# finance
12 posts in `finance` tag
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Interpreting the CBDT’s Seventh Amendment Rules, 2025: Section 194T and Its TDS Effects.
The 7th Amendment Rules 2025 established by the CBDT introduces Section 194T, which requires a 10% TDS on salaries, bonuses, commissions, and other earnings. Understand its implications, necessary compliance measures, and how both businesses and individuals should adjust.
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Finance Bill 2025 Update: Big Relief for Taxpayers on Income Tax Search Rules
The Indian government has updated the Finance Bill 2025, substituting "total income" with "total undisclosed income" in important sections of the Income Tax Act. This amendment lowers the liabilities for taxpayers, encourages compliance, and simplifies assessments in instances of search and requisition.
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Tax Reforms for LLPs & Partnership Firms: What’s Changing in April 2025?
With effect from April 1, 2025, the Finance Act implements major income tax reforms for partnership enterprises and limited liability companies in India. This article examines the changes that are expected, their possible effects, and practical measures that companies may take to ensure a seamless transition.
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Notification No. 19/2025: Tax Implications of PFC’s Ten Year Zero Coupon Bond
Notification No. 19/2025, issued by the Central Board of Direct Taxes (CBDT), recognizes Power Finance Corporation Ltd.’s Ten Year Zero Coupon Bond under Section 2(48) of the Income Tax Act. This notification provides clarity on the bond’s tax implications, making it a more transparent and attractive investment option. Investors should consider tax planning, financial goals, and risk assessment before investing in such instruments.
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GST Credit Note Issuance: Compliance Updates in Finance Bill 2025
The Finance Bill 2025 changes Section 34(2) of the CGST Act, extending the deadline for issuing credit notes to March 31 of the next fiscal year. This blog discusses the changes, how they affect businesses, and how to comply.
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Tax Advantages for Various Income Levels (0–24 Lacs) – A Detailed Overview
This blog explains the tax benefits under the Finance (No.2) Act, 2024, for income levels up to ₹24 lakhs. Learn how the new tax slabs and rebates reduce tax liability and increase disposable income.
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Income Tax Bill 2025 vs. Income Tax Act 1961: New Utility Tool for Simplified Comparison
To make it easier to compare the Income Tax Bill 2025 with the Income Tax Act 1961, as amended by the Finance (No. 2) Act 2024, the Income Tax Department has released a Utility Tool. This application ensures improved compliance and lowers mistakes by assisting businesses, professionals, and taxpayers in understanding legal changes. Discover how to utilize this tool and the advantages it offers to different stakeholders.
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Everything You Should Know About the New UPI Transaction Regulations Going Into Effect on February 15, 2025
With effect from February 15, 2025, NPCI has implemented new UPI transaction regulations that prioritize automated chargeback processing, fraud avoidance, and expedited settlements. Businesses and consumers would gain from these changes as they increase the efficiency and security of digital transactions.
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Tax Relief Alert: Sections 206AB & 206CCA Removed – Key Changes in TDS/TCS Rules
Higher TDS/TCS rates under Sections 206AB & 206CCA, which formerly punished non-filers of income tax returns, are eliminated by the Finance Bill 2025. This blog examines the ramifications of this move, the advantages it offers taxpayers, and how it makes compliance easier for both people and companies.
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Section 271AAB Revisions in Finance Bill 2025: What Taxpayers Must Know
The Finance Bill 2025 introduces significant amendments to Section 271AAB of the Income Tax Act, 1961, focusing on penalties for undisclosed income during search and seizure operations. This blog delves into the increased penalty rates, revised disclosure timelines, and stricter compliance requirements, providing a comprehensive understanding of how these changes affect taxpayers and the broader implications for tax compliance
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Kisan Credit Card: 7.07 Crore Farmers Now Have a 5 Lakh Loan Limit
An important factor in giving Indian farmers access to reasonably priced loans is the Kisan loans Card (KCC) program. To the advantage of 7.07 crore farmers, the loan ceiling was recently raised from ₹3 lakh to ₹5 lakh. This will support the adoption of contemporary technology, the management of growing input costs, and the maintenance of financial stability. But problems like delayed loan disbursements and awareness problems still require addressed.
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TDS on Rent Limit Increased from 2.4 Lakh to 6 Lakh – Key Changes & Effects
The Indian government has increased the TDS on rent threshold from 2.4 lakh to 6 lakh per annum. This move aims to reduce compliance burdens for tenants, ease cash flow for landlords, and align with rising rental costs. In this blog, we discuss the key changes, benefits, compliance requirements, and the impact on individuals and businesses.