🚨 New Income Tax Bill Introduced: Insights 📢 The Hon’ble Finance Minister, Smt. Nirmala Sitharaman, announced the much-awaited Income Tax Bill, 2025, in the Union Budget 2025. This comprehensive overhaul of India’s tax structure aims to modernize, simplify, and align our taxation framework with global standards. The bill brings a fresh perspective on tax compliance […]
🚀 Union Budget 2025 – Key Taxation Insights: The Union Budget 2025 brings significant Income Tax & GST reforms, impacting individuals, businesses, and the economy. Some of the major highlights include: 🔹 Revision in the limits for MSMEs. 🔹 New Income Tax bill to be proposed in this week on the table of the House.[…..]
Dear Friends, The Union Budget 2024 was presented on 1st February 2024. However, as elections were due in coming months, so it was more as ‘Vote an Account’. After the swearing in of the newly elected Government, recently the first full Union Budget 2024 was presented by the Hon’ble Finance Minister. Presenting the technical analysis[…..]
Dear Readers, The 53rd meeting of the GST Council convened on June 22, 2024, primarily focused on addressing taxpayer concerns and providing relief measures. The following major recommendations were discussed, with implementation on issuance of notifications / circulars: 🔹 Section 128A: Proposal to waive interest and penalties for FY 17-18, 18-19, and 19-20 related to[…..]
