#Budget
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Income Tax
Income Tax
Section 263 – Reduce discretionary exercise of revisionary powers: ICAI
Income Tax
Income Tax
Include transactions made through RTGS, NEFT, ECS and EFT in Section 269SS / 269T retrospectively
Income Tax
Income Tax
Stipulate time limits for issuing Order giving effects and Refund Order: ICAI
Income Tax
Income Tax
Withdraw fees levied U/s. 234F for delayed filing of return: ICAI
Income Tax
Income Tax
Section 271B- ICAI suggests day wise penalty for Failure to get accounts audited
Income Tax
Income Tax
Section 269ST Restriction on cash transactions– Certain concerns
Income Tax
Income Tax
Restore provisions of erstwhile Section 245E related to Settlement of Cases: ICAI
Income Tax
Income Tax
Issues in levy of penalty in case of under reporting / misreporting of income
Income Tax
Income Tax
Section 270AA – Immunity from Imposition of penalty
Income Tax
Income Tax
Section 271D & 271E- Penalty should be restricted to 30%
Income Tax
Income Tax
Section 271AAB – Relax restrictions to claim benefit of concessional rate of penalty @ 10%: ICAI
Income Tax
Income Tax
Section 271AAB Prosecution should not be initiated for Income disclosed during survey: ICAI
Income Tax
Income Tax
Section 271H- Penalty for failure to furnish TDS/TCS statements- Remove discretion
Income Tax
Income Tax
Issue guidelines penalty U/s. 271J for furnishing incorrect information in reports or certificates
Explore the latest Budget updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
