Finance Act (No. 2) 2024 receives assent of the President, gets notified.
The Finance Act (No. 2) 2024 has been notified by the Ministry of Law and Justice. The Finance Act (No. 2) of 2024 received the assent of the President on 16th August 2024.
The Finance (No. 2) Bill 2024 Bill No. 55 of 2024 was presented in Lok Sabha as a part of Union Budget 2024-25 on 22nd July 2024 and was passed by the Lok Sabha on 7th August 2024.
The income tax provisions shall be deemed to have come into force on the 1st day of April, 2024. Whereas provisions related to GST shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Download PDF copy of Finance Act (No. 2) of 2024 >>
- AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT
- Shareholders can’t be taxed for income from properties owned by the company – HC
- Jurisdictional error in reassessment approval can’t be shielded by the law of limitation
- ITAT ought to remanded whole matter of bogus purchases instead of profit determination
- Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A
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