Union Budget News


Budget 2025-26: Govt Increases KCC Loan Limit to Rs 5 Lakh for Farmers

   27 February 2025 at 08:41

Loan limit under Modified Interest Subvention Scheme increased from ₹3 lakh to ₹5 lakh in Union Budget 2025-26

Posted in Union Budget |   324 Views


Sovereign Wealth Funds and Pension Funds to Benefit from Extended Tax Exemptions Until 2030

   07 February 2025 at 08:47

Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions

Posted in Union Budget |   357 Views


Finance Bill 2025: Exemption from Prosecution for Delayed TCS Payment Introduced

   07 February 2025 at 08:47

The Finance Bill 2025 has introduced a crucial amendment to Section 276BB of the Income-tax Act, 1961, which pertains to the prosecution for failure to deposit Tax Collected at Source (TCS) with the Central Government.

Posted in Union Budget |   2109 Views


Presumptive Tax Regime Introduced for Non-Residents in Electronics Sector

   06 February 2025 at 08:45

Scheme of presumptive taxation extended for non-resident providing services for electronics manufacturing facility  

Posted in Union Budget |   441 Views


Tax Relief for Non-Residents: Section 10 Amendment on Offshore Derivative Instruments in IFSC

   06 February 2025 at 08:45

Amendment of Section 10 related to Exempt income of Non-Residents

Posted in Union Budget |   1161 Views


Tax Relief for Global Investors: India Extends SWF & PF Investment Deadline to 2030

   06 February 2025 at 08:45

Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions

Posted in Union Budget |   327 Views


Amendment to Section 13: Govt Eases Rules for Trusts on Reporting Donor Details

   05 February 2025 at 08:56

Rationalisation of persons specified under sub-section (3) of section 13 for trusts or institutions 

Posted in Union Budget |   1557 Views


Income Tax Relaxation: 10 Year Registration for Trusts with Income Below Rs 5 Crore

   05 February 2025 at 08:56

Period of registration of smaller trusts or institutionsSection 12AB provides registration of trust or institution for a period of 5 years or provisional registration (where activities have not commenced at the time of filing application for registra

Posted in Union Budget  1 comments |   1827 Views


Trust Registration Rules Eased: Incomplete Applications Won't Trigger Cancellation from FY 2025

   05 February 2025 at 08:56

Rationalisation of 'specified violation' for cancellation of registration of trusts or institutions

Posted in Union Budget |   255 Views


Tax Exemption for SUUTI Specified Undertaking to Last Until March 2027

   04 February 2025 at 08:56

Extension of exemption to Specified Undertaking of Unit Trust of India (SUUTI)

Posted in Union Budget |   321 Views