Disallowance under section 14A towards Expenditure against exempt income if no exempt dividend income earned by assessee

Incentive to National Pension System (NPS) subscribers

Exemption of interest income of a non-resident arising from borrowings by way of issue of Rupee Denominated Bonds referred to under section 194LC

Relaxation in conditions of special taxation regime for offshore funds

Non-Banking Finance Companies (NBFCs) are getting at par with bank – Section 43B & 43D to be amended

Plethora of Incentives to International Financial Services Centre (IFSC):

Supply of lodging service along with other services by boarding house to be treated as ‘mixed supplies

NRI status under scanner of Income Tax Department

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