Darsh CA Classes (DCC)

Name Changed Update. Earlier Name - WisdomCA Current Name - Darsh CA Classes (DCC)

🚨Budget Analysis All Income Tax Changes ➡️STT increased on futures & options 🔸Futures - 0.02% to 0.05% 🔸Option premiums - 0.10% to 0.15% 🔸Option exercise - 0.125% to 0.15%. ➡️ITR filing timelines staggered 🔸ITR-1 & ITR-2: 31 July 🔸Non-audit business / trusts: 31 August ➡️Revised return deadline extended up to 31 March ➡️MAT to become final tax from 1 April 2026 🔸Rate reduced from 15% → 14% 🔸Existing MAT credit allowed in limited manner ➡️MAT credit usable only under new tax regime ➡️MAT exemption for non-residents taxed on presumptive basis ➡️Buyback taxation shifted to Capital Gains for all shareholders 🔸Additional tax for promoters (22% corporate / 30% non-corporate) ➡️One-time 6-month foreign asset disclosure scheme: 🔸Category A (undisclosed income/asset ≤ ₹1 Cr): ✅Pay 30% tax + 30% additional tax → immunity prosecution 🔸Category B (asset disclosed but not reported ≤ ₹5 Cr = Pay ₹1 lakh fee → full immunity ➡️MACT interest fully tax-exempt; no TDS ➡️TCS on overseas tour reduced to 2% (from 5%) ➡️TCS - LRS for education & medical reduced to 2% ➡️TCS on liquor, scrap, minerals & tendu leaves reduced to 2% ➡️Manpower services (as contractor → TDS @ 1% / 2% ➡️No TAN for TDS on NRI property purchase ➡️Single combined order for assessment + penalty ➡️No interest on penalty amount during appeal ➡️Pre-deposit reduced from 20% to 10% ➡️Updated return allowed even after reassessment, with extra 10% tax ➡️Immunity framework extended to misreporting (with 100% additional tax) ➡️Decriminalisation of minor offences (books not produced, TDS in kind, etc.) ➡️Max imprisonment reduced to 2 years, courts can levy fine instead ➡️Retrospective immunity for small undisclosed foreign assets (< ₹20 lakh) ➡️Tax holiday till 2047 for foreign cloud companies ➡️Automated lower / nil TDS certificate for small taxpayers ➡️15G / 15H submitted once for multiple companies ➡️Deduction extended to cattle feed & cotton seed ➡️Inter-cooperative dividends deductible if passed to members ➡️3-year dividend exemption for notified national cooperative federations ➡️Safe harbour 15% for related-party data centre services ➡️2% profit margin safe harbour for bonded warehouse component storage ➡️5-year tax exemption for non-residents supplying tools to toll manufacturers ➡️5-year exemption on foreign income of non-resident experts.