Union Budget News


Section 115VP Amended: Extended Deadline for Tonnage Tax Approvals Effective 2025

   04 February 2025 at 08:56

Increasing time limit available to pass order under section 115VP

Posted in Union Budget |   168 Views


Income Tax Act Amendment: New Reporting Norms for Crypto-Assets Effective April 2026

   04 February 2025 at 08:56

Obligation to furnish information in respect of crypto-asset

Posted in Union Budget |   465 Views


Property Tax Relief: Simplified Annual Value Rules for Homeowners Effective 2025

   03 February 2025 at 06:53

Annual value of the self-occupied property simplified

Posted in Union Budget |   2805 Views


Section 80CCA Amended: Tax Relief on NSS Withdrawals Effective August 29, 2024

   03 February 2025 at 06:53

Exemption to withdrawals by Individuals from National Savings Scheme from taxation

Posted in Union Budget |   1908 Views


NPS Vatsalya Scheme: New Tax Deductions for Parents Under Section 80CCD

   03 February 2025 at 06:53

Deduction under section 80CCD for contributions made to NPS VatsalyaThe NPS Vatsalya Scheme, officially launched on 18 September 2024, enables parents and guardians to start a National Pension Scheme (NPS) account for their children. This savings-cum

Posted in Union Budget |   942 Views


Section 17 Amendments: Higher Income Limits for Perquisite Exemptions from 2026

   03 February 2025 at 06:52

Increase in the limits on the income of the employees for the purpose of calculating perquisites

Posted in Union Budget |   2064 Views


Budget 2025-26 Proposes GST Amendments to Boost Trade Facilitation

   03 February 2025 at 06:52

The Budget 2025 proposes changes in GST laws for ensuring trade facilitation.

Posted in Union Budget |   426 Views


Proposed Removal of Higher TDS/TCS for Non-Filers of Income Tax Returns

   01 February 2025 at 17:04

Removal of higher TDS/TCS for non-filers of return of income 

Posted in Union Budget |   3942 Views


Proposed Amendments to Streamline Transfer Pricing and Multi-Year ALP Determination

   01 February 2025 at 17:04

Rationalisation of transfer pricing provisions for carrying out multi-year arm's length price determination

Posted in Union Budget |   429 Views


Budget 2025: Rationalization of Loss Carry Forward Provisions in Amalgamation Cases

   01 February 2025 at 17:03

Rationalisation of provisions related to carry forward of losses in case of amalgamation

Posted in Union Budget |   546 Views



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