Search Results for Tag : Tax Regime

News

#Union Budget 2020-2021: Simplied Personal Income Tax Regime Introduced(01.02.2020)

Central Government has introduced a new simplified personal income tax regime. The same is as follows (i)Individual to pay tax 10% for income Rs. 5 to.....

Tags : Union Budget, Personal Income Tax Regime

#Union Budget 2022-2023: Overview of Changes in the Direct Tax Regime(01.02.2022)

Union Budget proposes to cap surcharge of AOPs at 15%. Long term capital gains on listed equity share units liable to surcharge of 15%. Further, the F.....

Tags : Union Budget, Direct Tax Regime

Finance Minister Nirmala Sitharaman Announces Union Budget 2024(23.07.2024)

Few highlights from the Union budget have been mentioned below: 1. Revisions made in the new tax regime 2. Corporate Tax On Foreign Companies reduc.....

Tags : Union Budget 2024, Corporate Tax, New Tax Regime

Notifications & Circulars

FAQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-25(24.07.2024)

Q1. What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024?

Ans. The taxation of capita.....

Tags : Capital Gains, FAQs, Tax Regime