Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 before Parliament on February 1st, unveiling key proposals that include significant changes to the existing tax laws. One notable aspect…
Top Stories Taxation and Interim Budget 2024: Achievements and Proposals [Read Finance Bill] Know the Achievements of Union Government in previous Fiscal year and proposed tax-regime changes for FY 2024-2025,…
In a recent decision, the Allahabad High Court observed that the opportunity of hearing is mandatory under Section 75(4) of the the Uttar Pradesh Goods and Services Tax Act, 2017…
In a significant move towards simplifying and enhancing the Instant Mobile Payment System (IMPS), the National Payments Corporation of India (NPCI) has issued a directive to its member banks. This…
Top Stories Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order] By Aparna. M - On January 30,…
Top Stories Input Tax Credit Can be Claimed on Service Received from a Foreign Service Provider: CESTAT Grants Relief to Ericsson India [Read Order] The bench held that the service…
Before the amendments introduced by the Finance Act of 2023 (FA 2023), Clause (22B) of Section 10 of the Income Tax Act, 1961 granted exemptions to the income of a…
Top Stories How Delayed MSE Payments Trigger Deferred Deductions for Corporates w.e.f. 1st April 2024: Section 43B(h) Explained As per the new amendment, the companies has to make the payment…
The Ministry of Finance has released the ‘The Indian Economy – A Review’ before Budget 2024 as tribute to the government policies. It is clarified that distinct from the Economic Survey…
In the lead-up to Budget 2024, anticipation is building for potential adjustments to exemption limits by the finance ministry, offering a possible relief from tax burdens. Notably, House Rent Allowance…