📕 BUDGET 2025 - Whether applicable to CMA Exams 2025? Major Amendments in DT + IDT | Nikkhil Sir

Описание: 🚀 Budget 2025: Major Amendments Unveiled! 🚀

🎙️ In this session, Nikkhil Sir will break down the game-changing amendments introduced in Budget 2025. Get ready for an insightful discussion!

🔹 DIRECT TAX PROPOSALS 🔹
📌 Personal Income Tax Slabs:
No changes in the ‘old tax regime’ slab rates.
Big news for the ‘new tax regime’—proposed revisions in slab rates!

📌 Higher Rebate under Section 87A:
The rebate threshold is set to rise from ₹7,00,000 to ₹12,00,000—a significant relief for taxpayers!

📌 TDS & TCS Rationalization:
TCS on the sale of goods? Gone!
Key threshold limits for TDS/TCS get a boost!

📌 Amalgamation & Loss Carry Forward:
Stricter rules for carrying forward accumulated losses and unabsorbed depreciation in mergers or reorganizations.
The successor entity can only carry forward these losses for up to 8 AYs from the original computation year.

📌 Updated Returns—More Time to File!
The window for filing updated returns under Section 139(8A) extends from 24 months to 48 months from the relevant AY!

📌 Clarification on Significant Economic Presence (SEP):
Export-related transactions of non-residents won’t be covered under SEP provisions—a key relief for global businesses!

🔹 INDIRECT TAX PROPOSALS 🔹
📌 Retrospective ITC Amendment in Section 17(5)(d):
The Supreme Court ruling in Safari Retreats Pvt Ltd gets neutralized!
ITC on inputs used for building construction? BLOCKED. The term “plant or machinery” now explicitly means “plant and machinery.”

📌 Vouchers—A Category of Their Own!
The time-of-supply provisions for vouchers have been omitted.
Why? Because vouchers are neither goods nor services—a whole new tax perspective!

📌 Invoice Management System & ITC Reversal:

A new legal framework has been introduced for implementing the Invoice Management System.
Mandatory ITC reversal: Registered recipients must reverse input tax credit (ITC) for suppliers to claim a reduction in output liability when issuing credit notes.
📌 Pre-Deposit for Appeals:

New pre-deposit requirement introduced for filing appeals before the appellate authority and tribunal in cases involving only penalty demands.
📌 SEZ & Free Trade Warehousing Zones – GST Impact:

Supply of goods warehoused in SEZ or FTWZ to any person before clearance for export or to the domestic tariff area will not be treated as a supply.
No GST refund if tax has already been paid.

📢 CUSTOMS LAW HIGHLIGHTS 📢

📌 Simplification of Tariff Structure:
Seven tariff rates removed—only eight tariff rates remain, including zero duty.

📌 Life-Saving Drug Exemptions:
36 life-saving drugs exempted from Basic Customs Duty (BCD).
6 additional life-saving drugs to attract a concessional BCD rate.
Bulk drugs used in manufacturing these medicines also qualify for exemptions/concessions.

📌 Social Welfare Surcharge Exemptions: SWS exemption granted on 82 tariff line items previously subject to cess.

🔥 Join the session to dive deep into these crucial changes and their impact on taxpayers! 🔥

👇 CMA Exam June 2025 Strategy
🔗    • *SECRET REVEALED* YOU DO NOT NEED TO STUDY...  

Playlist useful for CMA Inter students:

CMA Intermediate -

👇 CMA Intermediate - Audit (Paper 12B)
🔗    • Плейлист  
👇 CMA Intermediate Direct Taxation (Paper 7)
🔗    • CMA Intermediate - Direct \ Indirect Taxat...  
👇 CMA Intermediate Group 1 Revision
🔗   • Плейлист  

CMA Final -

👇 CMA Final Cost & Management Audit (Paper 19)
🔗    • Плейлист  
👇 CMA Final SPM & BVM (Paper 20)
🔗    • CMA Final - SPM/BVM (Paper 20)  
👇 CMA Final Direct Taxation & International Taxation (Paper 16)
🔗    • CMA FINAL - Direct Taxation (Paper 16)  

CMA Motivation & Career-Related Guidance -

👇 CMA Motivation & Inspirational by Nikkhil Gupta
🔗    • CMA Motivation & Inspiration - CA CS CMA N...  
👇 CMA Career Related Guidance
🔗    • CMA - Career Related Guidance  

All the best and happy studying

Let's get in touch 📱
Email - [email protected]
Website - https://www.cacscmanikkhilgupta.com/
Telegram - https://t.me/joinchat/EMSiC1jGIBvaiyd...
Instagram -   / nikkhil6256  
LinkedIn -   / nikhil-gu.  .
Amazon link to the books of CMA 2016 Syllabus - Paper 3, 12B, 19 and 20
Law and Ethics (Paper 3) - https://www.amazon.in/dp/B08HSC8GYH?r...

Audit (Paper 12B) -    • Плейлист  

Cost And Management Audit (Paper 19) -    • Плейлист  
BVM / SPM (Paper 20) -    • CMA Final - SPM/BVM (Paper 20)  

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