Union Budget 2023 Ease in claiming deduction on amortization of preliminary expenditure
Union Budget 2023 Ease in claiming deduction on amortization of preliminary expenditure Section 35D of the Act provides for…
Income tax
Union Budget 2023: 15% concessional tax to promote new manufacturing co-operative society
Union Budget 2023: 15% concessional tax to promote new manufacturing co-operative society The Taxation Laws (Amendment) Act, 2019, inter-alia,…
Union Budget 2023: Conversion of Gold to Electronic Gold Receipt and vice versa
Union Budget 2023: Conversion of Gold to Electronic Gold Receipt and vice versa Pursuant to the announcement in…
Budget proposal on taxation of cash perquisites- implication on loan waiver:
Budget proposal on taxation of cash perquisites- implication on loan waiver: As per section 28(iv) of the Income…
Union Budget 2023: Extension of date of incorporation for eligible start-up for exemption
Union Budget 2023: Extension of date of incorporation for eligible start-up for exemption The existing provisions of the…
Union Budget 2023: Relief to start-ups in carrying forward and setting off of losses
Union Budget 2023: Relief to start-ups in carrying forward and setting off of losses Section 79 of the Act…
Union Budget 2023: Penalty for cash loan/ transactions against primary co-operatives
Union Budget 2023: Penalty for cash loan/ transactions against primary co-operatives Section 269SS of the Act provides that…
Union Budget 2023: Increasing threshold limit for co-operatives to withdraw cash without TDS
Union Budget 2023: Increasing threshold limit for co-operatives to withdraw cash without TDS Section 194N of the Act…
Union Budget 2023: Relief to sugar co-operatives from past demand
Union Budget 2023: Relief to sugar co-operatives from past demand Sugar factories operating in the co-operative sectors in certain…
Union Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr
Union Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr Limiting the roll over…
Union Budget 2023- Ensuring Payment to MSME within due date
Union Budget 2023- Ensuring Payment to MSME within due date Section 43B of the Act provides for certain…
Union Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property
Union Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a…
Union Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable
Union Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable The…
Budget 2023 & Beneficial amendment to facilitate TDS credit for income already disclosed in the return of income of the past year
Budget 2023 & Beneficial amendment to facilitate TDS credit for income already disclosed in the return of income of the…
Budget 2023 & Amendment related to Search and Seizure
Budget 2023 & Amendment related to Search and Seizure Section 132 of the Income Tax Act contains provisions…
Budget 2023: Proposal on Set off and withholding of refunds in certain cases
Budget 2023: Proposal on Set off and withholding of refunds in certain cases Section 241A of the Act…
Highlights of the Key Direct Tax Proposals in the Finance Bill – 2023
Highlights of the Key Direct Tax Proposals in the Finance Bill – 2023 Union Budget-2023 was certainly neither a…
Union Budget 2023: TCS on overseas tour packages to be increased to 20% from 5%
Union Budget 2023: TCS on overseas tour packages to be increased to 20% from 5% 1. Sub-section (1G) of Section…
