Union Budget 2025 – A synopsis about the tax and compliance reforms

By: Priyanka Jain - 6th February, 2025


Tax Rates: The budget has proposed new tax rates and slabs under the new tax regime, which are:

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Tax Collection at Source on Outbound Foreign Remittances

By: Priyanka Jain - 9th January, 2025


Section 206C(1G) of the Income Tax Act deals with the TCS on foreign remittances and the sale of overseas tour packages.

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Income Tax Clearance Certificate for travel outside India

By: Gauri Sham Deshpande - 27th August, 2024


Recently, there have been a lot of questions regarding obtaining ITCC (Income tax clearance certificate) travel outside India. Let us review this in detail.

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Union Budget 2024

By: Mr. Prasanna Ravikant Bhat - 24th July, 2024


The new tax regime will continue to be the default tax regime. However, the assessee can still avail benefits under old tax regime on opt-out basis as per the Law.

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Interim Budget 2024

By: Mr. Prasanna Ravikant Bhat - 5th February, 2024


There are no changes in direct and indirect tax rates. The interim budget proposes to withdraw outstanding disputed direct tax demands up to Rs.25,000 pertaining to the period up to F.Y 2009-10 and up to Rs.10,000 for F.Y 2010-11 to 2014-15.

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