Union Budget News

NPS Vatsalya Scheme: New Tax Deductions for Parents Under Section 80CCD

03 February 2025 at 06:53

Deduction under section 80CCD for contributions made to NPS VatsalyaThe NPS Vatsalya Scheme, officially launched on 18 September 2024, enables parents and guardians to start a National Pension Scheme (NPS) account for their children. This savings-cum

Posted in Union Budget | 816 Views

Section 17 Amendments: Higher Income Limits for Perquisite Exemptions from 2026

03 February 2025 at 06:52

Increase in the limits on the income of the employees for the purpose of calculating perquisites

Posted in Union Budget | 1899 Views

Budget 2025-26 Proposes GST Amendments to Boost Trade Facilitation

03 February 2025 at 06:52

The Budget 2025 proposes changes in GST laws for ensuring trade facilitation.

Posted in Union Budget | 333 Views

Proposed Removal of Higher TDS/TCS for Non-Filers of Income Tax Returns

01 February 2025 at 17:04

Removal of higher TDS/TCS for non-filers of return of income

Posted in Union Budget | 3480 Views

Proposed Amendments to Streamline Transfer Pricing and Multi-Year ALP Determination

01 February 2025 at 17:04

Rationalisation of transfer pricing provisions for carrying out multi-year arm's length price determination

Posted in Union Budget | 363 Views

Budget 2025: Rationalization of Loss Carry Forward Provisions in Amalgamation Cases

01 February 2025 at 17:03

Rationalisation of provisions related to carry forward of losses in case of amalgamation

Posted in Union Budget | 429 Views

Clarification on Commencement and End Dates for Stay Period in Tax Proceeding

01 February 2025 at 17:03

Clarification regarding commencement date and the end date of the period stayed by the Court

Posted in Union Budget | 255 Views

Rationalized Time Limit for Imposing Penalties under Section 275

01 February 2025 at 17:02

Time limit to impose penalties rationalisedimposition of penalties in var

Posted in Union Budget | 300 Views

Proposed Amendments in Sections 132 and 132B to Rationalize Search and Seizure Provisions

01 February 2025 at 17:00

Amendments proposed in sections 132 and 132B for rationalising provisions

Posted in Union Budget | 198 Views

Section 271AAB Penalty Provisions Not Applicable for Searches Initiated After 1st Sept 2024

01 February 2025 at 16:59

Non-applicability of Section 271AAB of the Act The existing provisions of sub-section (1A) of section 271AAB of the Act relates to penalty in respect of searches initiated after 15.12.2016.

Posted in Union Budget | 204 Views