Union Budget News


Presumptive Tax Regime Introduced for Non-Residents in Electronics Sector

   06 February 2025 at 08:45

Scheme of presumptive taxation extended for non-resident providing services for electronics manufacturing facility  

Posted in Union Budget |   534 Views


Tax Relief for Non-Residents: Section 10 Amendment on Offshore Derivative Instruments in IFSC

   06 February 2025 at 08:45

Amendment of Section 10 related to Exempt income of Non-Residents

Posted in Union Budget |   1236 Views


Tax Relief for Global Investors: India Extends SWF & PF Investment Deadline to 2030

   06 February 2025 at 08:45

Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions

Posted in Union Budget |   423 Views


Amendment to Section 13: Govt Eases Rules for Trusts on Reporting Donor Details

   05 February 2025 at 08:56

Rationalisation of persons specified under sub-section (3) of section 13 for trusts or institutions 

Posted in Union Budget |   1767 Views


Income Tax Relaxation: 10 Year Registration for Trusts with Income Below Rs 5 Crore

   05 February 2025 at 08:56

Period 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

Posted in Union Budget  1 comments |   1995 Views


Trust Registration Rules Eased: Incomplete Applications Won't Trigger Cancellation from FY 2025

   05 February 2025 at 08:56

Rationalisation of 'specified violation' for cancellation of registration of trusts or institutions

Posted in Union Budget |   321 Views


Tax Exemption for SUUTI Specified Undertaking to Last Until March 2027

   04 February 2025 at 08:56

Extension of exemption to Specified Undertaking of Unit Trust of India (SUUTI)

Posted in Union Budget |   405 Views


Updated ITR Filing Window Extended to 4 Years with Higher Penalties for Late Compliance

   04 February 2025 at 08:56

Extending the time-limit to file the updated returnSub-section (8A) of section 139 of the Act, relates to furnishing of updated return.

Posted in Union Budget |   2241 Views


Processing Period for Immunity from Penalty & Prosecution Extended to 3 Months

   04 February 2025 at 08:56

Extending the processing period of application seeking immunity from penalty and prosecution

Posted in Union Budget |   267 Views


Faceless Tax Schemes to Continue Beyond March 2025 as Date Restrictions Removed

   04 February 2025 at 08:56

Removing date restrictions on framing the schemes in certain cases

Posted in Union Budget |   372 Views



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