CAclubindia News


Section 271BB Omitted and Penalty Powers Shift to Assessing Officers in 2025

   04 February 2025 at 08:56

Certain penalties to be imposed by the Assessing Officer

Posted in Union Budget |   186 Views


Section 276BB Amended: Exemption from Prosecution for Certain Delayed TCS Payments

   04 February 2025 at 08:56

Exemption from prosecution for delayed payment of TCS in certain cases

Posted in Union Budget |   1458 Views


Time Limit Extension for TCS Default Orders Under Section 206C Effective April 2025

   04 February 2025 at 08:56

Excluding the period such as court stay etc. for calculating time limit to pass an order

Posted in Union Budget |   327 Views


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 |   129 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 |   372 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 |   2736 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 |   933 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 |   876 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 |   1968 Views


ICAI Leading the Charge: Building India as a Global Hub for Accountancy by 2030

   03 February 2025 at 06:52

The profession of Chartered Accountancy shall act as the catalyst in fulfilling the dream of building our 'India - Global Hub for Accountancy Profession'.

Posted in Professional Resource |   426 Views