Category: Income Tax
Amendments proposed in Section 79 of the Income Tax Act to facilitate strategic disinvestment of public sector companies, vide Clause 18 of the Finance Bill 2022 (budget 2022-23), to …
Amendment proposed in the definition of the term “slump sale” u/s 2(42C) of the Income Tax Act, vide clause 3 of the Finance Bill 2022 (budget 2022-23): 1. Slump …
Amendment proposed in the provisions in S. 272A of the Income Tax Act, vide Clause 78 of the Finance Bill 2022 (budget 2022-23), to enhance penalty from Rs. 100 …
Amendments proposed to disallow any set off of loss in the cases under search/ survey, the term “undisclosed income”, by inserting new Section 79A of the Income Tax Act, …
Amendments proposed in section 245MA of the Income Tax Act to enable the Assessing Officer to pass an order giving effect to the resolution of dispute by the Dispute …
Amendments proposed in the provisions of section 68 of Income-tax Act, vide Clauses 17 of the Finance Bill 2022 (budget 2022-23), so as to provide that the nature and …
Deduction u/s 80DD is available to resident Individuals/ HUF, towards payment of insurance premium under a scheme for the maintenance of disabled dependent. However, there is rider which defeats …
To remove inconsistency in Sections 43CA, 50C and 194-IA in relation to stamp duty value,, amendments have been proposed to rationalize provisions of TDS on sale of immovable property …
Amendments proposed in the provisions of Sections 278A and 278AA relating to punishment with prosecution for failure to deposit TDS, so that same provisions apply in the case of …
Amendments proposed to include an explanation in IT S. 37(1) for clarification of the intent of legislation to avoid litigation due to misinterpretation in the matter of allowability of …