Non-applicability of Section 271AAB Penalty for ‘Block Assessment’ by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Here are… Read More »
New Change in Block assessment for search and requisition cases by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes:… Read More »
New Change in tax deducted at source (TDS) rates by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Rationalisation… Read More »
Rationalisation of taxation of capital gains on transfer of capital assets by non-residents by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of… Read More »
The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Here are the key bullet points regarding the Finance Bill, 2025, proposal to extend… Read More »
Amendment of Definition of ‘Capital Asset’ by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Here are the key… Read More »
Bringing clarity in income on redemption of Unit Linked Insurance Policy by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key… Read More »
Harmonisation of Significant Economic Presence applicability with Business Connection by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Business… Read More »
Rationalisation in taxation of Business trusts by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Business Trusts: The Finance… Read More »
The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Incomplete applications will not lead to cancellation of registration: The Bill clarifies that incomplete… Read More »