Union Budget News
Amendment to Section 13: Govt Eases Rules for Trusts on Reporting Donor Details
05 February 2025 at 08:56Rationalisation of persons specified under sub-section (3) of section 13 for trusts or institutions
Income Tax Relaxation: 10 Year Registration for Trusts with Income Below Rs 5 Crore
05 February 2025 at 08:56Period of registration of smaller trusts or institutionsSection 12AB provides registration of trust or institution for a period of 5 years or provisional registration (where activities have not commenced at the time of filing application for registra
Trust Registration Rules Eased: Incomplete Applications Won't Trigger Cancellation from FY 2025
05 February 2025 at 08:56Rationalisation of 'specified violation' for cancellation of registration of trusts or institutions
Tax Exemption for SUUTI Specified Undertaking to Last Until March 2027
04 February 2025 at 08:56Extension of exemption to Specified Undertaking of Unit Trust of India (SUUTI)
Updated ITR Filing Window Extended to 4 Years with Higher Penalties for Late Compliance
04 February 2025 at 08:56Extending the time-limit to file the updated returnSub-section (8A) of section 139 of the Act, relates to furnishing of updated return.
Processing Period for Immunity from Penalty & Prosecution Extended to 3 Months
04 February 2025 at 08:56Extending the processing period of application seeking immunity from penalty and prosecution
Faceless Tax Schemes to Continue Beyond March 2025 as Date Restrictions Removed
04 February 2025 at 08:56Removing date restrictions on framing the schemes in certain cases
Section 271BB Omitted and Penalty Powers Shift to Assessing Officers in 2025
04 February 2025 at 08:56Certain penalties to be imposed by the Assessing Officer
Section 276BB Amended: Exemption from Prosecution for Certain Delayed TCS Payments
04 February 2025 at 08:56Exemption from prosecution for delayed payment of TCS in certain cases
Time Limit Extension for TCS Default Orders Under Section 206C Effective April 2025
04 February 2025 at 08:56Excluding the period such as court stay etc. for calculating time limit to pass an order
Popular News
- MCA Extends Deadline for Filing CRA-4 Cost Audit Report in XBRL Format Till 31st December 2025
- CBDT Empowers Commissioner, CPC Bengaluru to Rectify and Issue Demands for Certain Income Tax Cases
- Punjab & Haryana High Court Warns CBDT of Contempt for Delay in Extending ITR Deadline for Audited Cases
- ICAI Proposes Optional Joint Taxation for Married Couples in Pre-Budget 2026-27 Suggestions
- CBDT Extends ITR and Audit Report Due Dates for AY 2025-26
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
