No deduction Under section 194C or 194J towards ayments to artists participating as guests or judges in reality shows hosted by taxpayer

Section 269SU: Landmark Change by the Union Budget – 2019

Various provisions to be amended to recognize various digital mode as acceptable under the Income Tax Act -1961

Definition of "affordable housing" for deduction u/s 80-IBA aligned with the definition under GST Act

Demonetization Special: Cash deposited out of stridhan cannot be treated as income

Key Tax Proposals in Union Budget – 2019

Mumbai ITAT : 6 years in Sec. 153C is calculated from the date of recording of satisfaction/ date of handing over records and NOT from the date of conclusion of search.

Controversy in newly proposed section 194M – Issue to be resolved before it becomes Act

Interesting case : Taxability of lease premium received for 99 years

Person paying electricity bill exceeding Rs. 1 Lakh in a year will be required to file income tax return

Income Tax Raid on Income Tax Commissioner

Amending Invoices reported in Form GSTR 1, pertaining to financial year 2017-18

Payment towards amenities like club membership fee, car parking fee, electricity and water etc at the time of purchase of immovable property

Now, gift received by NRI non relative will be taxable in India

Budget – 2019 Special: CA Naresh Jakhotia Additional benefit of Rs. 1.50 Lakh towards housing loan is like an apple you can’t eat

Importance of Aadhar Widened

Government doing everything to give taxpayer pre filled income tax return – Extracting all the information through Statement of Financial Transactions (SFT)

Now additional tax benefit to salaried and other taxpayers on purchase of electric car