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Key Highlights of Interim Budget 2024-25 – Changes under Income Tax Interim Budget for 2024-25 is presented by Hon’ble Finance Minister Smt. Nirmala Sitharaman today i.e. February 01, 2024 and highlig...

Key Highlights of Interim Budget 2024-25 – Changes under GST GST has been a landmark reform of Independent India, enabling “One Nation One Tax One Market”. GST has reduced the compliance burden on tra...

Finance Bill 2024 brings forth significant proposals impacting tax rates, deductions, the faceless scheme, and Tax Collection at Source (TCS). Understanding these changes is crucial for taxpayers and...

The Interim Union Budget 2024-25, presented on 1st February, outlines a roadmap for India’s development, aligning with the goal of becoming a developed economy by 2047. Emphasizing the ‘Sabka Saath, S...

The Principal Chief Commissioner of Income Tax, Pune, has issued a notice dated 25.01.2024, inviting applications from qualified Cost Accountants and Firms for empanelment under section 142(2A) of the...

Central Board of Direct Taxes (CBDT) has notified vide Notification No. 19/2024-Income Tax | Dated : 31st January, 2024 the income tax return (ITR) forms, ITR-2, ITR-3 and ITR-5. ITR2 and 3 forms are...

Introduction: The Reserve Bank of India (RBI) has recently issued Circular No.14, A.P. (DIR Series), dated January 31, 2024, addressing All Category-I Authorised Dealer Banks. This circular provides c...

The Finance Bill, 2024, also known as Bill No. 14 of 2024, is a legislative proposal introduced in the Lok Sabha, the lower house of the Parliament of India. The bill was introduced on the 1st of Febr...

The Union Budget 2024 has introduced significant amendments, particularly the insertion of Section 122A in the Goods and Services Tax (GST) Law. This new provision targets manufacturers of goods, impo...

INTRODUCTION Finance Bill 2024 has introduced a significant and welcome change in the GST Law w.r.t. Input Service Distributor (‘ISD’) Mechanism. This is in line with the recommendations made by the G...

Introduction: The unveiling of Budget 2024 signifies a continuation of economic strategies, providing valuable insights into the government’s vision for a developed India (Viksit Bharat). This article...

Introduction: The Interim Budget 2024 has been revealed, shedding light on the government’s approach to personal taxation. In adherence to parliamentary practices, the Finance Minister has refrained f...

Introduction: The Interim Union Budget 2024-25 lays out a comprehensive roadmap for addressing key societal issues and driving economic growth. Part A of the budget emphasizes social justice, ‘Garib K...

CA Palash Sharma Introduction: The Union Budget 2024 introduces significant amendments to the Goods and Services Tax (GST) framework, focusing on areas such as Input Service Distribution and penalties...

The Union Budget 2024 brings significant changes to the Goods and Services Tax (GST) law, particularly in the realm of Input Service Distributor (ISD). As recommended by the GST Council, amendments ha...

Introduction: On February 1, Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024 in the Lok Sabha, marking a crucial interim budget just ahead of the Lok Sabha Elections. With no altera...

Introduction: In the recent Interim Budget speech for the fiscal year 2024-2025, Finance Minister Nirmala Sitharaman outlined significant achievements in both direct and indirect tax sectors over the...

Introduction: Interim Budget 2024 presents a comprehensive overview of fiscal measures, emphasizing tax continuity and pivotal changes in direct and indirect taxes. This article dissects the significa...

Introduction: The Finance Minister’s direct tax proposals for the upcoming fiscal year reveal a strategic approach to taxation, focusing on continuity, taxpayer support, and rationalization efforts. T...

Introduction: In a significant revelation during the presentation of the Interim Budget 2024-25, Union Finance Minister Smt. Nirmala Sitharaman disclosed that direct tax collections have more than tri...