Budget 2025 proposes Decriminalisation of Delayed TCS Payments
The Union Finance Minister, Nirmala Sitharaman, presented the Union Budget of 2025 before the parliament today at 11 pm. During the budget speech for...
![[BREAKING] Union Budget 2025: FM proposes Extended Updated Income Tax Return ITR-U Time Limits](https://www.taxscan.in/wp-content/uploads/2025/02/FM-Income-Tax-Return-ITR-U-Nirmala-Sitharaman-Budget-2025-India-Income-tax-changes-2025-Impact-of-Budget-2025-Budget-2025-Highlights-Budget-2025-Updates-Finance-Minister-Budget-speech-2025-Taxscan.jpg "[BREAKING] Union Budget 2025: FM proposes Extended Updated Income Tax Return ITR-U Time Limits")
![Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/Finance-Minister-Deduction-of-Income-Tax-Credit-Guarantee-Fund-Trust-Taxscan.jpg "Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]")
Income Tax Act Revamp: Finance Ministry receives 6,500 Suggestions through Portal within 1 month, here’re the Suggestions we Received
The Finance Ministry has said that it received 6,500 suggestions through the income tax portant with regards to the revamp of income tax act. The ministry opened the portal for suggestions on October...
Finance Ministry adds New Tariff item under 'MINERAL PRODUCTS' in Central Excise Act [Read Notification]
The Ministry of Finance, specifically the Department of Revenue has issued Notification No. 26/2024-Central Excise, dated October 24, 2024. This notification has been released under the authority...
Finance Ministry Declares Joint Liability Group Micro Enterprises as Eligible Borrowers under Credit Guarantee Fund Scheme [Read Notification]
The Finance Ministry has announced amendments to the Credit Guarantee Fund Scheme for Micro Units ( CGFMU ) through a partial modification of previous notifications, bringing updates to support...
Finance Ministry issues Clarification w.r.t scope of “as is / as is, where is basis” mentioned in GST Circulars [Read Circular]
The Ministry of Finance has issued a circular to clarify the use of the terms "as is" and "as is, where is basis" in the context of Goods and Services Tax (GST) circulars. This clarification was...
![Finance Ministry issues Clarification w.r.t scope of “as is / as is, where is basis” mentioned in GST Circulars [Read Circular]](https://www.taxscan.in/wp-content/uploads/2024/10/Finance-Ministry-Clarification-GST-Circulars-taxscan.jpg "Finance Ministry issues Clarification w.r.t scope of “as is / as is, where is basis” mentioned in GST Circulars [Read Circular]")
CBDT Forms Internal Committee for Income-Tax Act Review, Launches Web Page for Public Suggestions on E-Portal
As announced by the Union Finance Minister In the Union Budget 2024-25, the Central Board of Direct Taxes ( CBDT ) has formed an internal committee to review the Income Tax Act, 1961. The...
