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Sections 115TD to 115TF – Special provisions relating to tax on accreted income of certain trusts and institutions – Issues to be addressed

Tax on ESOPs should be only at the point of sale of shares by employees

Section 115UB– Taxation of income of Investment funds- Clarity required on taxation of Category III AIF

Clarify on Taxation of ESOPs in case of migrating employees: ICAI

Increase limit for maintenance of books by professionals to Rs. 5 Lakh and Rs. 1000 for Maintenance of Bills

Depreciation on books used by professionals be restored to its original rate of 100%

Deputation of employees- Taxability as fees for technical services/ PE issues

AO should accept rectification application related to difference in Form No. 26AS and Amount claimed in ITR

Auto fill of TDS data in Income Tax Returns (ITR)

Section 139- Enlarge scope of filing return of income: ICAI

Clarify whether acquisition of residential flat in ‘OAS’ is ‘purchase’ or ‘construction: ICAI

Issue specific Guidelines for empanelment of auditors U/s.142(2A): ICAI

Introduce TDS payment challan cum TDS Returns: ICAI

Issue Master Circular on TDS within 15 days of passing of Finance Act: ICAI
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.
