Category: Budget
Clause 33 and 34 of the Finance Bill 2023 has proposed amendments in Sections 72A and 72AA of the Income Tax Act to facilitate certain strategic disinvestments, by allowing …
Finance Bill 2023 proposes to insert a new Section 10(46A) to exempt the income of a body or development authority, such as a board, trust, or commission (not a …
Finance Bill 2023 proposes to extend the period of tax benefits/incentives for funds relocating to ‘IFSC’ from March 31, 2023 to March 31, 2025, as well as to provide …
The Finance Bill 2023 proposes to amend income tax law to exempt gold conversion to an electronic gold receipt (EGR) and vice versa from taxation (transfers and capital gains). …
Clause 41 of the Finance Bill 2023 proposes to amend Section 80-IAC of the Income Tax Act 1961 to extend the deadline for incorporation of eligible start-ups for exemption (100% …
Clause 35 of the Finance Bill 2023 proposes to amend Section 79 of the Income Tax Act, 1961 to provide relief to start-ups by extending the benefit of loss …
Sections 269SS and 269T of the Finance Bill 2023 propose to amend Sections 269SS and 269T to increase the threshold limit for levy of penalty for cash loans/transactions by …
Clause 85 of the Finance Bill 2023 proposes to amend Section 194N of the Income Tax Act, 1961 to raise the threshold limit for cooperatives to withdraw cash without …
Section 155 of the Income Tax Act of 1961 is proposed to be amended in Clause 74 of the Finance Bill 2023 to allow sugar co-operatives to claim payments …
It is proposed in Finance Bill 2023 that the Agniveer Corpus Fund payment received by Agniveers enrolled in the Agnipath Scheme, 2022 be exempt from income tax. In addition, it …