Union Budget News

ICAI Hosts Key Discussion with Experts on Union Budget 2024-2025

26 July 2024 at 09:00

The Direct Tax Committee of the Institute of Chartered Accountants of India (ICAI) organized a special discussion on the Union Budget 2024-2025 at the Siri Fort Auditorium in New Delhi.

Posted in Union Budget | 396 Views

Budget 2024-25: New Provision to Allow TCS Credit for Minors to be Claimed by Parents

25 July 2024 at 14:26

Proposed to introduce a provision in section 206C of the Act, to allow the Board to notify the rules for cases where credit of tax collected are given to person other than collectee.

Posted in Union Budget | 513 Views

Budget 2024-25: Proposed Increase in Deductible Remuneration for Working Partners in Partnership Firms

25 July 2024 at 14:25

Increase in limit of remuneration to working partners of a firm allowed as deduction

Posted in Union Budget | 1437 Views

Boosting Employment and Skilling: Key Highlights from Budget 2024-25

25 July 2024 at 14:24

The Union Budget 2024-25, presented by the Hon'ble Finance Minister outlines significant efforts for boosting employment in the country with Employment and Skilling being one of its' priorities.

Posted in Union Budget | 462 Views

Budget 2024-25: Tax Clearance Certificate Now Includes Black Money Act, 2015

25 July 2024 at 09:16

Amendment to include the reference of Black Money Act, 2015 for the purposes of obtaining a tax clearance certificate

Posted in Union Budget | 954 Views

Budget 2024-25: Section 271FAA Amended for Automatic Exchange of Information (AEOI) Compliance

25 July 2024 at 09:16

Amendment of section 271FAA to comply with the Automatic Exchange of Information (AEOI) framework

Posted in Union Budget | 378 Views

Budget 2024-25: New Rules for Transfer Pricing of Domestic Transactions

25 July 2024 at 09:15

Determination of Arms Length Price in respect of specified domestic transactions in proceedings before Transfer Pricing Officer

Posted in Union Budget | 687 Views

Budget 2024-25: New Compliance Rules for Non-Resident Liaison Offices

25 July 2024 at 09:14

Submission of statement by liaison office of non-resident in India

Posted in Union Budget | 411 Views

Union Budget 2024: ICAI Welcomes Budget 2024-25 Focusing on Employment, Skilling, MSMEs and the Middle Class

25 July 2024 at 09:12

The Institute of Chartered Accountants of India (ICAI) welcomes the Budget that focuses on employment, skilling, MSMEs sector and Middle Class.

Posted in Union Budget | 2616 Views

Budget 2024-25: One-Month Grace Period for TDS/TCS Penalties from 1st April 2025

24 July 2024 at 10:08

Proposed amendment to Section 271H of the Budget 2024-25 offers a one-month grace period for TDS/TCS filings to avoid penalties, starting April 2025

Posted in Union Budget | 4239 Views