The Finance Bill 2025 proposes amendments to Section 206C of the Income-tax Act to clarify the definition of “forest produce” and revise the tax collected at source (TCS) rates. Currently, TCS at 2.5% ...
Union Budget 2025 catered to the middle class after much backlash over the year. Presented on February 1, 2025, the finance minister announced a big tax relief for professionals. Discussing the merits ...
This amendment will take effect from the 1st day of April, 2026 and shall accordingly, apply in relation to the assessment year 2026-27 and subsequent assessment years. Clause 3 of the Bill seeks to ...
The Budget 2025 is a liquidity focused, offering significant relief to the middle class while maintaining a strong focus on infrastructure and real estate. With tax slab rationalization, increased ...
Finance Minister Nirmala Sitharaman announced significant tax relief for the middle class in Union Budget 2025, with incomes up to Rs 12 lakh now tax- ...
Amid persistent liquidity concerns, the finance minister also raised the credit limits for loans with government guarantees for micro, small enterprises and startups.
G Hari Babu, National President of NAREDCO, said the decision to exempt income up to ₹ 12 lakh from taxation under the new regime is a significant incentive for the middle-income group, making ...