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April 2025

Learning Events at BCAS

By Kinjal Shah | Kinjal bhuta, Hon. Jt. Secretaries
Reading Time 8 mins
1. Suburban Study Circle Meeting on “Navigating the New Income Tax Bill, TDS, Deductions & Critical Provisions” on Thursday, 13th March, 2025 and at C/o SHBA & Co. LLP, Andheri (E), Mumbai.

Suburban Study Circle Meeting on “Navigating the New Income Tax Bill, TDS, Deductions & Critical Provisions”, was led by CA Upamanyu Manjrekar & CA SnehalMayacharya, where they delved into critical amendments in the Income Tax framework, with a focus on TDS, deductions, and key provisions. The discussion highlighted changes in terminology, procedural updates, and practical implications for businesses and professionals.

Key changes discussed included:

  • Modifications in Income Tax Bill Wording – Minor yet impactful changes in phraseology, altering interpretation and compliance requirements.
  • TDS Revisions – Updates on applicability, rates, and compliance, including sector-specific changes.
  • Procedural & Compliance Changes – New filing requirements, reporting obligations, and penalty structures.
  • Impact on Business & Professionals – Discussion on how the amendments affect different taxpayer categories.
  • Group Interpretation &a