Inclusion of retail schemes and Exchange Traded Funds (ETFs) in the existing relocation regime of funds of IFSCA 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… Read More »
Amendment of Section 10 related to Exempt income of Non-Residents 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: Amendment of Section 10… Read More »
Simplified regime for fund managers based in IFSC 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: Simplified regime for fund managers based… Read More »
Rationalisation of definition of ‘dividend’ for treasury centres in IFSC 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: V. Rationalisation of definition… Read More »
Exemption to capital gains and dividend for ship leasing units in IFSC 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: IV. Exemption… Read More »
Exemption on life insurance policy from IFSC Insurance offices 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: Exemption on life insurance policy… Read More »
Incentives to International Financial Services Centre 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: Incentives to International Financial Services Centre International Financial… Read More »
AGRICULTURE IS THE FIRST ENGINE FOR INDIA’S DEVELOPMENT JOURNEY: BUDGET 2025-26 MAKHANA BOARD TO BE ESTABLISHED IN BIHAR NATIONAL MISSION ON HIGH YIELDING SEEDS TO BE LAUNCHED SECOND GENE BANK WITH 10 LAKH GERMPLASM LINES TO BE SET UP FIVE- YEAR MISSION FOR COTTON PRODUCTIVITY ANNOUNCED KISAN CREDIT CARD LOAN LIMIT RAISED FROM Rs. 3… Read More »
Key Changes in Income Tax 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: Extension of sunset dates for… Read More »
NO INCOME TAX ON ANNUAL INCOME UPTO Rs. 12 LAKH UNDER NEW TAX REGIME LIMIT TO BE Rs. 12.75 LAKH FOR SALARIED TAX PAYERS, WITH STANDARD DEDUCTION OF RS. 75,000 UNION BUDGET 2025-26 BRINGS ACROSS-THE-BOARD CHANGE IN INCOME TAX SLABS AND RATES TO BENEFIT ALL TAX-PAYERS TAX SLAB RATE REDUCTION AND REBATES TO RESULT IN… Read More »