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Section 194LC- Concessional tax rate of 5% on interest should be made applicable on other debt securities

Section 195: 6 Suggestions made by ICAI for Rationalization of Provisions

Section 153A / 271AAB– Need for effective deterrence and finality in Search Cases

Give credit for such TDS/TCS even if assessments Completes or period mentioned u/s 155(14) has expired: ICAI

Section 167B- Treat nil share in AOP/ BOI as determinate/ known share: ICAI Budget Suggestion

TDS should not be linked with year of income or year of receipt: ICAI

Failure to withhold tax– Extend benefit on payments made to non-residents: ICAI

Provide exemption from furnishing PAN U/s. 206AA to non-residents from inception: ICAI

Section 208- Revise Limit of advance tax to Rs. 30000: ICAI

Withdraw proposed Rule 39A dealing with reporting of estimated income and advance tax liability: ICAI

Enhancement Limits for TDS U/s. 194J on professionals to Rs. 1 Lakh: ICAI

ASSOCHAM seeks higher outlay for education in Budget

Clarify amendment to Section 35AD(3): ICAI

Allow deduction U/s. 80C on annual interest accruing on cumulative deposits: 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.
