🚀 Union Budget 2025 – Key Taxation Insights: The Union Budget 2025 brings significant Income Tax & GST reforms, impacting individuals, businesses, and the economy. Some of the major highlights include: 🔹 Revision in the limits for MSMEs. 🔹 New Income Tax bill to be proposed in this week on the table of the House. 🔹 Income Tax Updates ✅ Changes in tax slabs & rebates under the new tax regime - Relief to Middle Class persons ✅ Extended time limits for filing updated returns ✅ Revised TDS/TCS provisions for better compliance ✅ Change in set off and carry forward provisions in case of Amalgamations / Merger ✅ Proposal aiming at Charitable Institutions and Trust ✅ Introduction of Block Concept in case of Transfer Pricing Provisions ✅ Proposals aiming at reducing the litigations ✅ Proposals aiming at Start Up and IFSC ✅ Many more.. 🔹 GST ✅ ITC distribution updates for ISDs ✅ Introduction of track & trace mechanisms for supply chains ✅ "Plant or Machinery vs. "Plant and Machinery ✅ Additional Burden in case of issuance of credit note for reduction of outward supply tax liability. ✅ Change in Pre-Deposit criteria for order levying Penalty without levying tax. ✅ Change in Schedule III of the GST law. ✅ Many more.. This budget sets the stage for growth, compliance simplification, and digital transformation in taxation. 📌 Stay informed—download the full report or connect with us to discuss the key takeaways. The complete presentation can be accessed at https://shorturl.at/g8fKx