Sponsored
    Follow Us:

Vispi T. Patel

Latest Posts by Vispi T. Patel

Budget 2025: Key Income Tax Proposals

February 18, 2025 5823 Views 0 comment Print

Overview of key income tax changes for non-residents, charitable trusts, and individuals, including SEP rules, fund management, and perquisite definition updates.

Union Budget 2024-25: Key Direct Tax Proposals

July 26, 2024 2196 Views 0 comment Print

Discover key proposals in the VTPA Direct Tax Budget Bulletin 2024-25. Detailed insights into income-tax changes, corporate tax implications, and sectoral impacts.

Union Budget 2023-24 Key Income-Tax Proposals

February 6, 2023 6771 Views 0 comment Print

Discover the key income-tax proposals in Union Budget 2023-24. Learn how 33% increase in capital spending plans to bolster of India’s infrastructure, create jobs and boost growth. 50 additional airports & 100 projects identified. Investment opportunities & 2.4 trillion rupee for railways budgeted.

Key Direct Tax Amendments to the Finance Act, 2022

April 1, 2022 87426 Views 0 comment Print

The President has given assent on 31 March 2022, to the Finance Bill, 2022 passed by the Parliament with certain amendments. The key Direct Tax Amendments are summarized as under: KEY AMENDMENTS – DIRECT TAX SECTION 2(12A): DEFINITION OF “BOOKS OR BOOKS OF ACCOUNT” SECTION Amendments as introduced by The Finance Bill, 2022 on 1 February […]

Union Budget 2022-23 – Direct Tax Proposals

February 5, 2022 16530 Views 0 comment Print

The Finance Minister has introduced the Union Budget 2022 (‘Budget’) in the Parliament aiming to boost economic growth and revive sustainably from the ravages of the COVID-19 pandemic. The aim seems to start a virtuous cycle of growth by increasing public expenditure, in the hope of attracting private investment. But in order to facilitate the […]

Section 14A disallowance- South Indian Bank Ltd Vs. CIT (Supreme Court)

September 21, 2021 7809 Views 1 comment Print

The issue before the Hon’ble Supreme Court (SC) was whether section 14A of the Income-tax Act, 1961 (the Act) enables the Department to make disallowance on expenditure incurred for earning tax-free income, where the assessee does not maintain separate accounts for the investments and other expenditure incurred for earning the tax-free income

CBDT Extends Time Limits for Tax/TP Audit/ITR Filing – AY 2021-22

September 14, 2021 48741 Views 1 comment Print

The Finance Ministry vide Circular no. 17/2021 dated 09 September, 2021 announced extensions to the deadline for the filing of the Income-tax Returns, as well as some other allied compliances for the Assessment Year 2021-22: Sr. No. Particulars Original Due Date Extended to vide earlier Circular no.9/2021 Now Extended to vide Latest Circular no. 17/2021 […]

Overview of Taxation Laws (Amendment) Bill, 2021

August 7, 2021 972 Views 0 comment Print

The Government has introduced the Taxation Laws (Amendment) Bill, 2021 (no. 120 of 2021), which seeks to provide relief in respect of income deemed to accrue or arise to a non-resident due to direct and indirect transfer of capital assets by non-residents. Below is a brief overview of the same. Amendment to Explanation 5 to section […]

CBDT Extends Time Limits for Various Direct Tax Compliances – AY 2021-22

May 22, 2021 5640 Views 0 comment Print

The Central Board of Direct Taxes after considering the severe continuing COVID-19 pandemic situation in the country, vide Circular No. 9 of 2021, dated 20 May 2021, has extended the deadlines of certain compliances for the Assessment Year 2021-22

Union Budget 2021-22 – Analysis of Direct Tax Proposal

February 6, 2021 28272 Views 3 comments Print

The Finance Minister has introduced the Union Budget 2021 (‘Budget’) in the Parliament amidst the panic and upheaval caused to the society globally by the pandemic. All governments have had to grapple with the human and economic havoc. The Budget aims to increase public spending to steer the economy from its worst contraction in decades.

Sponsored
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31