Tag: DT Proposals Budget 2022

The Union Budget 2022-23, while continuing with the declared policy of stable and predictable tax regime, intends to bring more reforms that will take ahead the vision to establish …

Proposed amendments for rationalisation of IT Provision on Exemption Schemes for Charitable Trust/ Institutions, vide different clauses of the Finance Bill 2022 (budget 2022-23): 1. Income of any fund …

Amendments proposed for withdrawal of exemption under clauses (8), (8A), (8B) and (9) of section 10 of the Income-tax Act, 1961 from AY 2023-24 and onwards, vide Clause 4 of …

Amendment proposed in the provisions of section 248 of Income-tax Act and insertion of new section 239A, vide Clauses 66, 68 and 69 of the Finance Bill 2022 (budget …

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 …

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, …

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 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 …