Budget 2022 - All About Union Budget 2022 At One Place
Budget 2022 Articles
Form 29D to get refund of tax deducted under section 195
Income Tax : Learn how to use Form 29D to claim a refund of tax deducted under Section 195 for non-residents. Find out about the recent amendme...
Read MoreSection 139(8A) & 140B – Eligibility, Applicability & Opportunity
Income Tax : Updated Income Tax Return has been introduced by inserting a new sub-section (8A) to Section 139 of Income Tax Act, 1961 to prov...
Read MoreApplicability of TDS under Section 194R from 01/07/2022
Income Tax : Analyze Section 194R of the Income Tax Act, 1961 and its applicability from 01/07/2022. Learn about TDS on benefits or perquisites...
Read MoreUpdated Return – Section 139(8A) – Income Tax – (FAQs)
Income Tax : Understand the concept of Updated Return under section 139(8A) of the Income Tax Act. File corrected returns, reduce losses, and r...
Read MoreKey Direct Tax Amendments to the Finance Act, 2022
Income Tax : The President has given assent on 31 March 2022, to the Finance Bill, 2022 passed by the Parliament with certain amendments. The k...
Read MoreBudget 2022 News
15 Income Tax Budget 2022 Announcement and Progress so far
Income Tax : 1. Income Tax Department brings reforms for Cooperatives! Alternate Minimum Tax for cooperative societies reduced to 15% to bring ...
Read MoreGovernment proposes 39 amendments to Finance Bill, 2022
Income Tax : Union Finance Minister Government has proposes 39 amendments to Finance Bill, 2022 Smt. Nirmala Sitharaman has proposed 39 amendme...
Read MoreUnion budget 2022-23 encourages power of youth: Smt. Nirmala Sitharaman
Finance : Union Finance Minister Nirmala Sitharaman said that Union Budget 2022-23 recognises and encourages the potential of youth, their...
Read MoreFM chairs post-Budget meeting with heads of Banks, NBFCs & FIs
Finance : Finance Minister Nirmala Sitharaman chairs post-Budget meeting with heads of Banks, NBFCs and Financial Institutions. Finance Mini...
Read MoreMemorandum Seeking Changes In Union Budget 2022-23 Proposals
CA, CS, CMA : We here in, would like to bring to your kind notice, few of the issues which might be faced by taxpayers and Chartered accountants...
Read MoreBudget 2022 Notifications/Circulars
GST: CBIC notifies 14 sections of Finance Act, 2022 wef 1st October 2022
Goods and Services Tax : Central Government hereby appoints the 1st day of October, 2022, as the date on which the provisions of sections 100 to 114 of Fin...
Read MoreCBDT Notifies Form and Manner for filing Updated Return
Income Tax : CBDT Notifies vide Notification No. 48/2022-Income Tax Dated- 29.04.2022 Form and Manner for filing updated Income Tax return. Upd...
Read MoreFinance Act, 2022 – Assented by President
Income Tax : Finance Act, 2022 received the assent of the President on the 30th March, 2022. Full text of the same is as follows:- MINISTRY O...
Read MoreApplicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses
Custom Duty : Circular No. 3/2022-Customs No. CBIC-190354/262/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenu...
Read MoreFinance Bill 2022 or Union Budget 2022-23
Income Tax : FM Nirmala Sitharaman’s presented her fourth budget today i.e. on 1st February 2022. In budget FM has introduced Tax on Virtua...
Read MoreBudget Personal Taxation
Changes in Due date of Original, Revised, Belated & Defective Return
Budget 2021 proposes Extending of due date for filing return of income in some cases, reducing time to file belated return and to revise original return and also to remove dif...
Read MoreSection 234C interest relaxed on dividend income, Capital Gain
Union Budget 2021 proposed to relax Section 234C interest on Dividend income along with capital gains if shortfall in the advance tax payments and tax due has been paid in the...
Read MoreTax Audit Limit proposed to increase to ten crore rupees
It is proposed to increase the threshold limit for Tax Audit Under section 44AB from five crore rupees to ten crore rupees in cases listed above....
Read MoreTDS/TCS on non filer of income-tax return at higher rates
New section 206AB of the Income Tax Act is a special provision providing for higher rate for TDS for the non-filers of income-tax return. Similarly it is proposed to insert a ...
Read MoreMajor Income Tax Changes Proposed in Union Budget, 2021
MAJOR INCOME TAX CHANGES PROPOSED IN UNION BUDGET, 2021 In this article we will take a look at all the major income tax changes proposed in Union Budget, 2021 presented by Hon...
Read MoreFM withdraws proposal to tax EPF/Superannuation Fund
In View of pressure from all quarters Finance Mister Arun Jaitley has withdrawn the Proposal to Tax 60% of EPF/Superannuation Fund Proposed in Union Budget 2016 and which was ...
Read MoreBudget 2016: Phasing out of deductions and exemptions
The Finance Minister in his Budget Speech, 2015 has indicated that the rate of corporate tax will be reduced from 30% to 25% over the next four years along with corresponding ...
Read MoreTax on Non-compete fees & exclusivity rights in case of Profession
It is proposed to amend clause (va) of section 28 of the Act to bring the non-compete fee received/receivable( which are recurring in nature) in relation to not carrying out a...
Read MoreTax on income by way of dividend in excess of Rs. 10 lakh
Under the existing provisions of clause (34) of section 10 of the Act, dividend which suffer dividend distribution tax (DDT) under section 115-O is exempt in the hands of the ...
Read More(Ab)Normal period for issuing notices under Service Tax
At present, in cases other than fraud, suppression etc cases the Service Tax Authorities can issue Show Cause Notice (SCN) within 18 months from the relevant date for non/shor...
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