Updates on Budget 2025

Mini Updates on Budget 2025

#38

Blog Explaining Clause by Clause changes in GST along with comparison of New vs Old Provision is published.

01.02.2025

#37

Blog Explaining Changes in Income Tax Act,1961 is published

01.02.2025

#36

Blog for Benefits for MSME is published

01.02.2025

#35

Blog explaining Changes in GST is published.

01.02.2025

#34

Blog Explaining Changes in TDS and TCS provisions is published

01.02.2025

#33

Reduced compliance for small charitable trusts/institutions
by increasing their period of registration from 5 years to 10
years.

Budget 2025

01.02.2025

#32

Extension of incorporation of Start ups for 5 years. Incorporated before 1.4.2030


Budget 2025

01.02.2025

#31

Rebate u/s 87A increased from Rs. 25,000 to Rs. 60,000 in new scheme.



Budget 2025

01.02.2025

#30

Slab Rates
0- 4l: NIL
4L-8L: 5%
8L-12L: 10%
12L-16L: 15%
16L-20L: 20%
20L-24L: 25%
>24L: 30%

Budget 2025

01.02.2025

#29

Proposal to value two self-occupied properties at nil
The proposal suggests that two self-occupied properties, instead of just one, can be valued at Nil for tax purposes.


Budget 2025

01.02.2025

#28

No Income Tax payable up to Rs 12 Lakh under new regime.

Rs 12.75 Lakh for salaried taxpayer.




Budget 2025

01.02.2025

#27

LRS limit increased from 7 lakhs to 10 lakhs. Thus no TCS upto 10 lakhs.

Budget 2025

01.02.2025

#26

Presumptive taxation scheme proposed for Non-residents providing services to residents

Budget 2025

01.02.2025

#25

Time Limit to file updated tax returns (ITR U) from 2 years to 4 years

Budget 2025

01.02.2025

#24

TCS on Goods purchase above Rs 50 lakhs to be removed.

Budget 2025

01.02.2025

#23

Remove TCS on education loans up to ₹10 lakh from specified financial institutions

Budget 2025

01.02.2025

#22

Annual limit on Rent TDS from Rs 2.4 lakhs to 6 lakhs

Budget 2025

01.02.2025

#21

TDS limit for Senior Citizen Interest Income increased from 50,000 to 1 lakh.

Budget 2025

01.02.2025

#20

Rationalized TDS and TCS provisions.

 

Budget 2025

01.02.2025

#19

Time limit of 2 years for Finalizing Provisional Assessment in Customs. Extension of 1 year 

Budget 2025

01.02.2025

#18

Personal Income Tax Act Reforms with Focus on Middle Class.

Budget 2025

01.02.2025

#17

Import of 35 additional capital goods for EV battery manufacturing would be exempt

Budget 2025

01.02.2025

#16

Time limit of 2 years for Finalizing Provisional Assessment in Customs. Extension of 1 year 

Budget 2025

01.02.2025

#15

Levy no more than one cess or surcharge. A social welfare surcharge will be exempted on 82 tariff lines.

Budget 2025

01.02.2025

#14

BCD on Flat Panel Display from 10% to 20%.

Budget 2025

01.02.2025

#13

36 live saving drugs and medicines fully exempted from basic customs duty

Budget 2025

01.02.2025

#12

Customs : Remove 7 tariff Rates. Only 8 tariff rates remain after this



Budget 2025

01.02.2025

#11

Simplify and streamline the customs tariff structure, addressing duty inversion and promoting domestic manufacturing, value addition, and exports.

Budget 2025

01.02.2025

#10

FDI Limit increased to 100% in Insurance Sectors.



Budget 2025

01.02.2025

#9

Customs : Remove 7 tariff Rates. Only 8 tariff rates remain after this

Budget 2025

01.02.2025

#8

Customs : Rationalize  of Custom tariff Structure

Budget 2025

01.02.2025

#7

FDI Limit increased to 100% in Insurance Sectors

Budget 2025

01.02.2025

#6

Scope for Fastrack Mergers to be expanded 

Budget 2025

01.02.2025

#5

New Income Tax Bill to be presented next week. Half the size of current act and rules

Budget 2025

01.02.2025

#4

EXPORTS: Unified Platform for Trade Documentation and Financing Solutions. This will Complement Unified Logistics Platform

Budget 2025

01.02.2025

#3

A new Fund of Funds with a corpus of Rs. 10,000 crore will be established to invest in start-ups. 

Budget 2025

01.02.2025

#2

Gig Workers – ID Cards Registration on E-shram Yojana for healthcare benefits

 

Budget 2025

01.02.2025

#1

Revised classification criteria for MSMEs—Investment limit increased to 2.5 times, while turnover limits to be 2 times.

Budget 2025

01.02.2025

#

Union Budget shall be presented on 1st February 2025 11 am onwards. Live and Mini Updates on tax proposals shall be provided on this page.

Budget 2025

31.01.2025

As per the provisions of The Chartered Accountants Act, 1949, and the regulations framed thereunder, we are prohibited from soliciting work or advertising. By clicking on the 'I Agree' button, the user acknowledges the following:

  1. There has been no advertisement, personal communication, solicitation, invitation, or inducement of any sort whatsoever from us to solicit or offer professional services through this website.
  2. The user is accessing this website for their own information and use, and not in response to any form of solicitation or inducement.
  3. The user acknowledges that they are not being directly or indirectly offered any professional services through this website.

Scroll to Top