Tax

Budget 2025: Higher 87A tax rebate, deduction on home loan, income tax slab and more, what experts demand from FM to boost consumption

Relief for more taxpayers in Vivad Se Vishwas Scheme: Govt removes these four difficulties in applying for closure of income tax dispute cases

Union Budget 2025: Will Budget 2025 bring 50K NPS related deduction u/s 80CCD(1B) to the new tax regime?

Income tax on cash spending: These expenses will be considered as income and accordingly taxed if incurred in cash

Income tax benefits of NPS under both old and new tax regime for government and private sector employees

Employees of only 3,604 start-ups are eligible for tax relief on ESOPs: Will Budget 2025 extend this relief to all start-ups, unlisted companies? However, this tax relief currently applies to employees of 3,604 start-ups in the country. There is a need to amend the current taxation rules so that more employees can be eligible for tax relief on ESOPs

Big relief for GST taxpayers: Protection against arbitrary arrest and coercion by GST officers; CBIC changes arrest and bail guidelines under GST

ITR filing deadline: Last date to claim 87A tax rebate; do it now by filing revised ITR on or before January 15, 2025

New update on GST Amnesty Scheme waiver of penalty and interest: These taxpayers need to apply to appellate authority first to withdraw the appeal and then apply for the scheme The Appellate authority will forward such requests to GSTN through State Nodal officer for withdrawal of such appeal applications (i.e. filed before 21.03.2023 and not disposed off) from backend