The Finance Bill 2025 – Flip e-Book (PDF) as part of the Union Budget 2025-26

The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating to direct taxes seek to amend the Income-tax Act, 1961…

Tax incentives to International Financial Services Centre International Financial Services Centre (IFSC) is a jurisdiction that provides financial services to non-residents and residents, to the…

1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under Section 132A Vide Finance Act, 2021 the provisions of…

Tax on distributed income of domestic company for buy-back of shares Special provisions relating to tax on distributed income of a domestic company from buy-back…

Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024 The Income-tax Act, 1961 provides for a mechanism of filing of appeals against…

Note: (a)           “Basic Customs Duty (BCD)” means the customs duty levied under the Customs Act, 1962. (b)          “Agriculture Infrastructure and Development Cess (AIDC)”…

A.   Changes in Basic Customs Duty (to be effective from 24.07.2024) S. No. Chapter, Heading, sub- heading, tariff item Commodity From To I. Agricultural…

Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are being allowed to lapse with effect from 30.9.2024. (A) The following…

Following goods are being exempted from levy of Social Welfare Surcharge S. No. Description 1. Natural Graphite 2. Natural sands 3. Quartz (other than natural…

Note: (a)           “Basic Excise Duty” means the excise duty set forth in the Fourth Schedule to the Central Excise Act, 1944. (b)          “NCCD”…