#Budget
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Exclude loan availed before 31.03.2017 from Restriction of set off of loss from House Property: ICAI

Sec. 79 Carry forward and set off of loss in case of eligible startups: Provide further relaxation

Remove Complexity of internal & external caps on deduction Section 80C: ICAI

Clarify 6 Issues in computation of book profit U/s. 115JB: ICAI to Govt

Section 56: Increase exemption limit from Rs. 50,000 to Rs. 5 lakhs

Taxation on transfer of money/property without or for inadequate consideration

Section 50CA & 56(2)(x)(c) :Amendment needed in view of double taxation

Section 44ADA: Increase Threshold limit of Rs. 50 lakhs & Reduce Rate of estimated tax

Allow Benefit of presumptive taxation U/s. 44AD to LLP: ICAI

Clarify Depreciation on capital asset acquired vide Cash payment: ICAI

Dilution of tax incentive U/s. 35AD by insertion of Section 73A

Address Concerns in Computation of capital gain in case of JDA: ICAI

Section 44AD Presumptive Income – amend definition of eligible business

Section 44AD Allow deduction of interest and remuneration paid to partners by firm: 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.
