Union Budget 2025 – A synopsis about the tax and compliance reforms

By: Priyanka Jain - 6th February, 2025


Tax Rates: The budget has proposed new tax rates and slabs under the new tax regime, which are:

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Tax Collection at Source on Outbound Foreign Remittances

By: Priyanka Jain - 9th January, 2025


Section 206C(1G) of the Income Tax Act deals with the TCS on foreign remittances and the sale of overseas tour packages.

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Income Tax Clearance Certificate for travel outside India

By: Gauri Sham Deshpande - 27th August, 2024


Recently, there have been a lot of questions regarding obtaining ITCC (Income tax clearance certificate) travel outside India. Let us review this in detail.

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Union Budget 2024

By: Mr. Prasanna Ravikant Bhat - 24th July, 2024


The new tax regime will continue to be the default tax regime. However, the assessee can still avail benefits under old tax regime on opt-out basis as per the Law.

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Interim Budget 2024

By: Mr. Prasanna Ravikant Bhat - 5th February, 2024


There are no changes in direct and indirect tax rates. The interim budget proposes to withdraw outstanding disputed direct tax demands up to Rs.25,000 pertaining to the period up to F.Y 2009-10 and up to Rs.10,000 for F.Y 2010-11 to 2014-15.

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Recent Blogs

Tax Collection at Source on Outbound Foreign Remittances

By: Priyanka Jain

9th January, 2025

Blog on Section 194R along with FAQs

By: Vidhi Vora

27th October, 2023

A note on Bonus Shares

By: Sakina Bohra

2nd June, 2023

PAN-AADHAAR Linking

By: Mr. Mohit Shetty

2nd June, 2022

UNION BUDGET 2022 – A SYNOPSIS

By: Mr. Vipul J Oza

16th February, 2022

Taxation of Rewards earned by Olympic players

By: Mr. Mohit Shetty

9th September, 2021

44AD & 44ADA

By: Sakina Bohra

26th August, 2021

How different is the Indian GST from UAE VAT system?

By: Mr. Harshit Mogra

5th May, 2021

Stamp Duty and Registration of Documents

By: Diptika Jadhav

9th April, 2021

Composition scheme in GST

By: Yashvi Parikh

19th March, 2021

Section 194Q- TDS on Purchase of Goods

By: Priyanka Jain

15th March, 2021

80E : Deduction on Payment of Interest on Education loan

By: Mr. Vipul J Oza

8th March, 2021

Audit of Society

By: Priyanka Jain

24th February, 2021

Electronic Invoicing under GST: E-invoicing

By: Diptika Jadhav

5th February, 2021

ITC Credit eligibility & Rules on ITC credit utilization

By: Diptika Jadhav

1st February, 2021

E-WAY Bill

By: Diptika Jadhav

1st February, 2021

MSME Registration

By: Diptika Jadhav

11th January, 2021

GAFA Tax – Trapping the Tech Giants

By: Mr. Harshit Mogra

28th December, 2020

Foreign Contribution (Regulation) Amendment Act, 2020 ("FCRA 2020")

By: Nikita Theresa Noronha

16th December, 2020

Equalisation levy – Taxation going Digital

By: Nikita Theresa Noronha

10th December, 2020

GST - A Destination Based Tax - Place of Supply Rules

By: Mr. Harshit Mogra

7th December, 2020

Refund Claims under GST for Tax and Input Tax Credit (ITC)

By: Mr. Harshit Mogra

9th November, 2020

Point of Supply

By: Mr. Harshit Mogra

5th November, 2020


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