Taxation

Comprehensive Guide to Important Taxation Updates in Union Budget 2024

Difference between old and new regime under Income Tax

The new tax regime was first announced in Budget 2020, and this year, in Budget 2023, several changes were announced.

Rajya Sabha passes Tax Amendment Bill; Retrospective Tax clause scrapped

The approval came after Finance Minister Nirmala Sitharaman tabled the Taxation Laws Amendment Bill in Lok Sabha on August 5.

Government introduces the new GSTR-2B for filing GST returns

The government is now launching GSTR 2B Form under the current GST return filing system as an advancement or upgrade in the existing system.