The Commerce Section

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7 months ago | [YT] | 3

The Commerce Section

Here is a breakdown of tax increases and decreases in the Budget 2025-26:

📉 Tax Decreases (Relief Measures)

1️⃣ Personal Income Tax Reduction
✅ New tax slabs for individuals (New Regime)
No tax up to ₹12 lakh (₹12.75 lakh for salaried taxpayers after deductions).
New Tax Slabs:₹0-4 lakh → 0%
₹4-8 lakh → 5%
₹8-12 lakh → 10%
₹12-16 lakh → 15%
₹16-20 lakh → 20%
₹20-24 lakh → 25%
Above ₹24 lakh → 30%

📝 Impact: Significant tax savings for the middle class.

✅ TDS & TCS Reductions
Section 194LBC (Income from securitization trust)Before: 25% (Individual/HUF) & 30% (Others)
Now: Reduced to 10%

Timber & Forest Produce TCS reduced from 2.5% to 2%.

Liberalized Remittance Scheme (LRS) TCS on education loans removed.

✅ Corporate & Business Tax Benefits
Presumptive Taxation for Electronics Manufacturing: A simplified tax regime introduced for foreign companies supporting electronics manufacturing.

Tonnage Tax for Inland Vessels: Now available for inland ships, reducing their tax burden.

Startups (Section 80-IAC):Tax benefits extended for startups incorporated before April 1, 2030.

Investment Date Extension for Sovereign & Pension Funds: Extended to March 31, 2030 for investments in infrastructure.

✅ Customs Duty Reductions
Leather Export Duty (Crust Leather - Hides & Skins) removed (was 20%).

Lab-Grown Diamond Seed Imports: Import duty exemption continued.

Export of Handicrafts: Duty-free export time increased from 6 months to 1 year.

✅ Crypto & Digital Asset Compliance Simplified
Reporting for Virtual Digital Assets (VDA) (Crypto transactions) has been clarified to remove tax ambiguity.

✅ Charitable Trusts & Institutions
Registration period extended from 5 years to 10 years for small charitable institutions, reducing compliance costs.

📈 Tax Increases (New Burdens)
1️⃣ Customs & Import Duty Increases
❌ Textile Sector
Import duty on knitted fabrics increased to 20% or ₹115/kg, whichever is higher.

❌ Electronics & Consumer Goods
Interactive Flat Panel Display import duty increased from 10% to 20%.
Import Duty on High-End Watches & Luxury Goods Increased (exact percentage not specified in budget speech).

❌ Personal Use Imports (Luggage & Baggage)
BCD (Basic Customs Duty) on baggage items remains high at 35%.

2️⃣ Capital Gains Tax & Securities Taxation
❌ Tax Parity for Non-Residents on Securities Transfer

Non-residents will now be taxed at the same capital gains rate as residents, removing previous tax advantages.

3️⃣ Indirect Tax & Trade Restrictions

❌ Compliance Burden for Crypto Holders
Mandatory reporting for crypto-asset transactions in certain cases.
📌 Key Takeaways
✅ Who Benefits from Tax Reductions?
Middle-Class Earners: No tax up to ₹12 lakh.

MSMEs & Startups: Lower tax on businesses & electronic manufacturers.

Exporters: Lower duties on leather, lab-grown diamonds, and handicrafts.

❌ Who Faces Higher Taxes?
Luxury Imports: Higher taxes on watches, electronics, and textiles.

Non-Resident Investors: Equal capital gains tax treatment for foreign vs domestic investors.

📊More tax relief for individuals & businesses, but higher import duties on luxury goods & select electronics.

1 year ago | [YT] | 5

The Commerce Section

🚨 IMPORTANT UPDATE FOR BA Hons. English & BBA 🚨

🔗APPLICABILITY: Undergraduate Courses

📌NOTIFICATION DATE: 26/01/2025

📌 OPERATIVE PART: Dispatch of Hard Copy of study material via India Post

📝WHAT YOU NEED TO DO: Check whether your address on SOL website is correct? If not change to correct address, Refer Video for more information.

🎥 RELEVANT VIDEO: https://youtu.be/25FDNxLdtn0

🔗 NOTIFICATION LINK: web.sol.du.ac.in/info/slm-distribution-list



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REGARDS,
@TheCommerceSection

1 year ago | [YT] | 1

The Commerce Section

Dear Student,

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1 year ago | [YT] | 0

The Commerce Section

कहानी ख़त्म हुई और ऐसी ख़त्म हुई
कि लोग रोने लगे तालियाँ बजाते हुए !!
विनम्र श्रद्धांजलि।
Sir Ratan Tata 💔

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1 year ago | [YT] | 6

The Commerce Section

A wise man had once said "SEBI ka number aayega".
#HindenbergReport

1 year ago | [YT] | 2

The Commerce Section

CAT 2024 exam date is November 24, 2024. the exam will be held in three shifts in over 130 cities across India. The official CAT 2024 notification has been released today (July 28, 2024), 2024 at the IIMCAT website. The offiicial notification will contain CAT 2024 dates, fees, eligibility, courses and other details. CAT 2024 application process will commence from August 1, 2024. Aspirants will have to fill the online application form and pay the requisite fee before the deadline to be eligible to appear for the CAT 2024 exam. This year, CAT will be conducted by IIM Calcutta.

Over two lakh candidates apply for the CAT exam every year. In CAT 2023, applications touched the record high of 3.30 lakh. Candidates who clear the CAT exam are eligible for admission to over 1200 MBA colleges in India, apart from the IIMs.

#CAT Eligibility Criteria 2024

There is no change in CAT 2024 eligibility criteria. The minimum academic requirement to appear in CAT exam is graduation in any stream from a recognised university. Read below detailed CAT eligibility criteria:

1) Candidates must possess a bachelor's degree with minimum 50 per cent aggregate or equivalent CGPA (45 per cent aggregate for SC, ST and PWD/DA category) to appear in CAT 2024.
2) Candidates who have completed a professional degree (CA/CS/ICWA/FCAI) with the required percentage can also appear for CAT.
3) Candidates appearing for the final year of bachelor's degree/equivalent qualification or awaiting the result are also eligible to appear for CAT 2024 exam. However, the aggregate of their first and second year marks must meet the minimum score requirement.
4) The education mode of the bachelor's degree can be regular or distance learning, but should be a 3-year programme.

1 year ago | [YT] | 4