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Clarify provisions of section 44AD: ICAI

Exclude agricultural land from the ambit of Section 43CA: ICAI

Allow Capitalization of foreign exchange loss for domestically acquired asset: ICAI

ICAI suggestions on depreciation on assets acquired in satisfaction of debts Section 43(1)

ICAI suggestions on taxability of interest on Non-Performing Asset

Section 40A(3) Allow cash Payment to electricity companies: ICAI

Restrict disallowance for TDS defaults on payments to non-resident to 30%: ICAI Suggests

Disallowance of expenses incurred in favour of members – Section 40(ba)

Section 40(a)(ia): Disallowance of expenditure for non-deduction of tax at source on payment made to resident

Allow deduction for Corporate Social Responsibility Costs: ICAI

Section 36(1)(va) Increase Due date for crediting contribution of employees to due date of ROI

Section 35D: Allow deduction for all expenses incurred for raising capital

Keep foreign companies under presumptive taxation having PE in India outside the purview of MAT: ICAI

Allow setting off of MAT credit for 10 Years after completion of period of exemption/deduction U/s. 10A to 10C & 80-IA to 80-IE
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.
