CAclubindia News

Proposed Amendments to Section 276B: Rationalising Prosecution for Delayed Tax Payments

27 July 2024 at 09:09

Amendments proposed in section 276B of the Act for rationalisation of provisions

Posted in Union Budget | 1824 Views

Amendments to Black Money Act 2015: Increased Penalty Threshold for Undisclosed Foreign Assets in ITR

27 July 2024 at 09:08

Amendments in section 42 and 43 of the Black Money Act, 2015 relating to penalty for failure to disclose foreign income and asset in the ITR

Posted in Union Budget | 2634 Views

Amendment to Equalisation Levy Provisions: Key Changes Effective 1st August 2024

27 July 2024 at 09:07

Amendment of provisions related to Equalisation Levy

Posted in Union Budget | 1 comments | 2934 Views

Direct Tax Vivad se Vishwas Scheme 2024: Key Features

27 July 2024 at 09:07

It is proposed that this Scheme shall come into force from the date to be notified by the Central Government. The last date for the Scheme is also proposed to be notified.

Posted in Union Budget | 1 comments | 1524 Views

New TDS Rules for Floating Rate Savings Bonds w.e.f 1st October 2024

26 July 2024 at 14:53

Tax Deduction at source on Floating Rate Savings (Taxable) Bonds (FRSB) 2020

Posted in Union Budget | 765 Views

Amendment to Section 37: Disallowance of Settlement Amounts for Legal Contraventions from April 2025

26 July 2024 at 14:51

Disallowance of settlement amounts being paid to settle contraventions

Posted in Union Budget | 570 Views

Proposed Amendment to Section 55: Clarification on Cost of Acquisition for Equity Shares in OFS and IPOs

26 July 2024 at 14:51

Prior to Finance Act, 2018, section 10(38) of the Income Tax Act, 1961 (the Act) provided for exemption in respect of gains arising from the transfer

Posted in Union Budget | 789 Views

Budget 2024: Exclusion of Section 194J Payments from Section 194C w.e.f 1st Oct 2024

26 July 2024 at 14:49

Excluding sums paid under section 194J from section 194C (Payments to Contractors)

Posted in Union Budget | 1431 Views

Amendment to Section 198: Inclusion of Foreign Taxes in Total Income Calculation

26 July 2024 at 14:48

Inclusion of taxes withheld outside India for purposes of calculating total income

Posted in Union Budget | 537 Views

Budget 2024: Amendment to Curb Misuse of Life Insurance Expense Deductions

26 July 2024 at 14:48

Preventing misuse of deductions of expenses claimed by life insurance business

Posted in Union Budget | 261 Views