CAclubindia News

Budget 2024-25: New TDS Section 194T Proposed in Partnership Firms Starting 1st April 2025

23 July 2024 at 15:00

It is proposed that a new TDS section 194T may be inserted to bring payments such as salary, remuneration, commission, bonus and interest

Posted in Union Budget & Policy | 3 comments | 10761 Views

Budget 2024-25: All GST, Customs and Income Tax Services to Go Digital in Two Years

23 July 2024 at 14:53

Smt Nirmala Sitharaman announced that all the services under GST, Customs and Income Tax including rectification and order giving effect to appellate orders will be digitalized and made paperless over the next two years.

Posted in Union Budget & Policy | 3204 Views

Budget 2024-25: Standard Deduction increased from Rs 50,000 to Rs 75,000

23 July 2024 at 14:44

Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by Nirmala Sitharaman while presenting the Union Budget 2024-25 in the Parliament today.

Posted in Union Budget & Policy | 3429 Views

Key Highlights of Union Budget 2024-2025

23 July 2024 at 14:25

The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament today.

Posted in Union Budget & Policy | 11682 Views

Summary of Union Budget 2024-2025

23 July 2024 at 13:58

Get an in-depth summary of the Union Budget 2024-2025!

Posted in Union Budget & Policy | 3066 Views

Budget 2024 Proposes TDS Rate Reductions to Simplify Compliance for Taxpayers

23 July 2024 at 13:47

There are various provisions of TDS with different thresholds and multiple rates between 0.1%, 1%, 2%, 5%, 10%, 20%, 30% and above. To improve ease of doing business and better compliance by taxpayers, the TDS rates are proposed to be reduced.

Posted in Union Budget & Policy | 1881 Views

Budget 2024-25: Capital Gains Taxation Simplified & Rationalised

23 July 2024 at 13:46

Simplification and Rationalization of the Capital Gains Tax was one of the key focus areas of the Union Budget 2024-25, presented by the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman in the Parliament today.

Posted in Union Budget & Policy | 2538 Views

Budget 2024-25: Indirect Tax Highlights

23 July 2024 at 13:25

Budget 2024 proposes comprehensive rationalization of GST tax structure along with review of the Custom Duty rate structure to improve the tax base and support domestic manufacturing.

Posted in Union Budget & Policy | 8205 Views

Budget 2024-25: Direct Tax Highlights

23 July 2024 at 13:11

The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as "the Bill"), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the Act'),

Posted in Union Budget & Policy | 11580 Views