Provisions & Amendments Relating to Budget & Finance in India.
The Finance Bill 2025, presented by Finance Minister Nirmala Sitharaman as part of the Union Budget 2025-26, includes several key provisions related to direct taxes. Here are the highlights:
The Finance Bill 2025 – Flip e-Book (PDF) as part of the Union Budget 2025-26 Read More »
The Budget Speech for 2025-26 by Finance Minister Nirmala Sitharaman, presented in Parliament, outlines several key initiatives and reforms aimed at stimulating economic growth, enhancing social welfare, and promoting inclusive development. Here are the highlights from her speech:
The Budget Speech for 2025-26 by Finance Minister Nirmala Sitharaman- Flip e-Book (PDF) Read More »
The provisions relating to Direct Taxes for the Financial Year 2025-26 in India include several key changes and updates aimed at simplifying the tax system, promoting economic growth, and enhancing taxpayer compliance. Here are some of the major provisions:
Ministry of Finance HIGHLIGHTS OF UNION BUDGET 2025-26 Posted On: 01 FEB 2025 1:29PM by PIB Delhi PART A Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman presented Union Budget 2025- 26 in the Parliament today. The highlights of the budget are as follows: Budget Estimates 2025-26 The total receipts other than borrowings
Highlights of Union Budget 2025-26 Read More »
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee of the Lok Sabha and cleared by Parliament. The Income Tax Bill 2025 has been introduced in India as part of a comprehensive review of the Income Tax Act, 1961. The bill aims to simplify tax
The Income Tax Bill 2025 [Bill No. 24 of 2025]-Flip e-Book (PDF) Read More »
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee of the Lok Sabha and cleared by Parliament. If you are one among those who are a little worried about the new Income Tax Bill, here is good news for you. The authorities have
Income Tax Bill 2025: ‘Section to Section Mapping’ of I-T Act, 1961 Read More »
Insertion of new section 8A. 153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017.), after section 8, the following section shall be inserted, namely: — Power not to recover cess not levied or short-levied as a result of general practice. “8A. Notwithstanding anything contained in this Act, if the Government
Amendment of section 7. 151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter referred as the Union Territory Goods and Services Tax Act), in section 7, in sub-section (1), after the words “alcoholic liquor for human consumption”, the words “and un-denatured extra neutral alcohol or rectified spirit which is
Amendment of section 5. 147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter referred to as the Integrated Goods and Services Tax Act), in section 5, in sub-section (1), after the words “alcoholic liquor for human consumption”, the words “and undenatured extra neutral alcohol or rectified spirit used for manufacture
