JMA & Co. Chartered Accountants

JMA & Co. Chartered Accountants Chartered Accountant

Memorandum explaining the provisions in the finance bill, 2025 http://www.cajma.co.in/docs/pdf/FinanceBill2025Memo.pdf
03/02/2025

Memorandum explaining the provisions in the finance bill, 2025http://www.cajma.co.in/docs/pdf/FinanceBill2025Memo.pdf

Income Tax Budget 2025: Kisan Credit Card loan limit will increase to ₹5 lakh Income Tax Budget 2025 LIVE: Presenting th...
01/02/2025

Income Tax Budget 2025: Kisan Credit Card loan limit will increase to ₹5 lakh


Income Tax Budget 2025 LIVE: Presenting the Union Budget 2025, Finance Minister Nirmala Sitharaman said the Kisan Credit Card loan limit will be increased to ₹5 lakh from the current limit of ₹3 lakh.

Income Tax Budget 2025 : New Income Tax Bill next week, says FM SitharamanFinance Minister Nirmala Sitharaman announced ...
01/02/2025

Income Tax Budget 2025 : New Income Tax Bill next week, says FM Sitharaman
Finance Minister Nirmala Sitharaman announced the new Income Tax during the Budget speech.

Income tax Budget 2025: Rationalising TDS / TCS - Limit for tax deduction on interest for senior citizens to be doubled ...
01/02/2025

Income tax Budget 2025: Rationalising TDS / TCS


- Limit for tax deduction on interest for senior citizens to be doubled from ₹50,000 to ₹1 lakh

- Annual limit for TDS on rent to be increased from ₹2.40 lakh to ₹6 lakh

-Threshold to collect tax at source on remittances under RBI’s Liberalized Remittance Scheme to be raised from ₹7 lakh to ₹10 lakh

Income tax Budget 2025: Compliance burden for small charitable trusts & institutions to be reduced, by increasing their ...
01/02/2025

Income tax Budget 2025: Compliance burden for small charitable trusts & institutions to be reduced, by increasing their registration period from 5 years to 10 years

Taxpayers to be allowed to claim annual value of two self-occupied properties as nil without any condition.

Income tax Budget 2025: Modified income tax time limit raised from two years to four yearsModified income tax time limit...
01/02/2025

Income tax Budget 2025: Modified income tax time limit raised from two years to four years
Modified income tax time limit raised from two years to four years

Income tax Budget 2025: Zero Income Tax till ₹12 Lakh Income under New Tax Regime -Slabs and rates being changed across ...
01/02/2025

Income tax Budget 2025: Zero Income Tax till ₹12 Lakh Income under New Tax Regime


-Slabs and rates being changed across the board to benefit all tax-payers

-New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment

-‘Nil tax’ slab up to ₹12.00 lakh ( ₹12.75 lakh for salaried tax payers with standard deduction of ₹75,000)

Income Tax Budget 2025: On the introduction of the new Income Tax BillOn introducing the new Income Tax Bill, Sandeep Ch...
01/02/2025

Income Tax Budget 2025: On the introduction of the new Income Tax Bill
On introducing the new Income Tax Bill, Sandeep Chilana, Managing Partner, CCLaw, says – “A complete overhaul of the Income Tax Act is a bold step, but the real question is whether it will truly simplify compliance or just reorganize complexities. If the new law can bring predictability, reduce disputes, and ease tax administration, it will be a game-changer. However, businesses and professionals will be watching closely to see how it handles legacy issues like retrospective taxation, complex exemptions, and litigation-heavy provisions. The success of this reform will depend on how effectively it balances revenue needs with a taxpayer-friendly approach."

Income Tax Slabs Budget 2025: A 20 pc income tax will be levied on income between ₹16-20 lakh, 25 pc on ₹20-24 lakh and ...
01/02/2025

Income Tax Slabs Budget 2025: A 20 pc income tax will be levied on income between ₹16-20 lakh, 25 pc on ₹20-24 lakh and 30 pc above ₹24 lakh.

Income Tax Budget 2025: Govt to introduce new I-T bill in Parl next weekThe government will introduce a new Income Tax b...
01/02/2025

Income Tax Budget 2025: Govt to introduce new I-T bill in Parl next week
The government will introduce a new Income Tax bill next week to take forward the "trust first, scrutinise later" concept, Finance Minister Nirmala Sitharaman said on Saturday.

The bill is expected to simplify the current Income Tax (I-T) law and make it easier to comprehend.

Income Tax Budget 2025: Govt to raise insurance FDI to 100 pc In another major reform move, the minister announced that ...
01/02/2025

Income Tax Budget 2025: Govt to raise insurance FDI to 100 pc


In another major reform move, the minister announced that the Foreign Direct Investment (FDI) in the insurance sector will be increased to 100 per cent from 74 per cent.

Presenting the Budget for 2025-26, Sitharaman said that over the past 10 years, the government has implemented several reforms for the convenience of taxpayers, including faceless assessment.

Sitharaman also mentioned the government coming out with taxpayers' charter, faster returns process and almost 99 per cent of the income returns being on self-assessment.

Address

SCO 306-308, Maple Hill Plaza, Block-A, Near Apple Mandi, Kamlanagar, Sanjauli
Shimla
171006

Opening Hours

Monday 10am - 7pm
Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 7pm

Telephone

+919459033000

Website

Alerts

Be the first to know and let us send you an email when JMA & Co. Chartered Accountants posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to JMA & Co. Chartered Accountants:

Shortcuts

Share

Category