Budget News
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Amendment proposed in Charitable trust, assessment proceedings by Finance Bill, 2023
The utilization of corpus, loans or borrowings by a charitable or religious trust prior to 01-04-2021 will not be considered...
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Important Direct Tax Amendments in Budget 2023 for individual and business owners
Considering the above standard deduction and new tax slabs it was mentioned in the Parliament that a salaried employee will...
Read more[Live] Updates and Tax changes for Budget 2023 | Tax on cryptocurrency | Income tax and GST udpates in Budget 2023 [Download Bill]
Finance Minister Mrs. Nirmala Sitharaman has started presenting the budget 2023 today i.e. 01.02.2023 in parliament at 11:00 am today....
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Final stage of Union Budget 2023-24 commences with Halwa Ceremony
The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North...
Read moreExplanatory notes to provisions of Finance Act, 2022 issued by CBDT
This explanatory note is also very important as in recent times there have been many amendments in the Finance Bill...
Read more39 more amendments in Finance Bill which was implemented in Finance Act, 2022 received assent of President
1) Loss from one Virtual Digital Asset (VDA) cannot be set-off against income from another VDA. 2) Definition of ‘transfer’...
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How to calculate and pay additional Tax on updated return | Section 140B | Budget 2022
Finance bill, 2022 has introduced section 140B of the Income tax act wherein such person is required to pay additional...
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Now file updated Income tax return within 2 years from the end of relevant assessment year | Detailed Discussion | Budget 2022
Who can file the updated return? Anyone can file the updated return irrespective of whether the person has filed original...
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INTRODUCTION OF CENTRAL BANK DIGITAL CURRENCY ‘DIGITAL RUPEE’ ANNOUNCED | RBI to issue it from 2022-23
The Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman today announced the introduction of Digital Rupee to be issued by...
Read more[Breaking News] India will now charge tax on Digital asset including cryptocurrency, NFT etc at 30%: Section 115BBH
As per the above provision below are bullet points for taxation of digital asset: Income from Digital asset shall be...
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[Live] Updates and Tax changes for Budget 2022 | Tax on cryptocurrency | Income tax and GST udpates in Budget 2022 [Download Bill]
India's Digital currency: RBI to bring Digital Rupee from 2022 and bring India's own digital currency which will be regulated...
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Union Budget 2022-23 to be presented on 1st February, 2022 in Paperless form
To mark the final stage of Union Budget making process, sweets provided to core staff due for “lock-in” at their...
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Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2022-23
The stakeholder groups made several suggestions on various issues that included increased R&D spending, infrastructure status for digital services, incentives...
Read moreFinance bill 2021 passed in both houses or parliament and is now an act | More than 100 amendments | 25 Major amendments of Finance act, 2021
Every year our Hon'ble Finance Minister presents Finance bill in the parliament through which necessary amendments are made to the...
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Now issuing fake invoices can even lead to attachment of your property under Income tax
Section 271AAD was introduced by Budget, 2020 wherein penalty was introduced for issuing fake invoices or omission of any entry....
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
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- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
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