The Finance Bill 2025 proposes an extension of the benefits under Section 80-IAC of the Income Tax Act for eligible startups. Section 80-IAC provides a 100% deduction on business profits for startups, ...

The Finance Bill 2025 brings an amendment to Section 9 of the Income-tax Act, 1961, which addresses the deemed accrual of income in India for foreign entities or non-residents. Under existing ...

Government of India Ministry of Finance (Department of Revenue Central Board of Indirect Taxes & Customs North Block, New ...

a. The amenities and benefits (in general) received by employees with a salary below certain limit would be exempt from being treated as perquisite. The limits, presently at Rs 50,000/- per annum, can ...

Ans. Business trusts (Infrastructure Investment Trusts or Real Estate Investment Trust) have been given a pass-through status in respect of interest income, dividend income and rental income from a ...

Ans. As a consequence of the amendment bringing securities held by investment fund as a capital asset, the transfer of such securities shall be taxed as capital gains. Consequently, the income shall ...

Ans. As per new section 44BBD, 25% of the aggregate amount received/ receivable by, or paid/ payable to, the non-resident, on account of provision of services or technology, are deemed as profits and ...

Under the current provisions, specified persons (such as sovereign wealth funds and pension funds) may avail exemption on certain income like interest, dividend, long term capital gains on their ...

Under the Income Tax Act, the registration of trusts or institutions under section 12AB was previously valid for 3 to 5 years. With the latest amendment, trusts or institutions with income below Rs. 5 ...

Q.9 How will the income will be recomputed once the TPO has examined and determined the ALP in relation to such similar transaction for such consecutive previous years, in the order? Q.10 How will the ...

Ans. In the present provisions, in the case of Unit Linked Insurance Policy, even where payable premium exceeded 10 percent of the sum assured, the sum received on redemption was not being charged to ...

➣ With the Finance Bill 2025, the Retail schemes and Exchange Traded Funds (ETFs) that are regulated under the IFSCA (Fund Management) Regulations, 2022 have also been added to the definition of ...