A Welcome move by CBDT:
Knowledge sharing series by CBDT on Budget 2022
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The Blogs
Budget 2022-23 thoughtful policy agenda for India: IMF chief Georgieva
Budget 2022-23 thoughtful policy agenda for India: IMF chief Georgieva
The Union budget presented by Finance Minister Nirmala Sitharaman recently is a very thoughtful policy agenda for India, International Monetary Fund, Managing Director, Kristalina Georgieva said.
We have been projecting a ...
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Union Budget 2022-23- Proposed Changes relating to Income Tax Search and Seizure Provisions
Union Budget 2022-23- Proposed Changes relating to Income Tax Search and Seizure Provisions
Author
CA.Mohit Gupta
Introduction:-
The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2022-23 of India on the 1st of February, 2022 with an aim ...
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Insurance Sectors employee, Company’s dealer etc to be worst affected by TDS U/s 194R: CA Naresh Jakhotia
Insurance Sectors employee, Company's dealer etc to be worst affected by TDS U/s 194R: CA Naresh Jakhotia
Union Budget - 2022 has proposed to add Section 194R to provide for TDS on benefits & Perquisite.
This is surely going to plug the revenue ...
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Key Income Tax Proposals in Union Budget -2022
Key Income Tax Proposals in
Union Budget -2022
Though no major announcements or tax reliefs were offered to the taxpayers by Union Budget-2022, there were few significant amendments which are proposed in the Income Tax Law. Here are some of ...
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Budget 2022 – Direct Tax
Budget 2022 - Direct Tax
1. Surcharge reduced on Long Term Capital Gains
- Surcharge on Long Term Capital Gains on any assets & Short Term Capital Gain on equity shares or units of equity oriented MF to be capped at ...
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Extension of Tax benefit by Finance Bill – 2022: An overview
Extension of Tax benefit by Finance Bill – 2022: An overview
Tax benefit has been extended for one more year for provision realted to section 115BAB & Section 80IAC. Let us know about it.
Extension of the last date for commencement of manufacturing or production, under section 115BAB, from 31.03.2023 to 31.03.2024
Section 115BAB ...
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Union Budget 2022: Freebies to doctors are illegal, no tax deduction allowed
Union Budget 2022:
Freebies to doctors are illegal, no tax deduction allowed
1. Explanation 1 of sub-section (1) of section 37 of the Income Tax Act provides that if any expenditure incurred by an assessee for any purpose which is ...
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Key-Highlights of GST Proposals in Finance Bill 2022:
Key-Highlights of GST Proposals in Finance Bill 2022:
1. Time-limit to avail ITC u/s 16(4) extended till 30th November of next year from 30th September.
2. Additional Condition for availment of ITC u/s 16(2)- ITC can be availed only if the ...
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Budget 2022 Highlights
Budget 2022 Highlights
Budget highlights 2022
FM Nirmala Sitharaman’s fourth budget presented today
Empathy for those who bore Covid pandemic impact Strong position to withstand challenges
7 growth engines in the gatishakti plan providing impetus for growth. Sabka prayaas for strong ...
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Union Budget 2022-23 to be presented on 1st February, 2022 in Paperless form
Union Budget 2022-23 to be presented on 1st February, 2022 in Paperless form
Ministry of Finance
To mark the final stage of Union Budget making process, sweets provided to core staff due for “lock-in” at their work workplace instead of Halwa ...
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Representation to FM by BJP CA Cell, Mumbai for GST betterment in Union Budget 2022
Representation to FM by BJP CA Cell, Mumbai for GST betterment in Union Budget 2022
BJP CA cell has given some remarkable suggestion for forthcoming Budget 2022.
The suggestion includes the following :
For ease of business and relief to SME
1. There ...
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Bare Minimum Expectations from Union Budget – 2022
Bare Minimum Expectations from Union Budget – 2022
To
Smt. Nirmala Sitharaman
Hon’ble Finance Minister
North Block
New Delhi-01
Subject: Bare Minimum Expectations from Union Budget – 2022
Respected Madam,
At the outset, The Team Tax Talk would like to congratulate you for the 4th consecutive Union Budget 2022 to ...
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The Biggest Retrospective Amendment on section 148 & Section 148A by Union Budget – 2022?
The Biggest Retrospective Amendment on section 148 & Section 148A by Union Budget – 2022?
There were numerous petitions that were filed across the country in various High Courts challenging the validity of reassessment notices issued after 01/04/2021. Finally, Allahabad High Court, ...
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A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata
A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata
DIRECT TAXES PROFESSIONALS’ ASSOCIATION
Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph – 033-22420638
URGENT
Ref. No. DTPA/Rep/21-22/004
13thDecember 2021
Smt. Nirmala Sitharaman
Hon’ble Minister of Finance and Corporate Affairs
Government of ...
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Union Budget- 2020: New Compliances for the Charitable Trust & Institutions
Union Budget- 2020: New Compliances for the Charitable Trust & Institutions
One of the sectors where substantial changes are proposed by the Finance Bill, 2020 is with regard to recognition of charitable trust, NGO & other institutions claiming tax exemptions. For ...
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Budget Highlights
Budget Highlights
No change in Tax Rates. Surcharge and Cess to continue as existing.
However a new Section 115 BAC is being introduced whereby an individual and HUF can opt to pay tax as per new tax rates in case it ...
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Union Budget 2020: Now, Tax Collection at Source (TCS) on foreign remittance through Liberalised Remittance Scheme (LRS)and on selling of overseas tour package as well as TCS on sale of goods over a limit.
Union Budget 2020: Now, Tax Collection at Source (TCS) on foreign remittance through Liberalised Remittance Scheme (LRS)and on selling of overseas tour package as well as TCS on sale of goods over a limit.
Section 206C of the Act provides ...
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