14 Views(Author can be reached at [email protected]) DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose and for the reader’s personal non-commercial use. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates […]
BUDGET 2023 & INCOME TAX PROVISIONS
74 ViewsABSTRACT : The Budget – 2023 has come up with a plethora of changes proposed in the field of Direct Taxes. Proposed changes cover Income Tax & TDS both. Besides extending tax rebate up to Rs.7.00 lakhs under new regime, it effects the assesses who are taxed under the heads, Salary, Business & Profession, […]
Young salary earners enthusiastic after tax rebate, says PM Narendra Modi
52 ViewsPrime Minister Narendra Modi on Monday said there was a lot of enthusiasm in the middle-class after the union government slashed the income tax to nil for annual incomes up to Rs 7 lakh in the Union Budger 2023. Youth below 30 years of age and with new jobs as well as those with […]
Opt new tax regime if deduction, exemption claims less than Rs 3.75 lakh: Official
89 ViewsA taxpayer whose deductions and exemption claims are less than Rs 3.75 lakh annually would be advised to opt for the new income tax regime and pay less tax than they gave in the old regime, a senior finance ministry officer said Wednesday. The Income Tax Department has arrived at the figure after making […]
Union Budget proposes changes to Income Tax search and seizure provisions
48 ViewsThe Union Budget 2023-24 has proposed certain changes to the Income Tax search and seizure provisions in view of the increased use of technology and digitisation in the management and maintenance of accounts, digitisation of data, cloud storage and other associated aspects. Section 132 of the Income-Tax Act pertains to the procedure for the […]
Budget 2023: Gaming industry welcomes TDS change, awaits clarity on GST
50 ViewsIn the Budget 2023, Finance Minister Nirmala Sitharaman announced a 30 per cent tax on the “net winnings” from online games. Clarifying the taxation policy further, she announced the removal of the minimum threshold limit of Rs 10,000 for calculating the tax deducted at source (TDS). The 30 per cent tax will have to […]
PROPOSALS IN GST (FINANCE BILL, 2023)
GIST of Amendments (category wise) proposed in GST Budget vide Finance Bill, 2023 is presented in the PPT
Clause-Wise Analysis of Finance Bill 2023
75 ViewsThe Finance Budget 2023-24 was delivered by the Hon’ble Finance Minister on 01.02.2023. Certain changes were brought in Direct and Indirect Taxation. SAAAS & Co. LLP, Chartered Accountants has done thorough analysis of the amendments clause by clause and have presented the same in the PPT.
Highlights on Proposed GST Amendments in Finance Bill 2023
List o amendments made in GST law is listed down section wise with brief comment about the change.
Notification No.02 to 12-2023-Customs-01.02.2023 issued in the Budget 2023
Notification No.02 to 12-2023-Customs-01.02.2023 issued in the Budget 2023