Category: Budget
Extracts from the Finance Act, 2024, notified on 15/02/2024, relating to amendments in the GST law, as per Budget proposals.
Ministry of Law and Justice, Govt of India has notified the Finance Act, 2024 on 15th February 2024, after approval of the Hon'ble President of India.
Summary of the direct and indirect tax proposals made in the Budget 2024-25 (Finance Bill 2024) presented by Smt Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs.
The ICAI has submitted its “Pre-Budget Memorandum 2023 on Direct Taxes (Including International Taxation),” containing 241 suggestions, to the Ministry of Finance, Government of India, for consideration in formulating …
Discover the latest changes to direct and indirect taxes outlined in the Finance Act 2023, and learn how they may impact your finances.
Extracts of the GST related Amendments made in the Finance Act, 2023, as notified by the GOI on 31/03/2023, post assent of the Hon’ble President of India.
The Finance Bill 2023 proposes raising the presumptive taxation thresholds for micro enterprises (small businesses) and certain professionals to Rs. 3 crore and Rs. 75 lakh, respectively, if their …
As part of the move to gradually phase out exemptions and deductions, Clause 5 of the Finance Bill 2023 proposes to withdraw the income tax exemption u/s 10(22B) for …
Section 35D of the Income Tax Act is proposed to be amended in Clause 12 of the Finance Bill 2023 to remove the requirement for using companies pre-approved by …
Finance Bill 2023 proposes to extend the concessional tax regime of 15% to new manufacturing co-operative societies that begin manufacturing operations before March 31, 2024, on par with new …