Category: Budget
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 …
Section 43B of the Income Tax Act of 1961 is proposed to be amended in Clause 13 of the Finance Bill 2023 to disallow deduction for transactions with Micro …
Summary of the direct and indirect tax proposals in the Budget 2023 (Finance Bill 2023) as presented by Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs: Highlights …
The “Halwa ceremony,” which marks the start of the final stage of preparations for India’s Budget 2023 (Union Budget 2023-24), was held at North Block in New Delhi on …
The ICAI has submitted its “Pre-Budget Memorandum 2023 on Direct Taxes (Including International Taxation),” containing 241 suggestions, to the Ministry of Finance, Government of India, for consideration in formulating …
