Finance Bill 2023: Lok Sabha Okays The Bill With 64 Official Amendments
As per the amendments proposed in the Finance Bill 2023,Lok Sabha on Friday, benches of the GST Appellate Tribunal would…
Category: Budget Articles
Final stage of Union Budget 2023-24 commences with Halwa Ceremony
The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North…
Finance Bill, 2022 passed in Lok Sabha
The Lok Sabha on March 25 passed the Finance Bill 2022, which gives effect to new taxation, thus completing the…
Government proposes amendments in Finance Bill
The proposed amendments include clarifications to proposals including those on disallowance of cess and surcharge as deductions and on virtual…
Budget 2022-23: Amendment in Section 68 of IT Act regarding Cash credits
Section 68 of the Act provides that where any sum is found to be credited in the books of an…
Union Budget 2022-23: All about new provision regarding updating of returns
The Finance Bill,2022 proposes to insert Sub section 8A to section 139 of the Income Tax Act, 1961 giving an…
Union Budget 2022-23: All about Scheme for taxation of virtual digital assets
Virtual digital assets have gained tremendous popularity in recent times and the volumes of trading in such digital assets has…
Amendments in CGST Act proposed by Finance Bill,2022
Clause 99 to 117 of the Finance Bill,2022 has proposed various Amendments to CGST Act,2017. These amendments can be implemented…
Union Budget 2022-23: Clarification on deduction on payment of interest only on actual payment
Section 43B of the Act provides for certain deductions to be allowed only on actual payment. Explanation 3C, 3CA and…
Union Budget , 2021: Amendment in GST Act(s) – At a Glance
Several amendments have been proposed to be made in the CGST Act, 2017 and IGST Act, 2017 by Clause 99…
Union Budget 2021: Direct Tax Proposals at a glance
The Direct tax proposals of the Union Budget, 2021 presented today by the Finance Minister are summarized below for ready…
Sitharaman replaces Swadeshi ‘bahi khata’ with tablet as Union Budget goes digital
With the Union Budget 2021 set to be delivered in paperless form for the first time , Finance Minister Nirmala…