# taxreform
10 posts in `taxreform` tag
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Examining the Effects of the Worldwide Tax Reform on Enterprises, People, and Economies
This blog explores the substantial shifts in international tax laws and how they affect businesses, people, and the economy as a whole. Reduced corporate tax rates, changes to personal income tax brackets, and international tax reforms such as BEPS and digital taxes are some of the main areas of focus. The article delves deeper into the wider economic ramifications, encompassing the difficulties in upholding fiscal equilibrium and tackling income disparity.
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By Krishna
A Complete Guide to the Amendments to the Income Tax Act of 1961 to the Finance Act of 2024
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.
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By Krishna
Income Tax Reassessment Under Section 148A: Updated Schedules and Processes
The Finance Act, 2021, has introduced significant changes to the income tax reassessment provisions under Section 148A of the Income-tax Act, 1961. This blog post explains the new timelines and procedures for income tax reassessment, including the show-cause notice, taxpayer's response, and AO's decision.
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By Krishna
Budget 2024: An Examination of the New Section 74A
Budget 2024 has introduced a new provision, Section 74A, which aims to bring clarity to the insurance sector and reduce compliance costs for startups. This blog post provides an in-depth analysis of Section 74A, its features, penalty provisions, and implications on the insurance sector and startups.
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By Krishna
Budget 2024–2025: GST Law Changes - A Comprehensive Analysis
The Union Budget 2024-25 has introduced significant changes to the Goods and Services Tax (GST) law, aiming to simplify and rationalize the tax regime. This blog post provides an in-depth analysis of the key changes, including amendments to Sections 13, 16, and 128A, and their implications on businesses and taxpayers.
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By Krishna
Top Ten Amendments in India's Direct Tax System - Budget Proposal 2024–2025
The Budget Proposal 2024-25 has introduced several amendments to the direct tax regime in India. This blog provides a comprehensive guide to the top 10 amendments, including changes to standard deduction, angel tax, buyback tax, and more. Understand how these changes will impact you and plan your taxes accordingly.
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By Krishna
Changes in LTCG Tax on Real Estate Sales: Budget 2024
The Budget 2024 has introduced significant changes to the taxation of long-term capital gains on property sales. This blog post explains the impact of eliminating indexation benefits on property sales and investments, and what it means for property owners and investors.
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By Krishna
The Standard Deduction in Budget 2024–2025: A Huge Relief
The Union Budget 2024-25 has brought a significant relief to taxpayers with the increase in the standard deduction. This blog post explains the implications of this change and how taxpayers can benefit from it. Learn how to claim the deduction and stay updated on the latest tax reforms.
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By Krishna
Understanding CBDT's Plan for 2024-25: What's Coming Up?
Discover the main points and requirements outlined in CBDT's interim plan for the 2024-25 fiscal year
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By Krishna
The Future of GST in India: A Glimpse into What Lies Ahead for Businesses
The Indian Goods and Services Tax (GST) is poised for an exciting future! This blog post delves into potential changes in GST regulations, including rate rationalization and e-commerce focus. We also explore how advancements like AI and blockchain will shape the GST system. Learn how businesses can adapt to these changes and thrive in the evolving tax landscape.
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By Krishna