CAclubindia Articles

Section 148: Comparing Existing vs. New Provisions in Finance Bill 2024-25

Posted by Anumanchipalli Sathikonda 27 July 2024 2479 Views

Comparative Study of Section 148 of Income-tax Act, 1961 - Existing Version Vs. New Version (as substituted by Finance Bill 2024-25)

Long Term Capital Gains Tax With No Indexation

Posted by Mitali 26 July 2024 2966 Views

Long-term capital gains tax rate will be 12.5% for all assets.

Everything about New TDS Section 194T

Posted by CA Aman Rajput 26 July 2024 3548 Views

In the Union Budget of 2024, FM Nirmala Sitharaman introduced this new section of TDS in the Income Tax Act, 1961 i.e. Section 194T. This section imposes Tax Deducted at Source on certain payments made to partners of a firm, including salary, bonus, commission, interest, or remuneration.

New Rules on Tax Case for Re-openings and Re-assessments

Posted by Mitali 25 July 2024 2420 Views

In Budget 2024, FM has simplified the provisions for reopening and reassessment to reduce tax uncertainty and disputes, providing relief to taxpayers.

Taxation of Capital Gains: Simplified Rates and Benefits for Taxpayers

Posted by Ayush 25 July 2024 1379 Views

Explore simplified rates and benefits for taxpayers in the taxation of capital gains. Understand the latest regulations and maximize your tax savings

10 Proposed Amendments Relating to Direct Taxes in the Budget Proposal 2024-25

Posted by Shivani 25 July 2024 2024 Views

Explore the top 10 proposed amendments to direct taxes in the Budget Proposal 2024-25, focusing on key changes and their implications for taxpayers and businesses