Tag: DT Proposals Budget 2022
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 …
Amendment proposed in the title/ provisions of section 179 of the Income Tax Act, to rectify/ resolve the ambiguity in the title of the Section, which restricts the scope …
Various amendments proposed for tax Incentives to International Financial Services Centre (IFSC), including to exempt Income of a non-resident from offshore derivative instruments, Income from over the counter derivatives …
Dividend received by an Indian company from a specified foreign company, in which the recipient Indian company holds at least 26% shares, is taxable at 15% whereas the dividend …
Amendments proposed in the provisions relating to extension of timeline for issuing directions upto 31/03/2024 in respect of Faceless Schemes u/s 92CA, 144C, 253 and 264A of the Income …
Proposed amendments in relation to exemption of amount received for medical treatment and on account of death due to COVID-19, vide clauses 10 and 16 of the Finance Bill …
Amendments proposed for widening the scope of reporting u/s 285B of the Income Tax Act applicable in the case of producers of cinematograph films, to further include certain persons …