Amendments proposed for rationalization of the penalty provisions u/s 271AAB, 271AAC and 271AAD of the Income Tax Act, vide Clauses73, 74 and 75 of the Finance Bill 2022 (budget …
Amendment proposed in Section 133A on Income-tax authorities for the purposes of the section, vide Clause 37 of the Finance Bill 2022 (budget 2022-23), as under: 1. Section 133A …
Amendments proposed in the provisions of section 119 of Income-tax Act, to empower CBDT to waive fee of Rs. 5000 u/s 234F, in certain cases of failure to furnish …
Central/ State Governments can contribute upto the limit of 14% as Employer’s NPS contribution. However, when we talk about deduction under IT S. 80CCD(2), there is a differential treatment …
Amendments proposed to rationalize the provisions of higher rate of TDS/ TCS u/s 206AB and 206CCA of the Income Tax Act to widen the tax base, by considering ITR …
Amendment proposed to clarify that for the purposes of section 50 of the Act, reduction of the amount of goodwill of a business or profession, from the block of …
Amendments proposed in the provisions of section 263 of the Income Tax Act relating to revision of erroneous Order of the TPO issued u/s 92CA, vide Clause 48 and …
Over the years it is noticed that virtual economy is growing up at much faster pace wherein the transactions are being made using different types of virtual digital assets, …
Amendments proposed to insert new IT S. 158AB for deferring further filing of appeal where an identical question of law is pending before the jurisdictional High Court or Supreme …
Start-ups established during the block period of 01/04/2016 to 31/03/2022 were eligible for tax incentives in three consecutive years out of ten years from the date of incorporation. In …