CAclubindia News

Budget 2022: IT Slabs and Rates for AY 2022-23

01 February 2022 at 20:41

Rates of income-tax in respect of income liable to tax for the assessment year 2022-23.

Posted in Union Budget | 1 comments | 13764 Views

Budget 2022: Scheme for taxation of virtual digital assets

01 February 2022 at 19:50

Virtual digital assets have gained tremendous popularity in recent times and the volumes of trading in such digital assets has increased substantially.

Posted in Union Budget | 2 comments | 3969 Views

Budget 2022: Facilitating strategic disinvestment of public sector companies

01 February 2022 at 19:46

1. Section 79 of the Act provides for carry forward and set-off of losses in case of certain companies. Sub-section (1) of the said section, inter-alia, provides that where a change in shareholding has taken place during the previous year in the case

Posted in Union Budget | 1482 Views

Budget 2022: Tax Incentives to International Financial Services Centre (IFSC)

01 February 2022 at 19:46

Over the past few years several tax concessions have been provided to units located in International Financial Services Centre (IFSC) under the Act to make it a global hub of financial services sector.

Posted in Union Budget | 1470 Views

Budget 2022: Exemption of amount received for medical treatment and on account of death due to COVID-19

01 February 2022 at 19:46

Clause (2) of section 17 of the Act, inter alia, provides the definition of “perquisite”. However, certain exceptions have been provided which shall not include as perquisites.

Posted in Union Budget | 1293 Views

The Finance Bill, 2022

01 February 2022 at 17:52

The Finance Bill, 2022 as introduced in Lok Sabha

Posted in Union Budget | 2832 Views

Union Budget 2022: Memorandum Explaining the Provisions in the Financial Bill 2022

01 February 2022 at 17:42

he provisions of Finance Bill, 2022 (hereafter referred to as "the Bill"), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the Act'),

Posted in Union Budget | 2031 Views