# budget
12 posts in `budget` tag
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Updated TDS Rates and Limits Effective from April 1, 2025: Significant Modifications and Effects
The Indian Government has updated TDS rates and thresholds starting from 1st April 2025, providing relief for taxpayers. Major alterations encompass increased exemption limits for interest earnings (Section 194A), rental income (Section 194I), and professional charges (Section 194J), along with revised thresholds for real estate transactions and cryptocurrency dealings.
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By Krishna
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Taxpayers Are Notified of Capital Gains Income Tax: Section 87A Rebate
This blog explains why taxpayers with capital gains are receiving Section 87A rebate notices. Learn about eligibility, common mistakes, and how to respond to income tax notices effectively.
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By Krishna
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CBDT's View on 12 Lakh Tax Rebate: Understanding Capital Gains Exemptions
The Union Budget 2025 included a tax credit for yearly incomes up to Rs 12 lakh, however capital gains are excluded. This blog examines the refund, its exclusions, and ways for maximizing tax savings.
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By Krishna
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Old vs New Tax Regime: A Detailed Comparison to Save More
The Indian government provides two tax regimes – the Old Regime and the New Regime – each with its own benefits and drawbacks. The Old Regime offers multiple deductions and exemptions, while the New Regime provides lower tax rates with minimal exemptions. This blog explores the key differences, tax calculations, and real-life illustrations to help taxpayers make an informed choice. Find out which tax regime suits your financial situation best!
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By Krishna
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Budget 2025 Brings 0% Tax for MSMEs Earning Up to 2 Crores
A ground-breaking tax reform was proposed in Budget 2025, offering companies with yearly sales up to 2 crores a 0% tax rate. This policy lessens the regulatory obligations for professionals, startups, and MSMEs by aligning with the presumptive taxation regime under Sections 44AD and 44ADA. For the benefit of small enterprises throughout India, the project seeks to increase entrepreneurship, simplify tax compliance, and encourage digital transactions.
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By Krishna
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Budget 2025–26: Significant Changes in Customs, Excise & Service Tax
The Union Budget 2025–26 brings key reforms in customs, excise, and service tax to promote domestic manufacturing, streamline tax compliance, and support economic growth. Changes include higher import duties on luxury goods, reduced raw material duties, and dispute resolution for service tax cases. These updates create opportunities for MSMEs, manufacturers, and digital businesses, while import-heavy sectors face challenges. Read on to understand the impact of these tax changes on businesses.
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By Krishna
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Taxpayers Alert: Budget 2025 Proposes a 70% Tax Hike on Updated ITRs
A substantial 70% extra tax on files after the two-year mark is the catch of the planned extension of the revised ITR filing term from two to four years in the Union Budget 2025. The goal of this action is to deter tax evasion and promote prompt compliance. This article examines the ramifications, professional viewpoints, and actions that taxpayers must take to avoid fines.
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By Krishna
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India’s Budget 2025: Game-Changing Policies for MSMEs
Through improved loan availability, tax breaks, digital transformation, and export promotion, the Union Budget 2025 has implemented a number of initiatives to support India's MSME sector. The introduction of Digital MSME India, the expansion of the PLI program, the reduction of GST compliance requirements, and a ₹50,000 crore investment in the CGTMSE are some of the major projects. Discover how these reforms will empower small firms and spur their expansion by reading on.
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By Krishna
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Union Budget 2025: New GST Rules, ITC Changes & MSME Benefits
Significant GST reforms were implemented in the Union Budget 2025, with an emphasis on increasing transparency, reducing the tax burden on small enterprises, and boosting compliance. Stricter ITC claim regulations, e-invoicing requirements for companies with ₹5 crore in revenue, updated GST rates, and higher GST registration limits for MSMEs are some of the major changes. Although companies must adjust to more stringent laws, these changes seek to simplify compliance, increase economic growth, and streamline procedures.
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By Krishna
Finance Bill 2025 An explanation of the main points and tax reforms
Key tax and financial reforms that affect people, companies, and the economy are included in the Finance Bill 2025, which was issued together with the Union Budget. It provides clarification on crypto taxation, simplified GST, lowered corporate taxes, and updated income tax slabs.
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By Krishna
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Budget 2025's TDS & TCS Big Relief: A Revolution for Taxpayers
Significant TDS & TCS reforms are introduced in the Union Budget 2025 with the goals of easing tax compliance, lowering financial burdens, and fostering economic expansion. Lower TDS rates, lower TCS on foreign transactions, and more exemptions for small taxpayers are some of the main attractions.
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By Krishna
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New Tax Slabs in Budget 2025: Comprehensive Overview and Analysis
The most significant adjustment to income tax slabs brought about by the Union Budget 2025 was the exemption of income up to ₹12 lakhs from taxes. Additional changes include a higher standard deduction of ₹75,000 and lower tax rates for those making between ₹8 lakhs and ₹24 lakhs. The goals of these measures are to streamline the tax filing process, promote savings and investments, and give middle-class taxpayers financial relief. The new tax system and its effects on people and the economy as a whole are covered in this blog.
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By Krishna