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 …
The RBI has extended the deadline for banks to renew locker agreements with existing customers and issued revised guidelines for safe deposit lockers and safe custody article facilities offered …
The ICAI has published a Guide on Withholding Taxes (TDS) on Payments to Non-Residents under Section 195 of the Income Tax Act, 1961, and Forms 15CA and 15CB to …
The ICAI has released a “Technical Guide on Digital Assurance” to provide guidance to members on the use of technology in audits (January 2023 Edition). The ICAI came to …