Major Changes in TDS and TCS Rates from 1st October 2024
The Finance Act (No. 2), 2024, introduces significant changes to the Tax Deducted at Source (TDS) and Tax Collected at …
India
Income Tax Amendments for streamlining Assessment, Appeals, and Refunds applicable from 1 October 2024
The Finance Act (No. 2), 2024, has introduced significant amendments to the Income Tax Act, 1961, aimed at streamlining various …
Share buyback tax regime to change from October 1: What this means for you
There will be significant changes to India’s share buyback tax regime from October 1, 2024. The new rules will shift …
Gift Deed or Will? Which option is right for succession and estate planning
Deciding how to distribute your assets after death is a crucial aspect of wealth and estate planning. In India, you …
RBI hikes UPI limit for Tax Payments | Now pay Tax easily with UPI
In a move aimed at boosting digital payments and facilitating larger transactions, the Reserve Bank of India (RBI) on Thursday …
New Tax Rules for Property Owners: Challenges and Rollover Relief
The Union Budget 2024 introduced several changes to the taxation of long-term capital gains (LTCG) on property, and one of …
Union Budget 2024: Why Budget presentation time was changed to 11am from 5pm?
India historically used to present the Union Budget at 5 pm, a colonial practise that was brought to an end …
Industry body urges FM Sitharaman to continue 45-day MSME payment rule
The industry body argued that this provision serves as a powerful incentive for companies to adhere to payment timelines, thereby …
Circular 213/7/2024 on GST Taxability of ESOP/ESPP/RSU Provided by Companies to Employees
On June 26, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 213/07/2024-GST, providing critical clarifications …
CBIC’s Latest Circular 210/4/2024 on GST for Imported Services Explained
CBIC Clarifies Valuation of Imported Services by Related Persons Eligible for Full Input Tax Credit On June 26, 2024, the …
