Union Budget News


Direct Tax Vivad se Vishwas Scheme 2024: Key Features

   27 July 2024 at 09:07

It is proposed that this Scheme shall come into force from the date to be notified by the Central Government. The last date for the Scheme is also proposed to be notified.

Posted in Union Budget  1 comments |   1524 Views


New TDS Rules for Floating Rate Savings Bonds w.e.f 1st October 2024

   26 July 2024 at 14:53

Tax Deduction at source on Floating Rate Savings (Taxable) Bonds (FRSB) 2020 

Posted in Union Budget |   816 Views


Amendment to Section 37: Disallowance of Settlement Amounts for Legal Contraventions from April 2025

   26 July 2024 at 14:51

Disallowance of settlement amounts being paid to settle contraventions

Posted in Union Budget |   573 Views


Proposed Amendment to Section 55: Clarification on Cost of Acquisition for Equity Shares in OFS and IPOs

   26 July 2024 at 14:51

Prior to Finance Act, 2018, section 10(38) of the Income Tax Act, 1961 (the Act) provided for exemption in respect of gains arising from the transfer

Posted in Union Budget |   798 Views


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 |   1434 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 |   537 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 |   267 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 |   1317 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 |   1083 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 |   4968 Views



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