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New Income Tax Bill          Finance Act, 2025 [+Budget] 

Highlights Highlights, Income Tax, GST, Import Eport and Corporate Laws

Govt Raises Excise Duty on Petrol and Diesel to Rs. 13 and Rs. 10 per Litre Under Sections 5A and 147
April 8, 2025   Notifications     Central Excise

Insolvency Professionals Regulations Updated: Time Frame Extended from Twelve to Twenty-Four Months Under Section 196 and 207
April 8, 2025   Notifications     IBC

Insolvency Resolution Professionals Must Now Use Detailed Compliance Certificate Template Under Amended CIRP Regulations
April 8, 2025   Notifications     IBC

Interactive Flat Panel Displays Clarified: Technical Features Determine Customs Duty Classification Under 85285900
April 8, 2025   Circulars     Customs

Government Extends Sea Cargo Manifest Regulations Deadline to May 2025, Offering Grace Period for Electronic Declaration Compliance
April 8, 2025   Circulars     Customs

Customs Importers Must Upload Complete E-Sanchit Documentation with Precise Product Details for Faster Clearance Process
April 8, 2025   Circulars     Customs

Circular 18.10.2006 Validates Petitioner's Claim, Halts Entry Tax Recovery for Specified Period from April to May 2005
April 8, 2025   Case Laws     VAT / Sales Tax

Refund Claim Upheld: Petitioner Wins Challenge Against Incorrect Rejection, Secures Full Refund with Interest under Section 56
April 8, 2025   Case Laws     GST

Government Dues Settlement Clears Property Sale Path, Orders Immediate Payment and Certificate Deletion Within Four Weeks
April 8, 2025   Case Laws     GST

Cash Payment Limits for Milk Procurement Narrowly Defined, Disallowing Deductions for Pasteurization Companies Under Rule 6DD
April 8, 2025   Case Laws     Income Tax

Unsubstantiated Cash Transaction Claims Invalidated: Section 69C Addition Rejected Due to Procedural Flaws
April 8, 2025   Case Laws     Income Tax

Tax Assessment Nullified: Section 153A Approval Lacks Substantive Reasoning, Procedural Defects Render Order Invalid
April 8, 2025   Case Laws     Income Tax

International Transactions Benchmarked: LIBOR Prevails Over Domestic Rates in Transfer Pricing Assessment of Associated Enterprise Receivables
April 8, 2025   Case Laws     Income Tax

GST Registration Cancelled After Comprehensive Review Finds No Procedural Irregularities or Justifiable Grounds for Continuation
April 8, 2025   Case Laws     GST

Government Hospital Support Services Deemed Tax-Exempt Under Public Health Constitutional Mandate
April 8, 2025   Case Laws     GST

Integrated Terminal Project Deemed Composite Works Contract, Attracts 18% GST Under Section 2(119) of CGST Act
April 8, 2025   Case Laws     GST

International Tech Company Loses Transfer Pricing Appeal, Tribunal Validates TPO's Methodology for Royalty and Technical Assistance Payments
April 8, 2025   Case Laws     Income Tax

Municipal Onion Market Leasing Deemed Public Function Exempt from GST Under Constitutional Municipal Powers
April 8, 2025   Case Laws     GST

GST Advance Ruling Rejected: Contractor's Application Deemed Inadmissible Under Section 97(2) CGST Act
April 8, 2025   Case Laws     GST

Tapioca Flour Waste Classified as Livestock Feed Residue, Attracts 5% GST Under Chapter 23031000
April 8, 2025   Case Laws     GST

Tax Authorities Cannot Repeatedly Reassess Same Income Issue Under Section 153A After Prior Completed Reassessment
April 8, 2025   Case Laws     Income Tax

Tax Authority's Block Assessment Invalidated: Statement Alone Insufficient, Incriminating Materials Mandatory for Income Addition
April 8, 2025   Case Laws     Income Tax

Income Tax Assessment: Tribunal Reduces Net Profit Estimation from 2% to 0.75%, Lowering Tax Liability for Assessee
April 8, 2025   Case Laws     Income Tax

Tax Dispute Resolved: Ex-Gratia Payment Deemed Capital Receipt, Not Taxable Under Section 17(3)
April 8, 2025   Case Laws     Income Tax

Tax Treaty Victory: Non-Resident Investors Exempt from Short-Term Capital Gains on Mutual Fund Units Under India-Singapore Agreement
April 8, 2025   Case Laws     Income Tax

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Understanding Loss Set-Off or carry forward and set-off of losses in Clause 108 of the Income Tax Bill, 2025 Vs. Section 70 of the Income Tax Act, 1961
Tax treatment of amounts borrowed or repaid through instruments like hundis in Clause 106 of the Income Tax Bill, 2025, Vs. Section 69D of the Income Tax Act, 1961
Taxation of Unexplained Expenditures in Clause 105 of Income Tax Bill, 2025 Vs. Section 69C of Income Tax Act, 1961
Addressing the issue of undisclosed income through unexplained assets In Clause 104 of the Income Tax Bill, 2025 Vs. Section 69B of the Income Tax Act, 1961
Understanding the Legal Framework for Unexplained Investments in Clause 103 of the Income Tax Bill, 2025 Vs. Section 69B of the Income-tax Act, 1961
A Deep Dive into Unexplained Asset in Clause 104 of Income Tax Bill, 2025 Vs. Section 69A of Income Tax Act, 1961
Understanding Unexplained Investments Taxation in Clause 103 of Income Tax Bill, 2025 Vs. Section 69 of The Income Tax Act, 1961
Curb tax evasion through Unexplained Credits (i.e. unaccounted money or fictitious entries in financial records) in Clause 102 of The Income Tax Bill, 20205 Vs. Section 68 of The Income Tax Act, 1961
Income Apportionment in AOPs and BOIs in Clause 309 of the Income Tax Bill, 2025 Vs. Section 67A of the Income Tax Act, 1961
Comprehensive Analysis of Total Income in Clause 101 of the Income Tax Bill, 2025 Vs. Section 66 of the Income Tax Act, 1961
Addresses the tax liability of individuals in respect of income that is included in the income of another person in Clause 100 of the Income Tax Bill, 2025 vs. Section 65 of the Income Tax Act, 1961
Prevent tax evasion through the diversion of income to family members "clubbing of income" in Clause 99 of the Income Tax Bill, 2025 vs. Section 64 of the Income Tax Act, 1961
Definitions for "transfer" and "revocable transfer" in Clause 98 of the Income Tax Bill, 2025 Vs. Section 63 of the Income Tax Act, 1961
The chargeability of income in the context of the transfer of assets with Exception in Clause 97 of Income Tax Bill, 2025 vs. section 61 & 62 of Income-tax Act, 1961
Prevention of tax avoidance strategies "transfer of income without a corresponding transfer of the asset" in Clause 96 of the Income Tax Bill, 2025 Vs. Section 60 of the Income-tax Act, 1961
Understanding the Tax Implications on benefits obtained from the remission or cessation of liabilities in Clause 95 of the Income Tax Bill, 2025 Vs. Section 59 of the Income-tax Act, 1961
Disallowing deductions of specific expenses in Clause 94 of Income Tax Bill, 2025 vs. Section 58 of Income Tax Act, 1961
Deductions available under "Income from other sources" in Clause 93 of Income Tax Bill, 2025 VS. Section 56 of Income Tax Act, 1961
Modernizing Tax Treatment of Income from other Sources in Clause 92 vs. Section 56 of the Income-tax Act, 1961
Enhancing Fair Market Valuation in Clause 91 of Income Tax Bill, 2025 vs. Section 55A of Income Tax Act, 1961
Interpretations of key terms related to capital gains "adjusted," "cost of improvement," and "cost of acquisition" in Clause 90 of Income Tax bill 2025 vs. Section 55 of Income Tax Act, 1961
Extension of Time for Reinvesting Capital Gain, original asset is compulsorily acquired, and compensation is delay Clause 89 of the Income Tax Bill, 2025 vs. Section 54H of the Income-tax Act, 1961
Capital gain Tax Relief in relocation of industrial undertakings from urban areas to SEZ area in Clause 88 of Income Tax Bill, 2025 vs. Section 54GA of Income Tax Act, 1961
Capital gain Tax Relief in relocation of industrial undertakings from urban areas to non-urban in Clause 87 of Income Tax Bill, 2025 vs. Section 54G of Income Tax Act, 1961
Encourage investment in residential property by offering tax exemption on capital gains in Clause 86 of the Income Tax Bill, 2025 vs. Section 54F of Income Tax Act, 1961

More Notes

Notifications Notifications

IT

- Income-tax (Tenth Amendment) Rules, 2025.
April 7, 2025

IT

- Exemption from specified income U/s 10(46A) of IT Act 1961 Prayagraj Mela Pradhikaran, Prayagraj
April 7, 2025

IT

- Exemption from specified income U/s 10(46A) of IT Act 1961 Greater Mohali Area Development Authority
April 7, 2025

CE

- Amendment in Notification No. 05/2019-Central Excise, dated the 6th July, 2019 - Increase in the rate of Duty on Petrol and Diesel
April 7, 2025

IT

- Central Government notifies that no deduction of tax shall be made on the payment under section 194EE of the IT Act 1961 - widrawl from National Savings Scheme or payment to a deferred annuity plan
April 4, 2025

Cus

- Amendment in Notification No. 50/2017-Customs, dated the 30th June, 2017 - Effective Rate of duty: Condition no. 9 for import of "All goods other than Interactive Flat Panel Display (IFPD)" removed.
April 4, 2025

IBC

- Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2025
April 3, 2025

IBC

- Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2025.
April 3, 2025

IT

- Notifies that every person who has been allotted permanent account number on the basis of Enrolment ID of Aadhaar application form filed prior to the 1st day of October, 2024
April 3, 2025

IT

- Income-tax (ninth Amendment) Rules, 2025
April 3, 2025

Cus (NT)

- Export Entry (Post export conversion in relation to instrument based scheme) Regulations, 2025
April 3, 2025

Cus (NT)

- Corrigendum - Notification No. 18/2025- (N.T.), dated 28th March, 2025
April 2, 2025

FTP

- Inclusion of Land Custom Stations Darranga as Food Import Entry Points in List "A" of Appendix-V to Schedule-I (Import Policy), ITC (HS), 2022 in sync with relevant FSSAI Notification
April 2, 2025

FTP

- Amendment in import policy and policy condition of Roasted Areca Nuts falling under ITC (HS) Code 20081920 of Chapter-20 of ITC (HS), 2022, Schedule-I (Import Policy)
April 2, 2025

SEBI

- Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2025
April 1, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

Customs

- Clarification on the classification and applicable Basic Customs Duty (BCD) for Interactive Flat Panel Displays (IFPDs) and other monitors
April 7, 2025

SEBI

- Standardized format for System and Network audit report of Market Infrastructure Institutions(MIIs)
April 4, 2025

SEBI

- Recognition and operationalization of Past Risk and Return Verification Agency (PaRRVA)
April 4, 2025

Customs

- Applicability of SCOMET on Polyethylene Glycol CAS No. 25322-68-3
April 3, 2025

Customs

- Implementation of the Export Entry (Post export conversion in relation to instrument-based scheme) Regulations, 2025
April 3, 2025

DGFT

- Amendment in Appendix 4B of Handbook of Procedures, 2023
April 3, 2025

FEMA

- Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
April 3, 2025

SEBI

- Relaxation of provision of advance fee restrictions in case of Investment Advisers and Research Analysts
April 2, 2025

SEBI

- Extension of timeline for formulation of implementation standards pertaining to SEBI Circular on Safer participation of retail investors in Algorithmic trading
April 1, 2025

SEBI

- Clarification on the position of Compliance Officer in terms of regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
April 1, 2025

Customs

- Important Guidelines for Proper Document Submission and Compliance with the Faceless Assessment Process.
March 30, 2025

Customs

- Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR) -reg.
March 29, 2025

Customs

- Extension of transitional provisions for the SCMTR till 31.05.2025
March 29, 2025

SEBI

- Intraday Monitoring of Position Limits for Index Derivatives
March 28, 2025

SEBI

- Extension of timelines for submission of offsite inspection data
March 28, 2025

More Circulars

News News, PIB

SC asks FRI to re-examine budget for Taj Trapezium Zone tree census
April 8, 2025


UP govt gears up for major ODOP push in FY?26; finalises category-wise budget allocations
April 8, 2025


Department of Financial Services notifies amalgamation of 26 RRBs in fourth phase of amalgamation
April 8, 2025


Pradhan Mantri Mudra Yojana (PMMY) completes 10 glorious Years of empowering Small and Micro Entrepreneurs
April 8, 2025


India Must Convert Global Challenges into Opportunities with a Spirit of Nationalism: Shri Piyush Goyal
April 8, 2025


Turkiye sees opportunity as Trump's tariffs upset global economic order
April 7, 2025


MCD Mayor, House leader against adding waste management charges to property tax bills
April 7, 2025


Govt stepping up efforts to help exporters; Group to monitor possible import surge
April 7, 2025


NSO, India Unveils Digital Innovations to Strengthen Statistical System
April 7, 2025


18th National Seminar on National Sample Surveys: Critical Insights through Research and Emerging Trends in latest Survey Findings
April 7, 2025


Sitharaman to attend India-UK Economic and Financial Dialogue in London on April 9
April 7, 2025


A Decade of Growth with PM Mudra Yojana
April 7, 2025


Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to embark on an official visit to United Kingdom and Austria today
April 7, 2025


Govt stepping up efforts to help exporters; working group to monitor possible import surge
April 7, 2025


Reserve Bank MPC starts deliberations amid expectations of 25 bps rate cut
April 7, 2025


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Jiva Seva is Shiva Seva:
Service to humanity is Service to God

May I be born again and again, and suffer thousands of miseries so that I may worship the only God that exists, the only God I believe in, the sum total of all souls—and above all, my God the wicked, my God the miserable, my God the poor of all races, of all species, is the special object of my worship.

- Swami Vivekananda, CW, 5:137

 

 

 

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