Reducing time limitation for orders deeming any person to be assessee in default
Amendments proposed in section 276B of the Act for rationalisation of provisions
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
Amendment of provisions related to Equalisation Levy
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.
Tax Deduction at source on Floating Rate Savings (Taxable) Bonds (FRSB) 2020
Disallowance of settlement amounts being paid to settle contraventions
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
Excluding sums paid under section 194J from section 194C (Payments to Contractors)
Inclusion of taxes withheld outside India for purposes of calculating total income
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