Income Tax Slabs Budget 2025 Live: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...
Returns from ULIP investment to get tax treatment as capital asset in these conditions, clarifies Budget 2025
T he Finance Minister has clarified that Unit Linked Insurance Plans (ULIPs) on whom clause (10D) of section 10 does not ...
Tax Guru4h
Budget 2025: Analysis of proposed amendments in Income Tax & GST
In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.
Tax Guru6h
IFSC- Exempt income for Non-Residents in Derivatives- FAQs – Budget 2025
Ans. The non-residents who enter into such transactions are benefited as the income from the aforementioned transactions is exempt. This will also benefit the FPIs in that there will be more ...
ULIP profit to be taxed as capital gains, like equity mutual funds
Issuing a clarification on income on redemption of ULIPs, finance minister Nirmala Sitharaman on Saturday announced that ULIPs that do not qualify for the exemption under clause (10D) of section 10 wi ...
No tax for up to Rs 12.75 lakh income for salaried under new tax regime as Section 87A tax rebate hiked in Budget 2025
Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through ...
How Budget 2025 makes studying abroad, travelling less tedious
Finance Minister Nirmala Sitharaman revised the Tax Collected at Source (TCS) rates on foreign remittances on Saturday. The ...