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.

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.

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.

The CBDT has published Notification No. 9/2025, which prescribes criteria for non-resident cruise ship operators under the presumptive taxation scheme established by the Finance (No. 2) Act of 2024. This announcement details the qualifying criteria, journey conditions, and vessel characteristics for taking advantage of the regime. Its goal is to streamline compliance, improve India's cruise tourist industry, and harmonize tax rules with international norms.

An extensive overview of the changes made to the Income Tax Act of 1961 by the Finance Act of 2024 may be found in this blog article. It discusses the main adjustments, their effects on taxpayers, and the new tax system, tax rates, deductions, and exemptions.