Cash Transaction Limits Under the Income Tax Bill 2025 The Income Tax Bill 2025 introduces significant changes to cash transaction limits in India. This video provides a comprehensive overview of the new rules, covering: Restrictions on cash receipts (₹2 lakh limit) Limits on cash expenses for businesses (₹10,000/₹35,000) Rules for accepting and repaying loans in… Read More »
Tax Audit and Time Limits for completing a tax audit in New Income tax Act 2025 Tax Audit in New Income Tax Act 2025 : The Income-tax Bill, 2025 outlines specific time limits for completing a tax audit, which are connected to the financial year. The concept of a “tax year” is introduced in the new… Read More »
Government releases section-wise comparison table and FAQs on the Income Tax Bill 2025 The document provides a comparison table highlighting the differences between the existing Income Tax Act of 1961 and the proposed Income Tax Bill 2025 in terms of the number of chapters, sections, and words. Particulars Income-tax Act, 1961 The proposed Act Chapters… Read More »