Income TaxIncome taxUnion Budget 2023: Extending deeming provision under section 9 to gift to not-ordinarily resident3 years agoUnion Budget 2023: Extending deeming provision under section 9 to gift to not-ordinarily resident Under the Act, income…
Income taxUnion Budget 2023: Extending the scope for deduction of tax at source to lower or nil rate3 years agoUnion Budget 2023: Extending the scope for deduction of tax at source to lower or nil rate Section 197 of…
Income taxIncome TaxUnion Budget 2023: Increasing threshold limits for presumptive taxation schemes3 years agoUnion Budget 2023: Increasing threshold limits for presumptive taxation schemes The existing provisions of Section 44AD of the Act,…
Income taxother topicUnion Budget 2023 Ease in claiming deduction on amortization of preliminary expenditure3 years agoUnion Budget 2023 Ease in claiming deduction on amortization of preliminary expenditure Section 35D of the Act provides for…
Income TaxIncome taxUnion Budget 2023: 15% concessional tax to promote new manufacturing co-operative society3 years agoUnion Budget 2023: 15% concessional tax to promote new manufacturing co-operative society The Taxation Laws (Amendment) Act, 2019, inter-alia,…
Income taxother topicUnion Budget 2023: Conversion of Gold to Electronic Gold Receipt and vice versa3 years agoUnion Budget 2023: Conversion of Gold to Electronic Gold Receipt and vice versa Pursuant to the announcement in…
Income TaxIncome taxBudget proposal on taxation of cash perquisites- implication on loan waiver:3 years agoBudget proposal on taxation of cash perquisites- implication on loan waiver: As per section 28(iv) of the Income…
Income TaxIncome taxOther Source Of IncomeUnion Budget 2023: Extension of date of incorporation for eligible start-up for exemption3 years agoUnion Budget 2023: Extension of date of incorporation for eligible start-up for exemption The existing provisions of the…
Income TaxIncome taxUnion Budget 2023: Relief to start-ups in carrying forward and setting off of losses3 years agoUnion Budget 2023: Relief to start-ups in carrying forward and setting off of losses Section 79 of the Act…
Income taxother topicUnion Budget 2023: Penalty for cash loan/ transactions against primary co-operatives3 years agoUnion Budget 2023: Penalty for cash loan/ transactions against primary co-operatives Section 269SS of the Act provides that…
Income taxTDSUnion Budget 2023: Increasing threshold limit for co-operatives to withdraw cash without TDS3 years agoUnion Budget 2023: Increasing threshold limit for co-operatives to withdraw cash without TDS Section 194N of the Act…
Income taxother topicUnion Budget 2023: Relief to sugar co-operatives from past demand3 years agoUnion Budget 2023: Relief to sugar co-operatives from past demand Sugar factories operating in the co-operative sectors in certain…
Capital GainIncome taxUnion Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr3 years agoUnion Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr Limiting the roll over…
Income taxOther Source Of IncomeUnion Budget 2023- Ensuring Payment to MSME within due date3 years agoUnion Budget 2023- Ensuring Payment to MSME within due date Section 43B of the Act provides for certain…
Capital GainIncome taxUnion Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property3 years agoUnion Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a…
Income taxOther Source Of IncomeUnion Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable3 years agoUnion Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable The…
Income taxTDSBudget 2023 & Beneficial amendment to facilitate TDS credit for income already disclosed in the return of income of the past year3 years agoBudget 2023 & Beneficial amendment to facilitate TDS credit for income already disclosed in the return of income of the…
Income TaxIncome taxBudget 2023 & Amendment related to Search and Seizure3 years agoBudget 2023 & Amendment related to Search and Seizure Section 132 of the Income Tax Act contains provisions…