CAclubindia News

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 | 432 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 | 261 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 | 303 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

Proposed Amendments to Block Assessment Provisions for Search and Requisition Cases under Chapter XIV-B

01 February 2025 at 16:59

Amendments proposed in provisions of Block assessment for search and requisition cases under Chapter XIV-BVide Finance (No. 2) Act, 2024, the concept of block assessment was introduced by amending provisions of Chapter XIV-B

Posted in Union Budget | 243 Views

Reduction in Compliance Burden: TCS on Specified Goods Omitted from April 2025

01 February 2025 at 16:58

Reduction in compliance burden by omission of TCS on sale of specified goods Sub-section (1H) of section 206C of the Act,

Posted in Union Budget | 3012 Views

Budget 2025 Unveils Major Reforms to Rationalize TDS Rates and Thresholds

01 February 2025 at 16:09

In a decisive move to simplify tax compliance and boost the ease of doing business, the government has announced sweeping amendments to the Tax Deducted at Source (TDS) provisions.

Posted in Union Budget | 2487 Views

Rationalisation of Taxation on Capital Gains: Amendments to Section 115AD for Non-Residents

01 February 2025 at 16:09

Rationalisation of taxation of capital gains on transfer of capital assets by non-residents

Posted in Union Budget | 2001 Views

Tax Benefits Extended for Start-Ups: New Timeline for Section 80-IAC Provisions Until 2030

01 February 2025 at 16:06

Extension of timeline for tax benefits to start-ups The existing provisions of Section 80-IAC of the Act, inter alia, provide for a deduction of an amount equal to hundred percent of the profits and gains

Posted in Union Budget | 147 Views