Union Budget News

Budget 2024-25: Tax Clearance Certificate Now Includes Black Money Act, 2015

25 July 2024 at 09:16

Amendment to include the reference of Black Money Act, 2015 for the purposes of obtaining a tax clearance certificate

Posted in Union Budget | 990 Views

Budget 2024-25: Section 271FAA Amended for Automatic Exchange of Information (AEOI) Compliance

25 July 2024 at 09:16

Amendment of section 271FAA to comply with the Automatic Exchange of Information (AEOI) framework

Posted in Union Budget | 411 Views

Budget 2024-25: New Rules for Transfer Pricing of Domestic Transactions

25 July 2024 at 09:15

Determination of Arms Length Price in respect of specified domestic transactions in proceedings before Transfer Pricing Officer

Posted in Union Budget | 747 Views

Budget 2024-25: New Compliance Rules for Non-Resident Liaison Offices

25 July 2024 at 09:14

Submission of statement by liaison office of non-resident in India

Posted in Union Budget | 456 Views

Union Budget 2024: ICAI Welcomes Budget 2024-25 Focusing on Employment, Skilling, MSMEs and the Middle Class

25 July 2024 at 09:12

The Institute of Chartered Accountants of India (ICAI) welcomes the Budget that focuses on employment, skilling, MSMEs sector and Middle Class.

Posted in Union Budget | 2721 Views

Budget 2024-25: One-Month Grace Period for TDS/TCS Penalties from 1st April 2025

24 July 2024 at 10:08

Proposed amendment to Section 271H of the Budget 2024-25 offers a one-month grace period for TDS/TCS filings to avoid penalties, starting April 2025

Posted in Union Budget | 4338 Views

Budget 2024 Proposes Six-Year Limit on TDS/TCS Correction Statements

24 July 2024 at 10:06

Time limit to file correction statement in respect of TDS / TCS Statements

Posted in Union Budget | 3684 Views

Budget 2024-25: Exemption from TCS for Certain Entities Starting 1st October 2024

24 July 2024 at 10:05

Notification of certain persons or class of persons as exempt from TCS

Posted in Union Budget | 2550 Views

Budget 2024-25: Black Money Act Liabilities to be Settled Against Seized Assets from October 2024

24 July 2024 at 09:09

Adjusting liability under Black Money Act, 2015 against seized assets

Posted in Union Budget | 2121 Views

Section 80G Amendment: Tax Deduction for Donations to National Sports Development Fund w.e.f 1st April 2025

24 July 2024 at 09:08

The Government had set up the aforesaid fund by the name National Sports Development Fund w.e.f 12.11.1998.

Posted in Union Budget | 516 Views