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Finance Minister Nirmala Sitharaman unveiled new MSMEs classification criteria in Budget 2025, in an effort to bring more businesses into the MSME sector.

Union Budget 2025: FM Enhances MSME Classification; New Scheme for Startups

The Union Budget 2025 presented in the parliament today by Finance Minister Nirmala Sitharaman brought major changes in direct taxation.

Union Budget 2025: Time Limit to file Updated Return extended

Budget 2025 has brought major change in Income Tax slabs for Personal Taxation. The New Regime Slabs applicable for FY2025-26 has been revised.

Income Tax Slabs after Budget 2025: Changes in New Tax Regime, New vs Old Tax Regime

Sec 206AB and 206CCA requires tax deduction at higher rate when deductee/collectee specified as a non-filer of ITR. To address this issue, it is proposed to omit these Sections.

Budget 2025: Removal of higher TDS/TCS for non-filers of ITR

Budget 2025: Removal of higher TDS/TCS for Non-filers of ITR

It is provided that section 206C(1H) of the Act will not apply, if the buyer is liable to deduct TDS under any other provision of this Act on the goods purchased from the seller and has deducted such amount.

Section 206C(1H): TCS on Sale of Goods abolished by Budget 2025

The Union Budget 2025-26 presented by the Finance Minister today in the parliament. This Budget brought major changes in Direct taxation.

Rebate Limit enhanced to Rs.60000 under New Tax Regime

Union Budget 2025: Rebate Limit enhanced to Rs.60000 under New Tax Regime

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