Budget 2025 may revise income tax slabs under Section 115BAC to ease middle-class burdens
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HUF taxation reforms under Section 64 are likely to simplify family income disclosures
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Budget talks hint at new rules for digital asset taxation under Section 194S
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Tax deductions under Section 80C may be expanded to boost savings and investments
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Startups may gain additional tax holidays under Section 80-IAC for entrepreneurship promotion
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Income tax compliance deadlines may be shortened to align with global best practices
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Non-compliance under IT provisions attracts fines under Section 271F of the Income Tax Act
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Tax evasion cases in India are prosecuted under Section 276C of the IT Act
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Budget updates impact international tax treaties governed by DTAA laws
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Taxpayer rights and duties are legally codified under the Taxpayers' Charter in the IT Act.
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Recent Supreme Court rulings emphasize fair assessments and minimize harassment
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