Union Budget News

Budget 2024: Exclusion of Section 194J Payments from Section 194C w.e.f 1st Oct 2024

26 July 2024 at 14:49

Excluding sums paid under section 194J from section 194C (Payments to Contractors)

Posted in Union Budget | 1380 Views

Amendment to Section 198: Inclusion of Foreign Taxes in Total Income Calculation

26 July 2024 at 14:48

Inclusion of taxes withheld outside India for purposes of calculating total income

Posted in Union Budget | 498 Views

Budget 2024: Amendment to Curb Misuse of Life Insurance Expense Deductions

26 July 2024 at 14:48

Preventing misuse of deductions of expenses claimed by life insurance business

Posted in Union Budget | 243 Views

Finance Act 2024: Revised TDS Provisions for Transfer of Immovable Property

26 July 2024 at 09:08

Amendment of provisions of TDS on sale of immovable property

Posted in Union Budget | 1281 Views

New TCS Rules on Luxury Goods: Section 206C Amendments w.e.f 1st January 2025

26 July 2024 at 09:07

TCS under sub-section (1F) of Section 206C on notified goods

Posted in Union Budget | 1020 Views

New TDS Rules for Payments to Partners: Section 194T w.e.f 1st April 2025

26 July 2024 at 09:06

TDS on payment of salary, remuneration, interest, bonus or commission by partnership firm to partners

Posted in Union Budget | 4899 Views

Amendment to Section 47: New Rules for Capital Gains Tax on Gifts w.e.f 1st April 2025

26 July 2024 at 09:04

Section 47 of the Act provides exclusion to certain transactions not regarded as transfer for the purposes of chargeability under 'Capital Gains' under section 45.

Posted in Union Budget | 3909 Views

Clarification on Reporting Rental Income: New Tax Rules from April 2025

26 July 2024 at 09:03

Reporting of income from letting out of house property under 'Income from House Property'

Posted in Union Budget | 3864 Views

Finance Act 2024: Key Changes to Securities Transaction Tax Rates

26 July 2024 at 09:03

Revision of rates of securities transaction tax by amendment to the Finance (No.2) Act, 2004

Posted in Union Budget | 381 Views

New Tax Rules for Buy-Back of Shares by Domestic Companies

26 July 2024 at 09:01

Tax on distributed income of domestic company for buy-back of shares

Posted in Union Budget | 909 Views