#Budget
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Amend Section 10(23FB) Tax exemption for AIFs – VCFs- ICAI

Reintroduce standard deduction for salaried assessees

Provide Tax benefit on Medical reimbursements for retired employees: ICAI

Allow Deduction to salaried assesses of Payment for notice period – ICAI

Union Budget 2018-19: ASSOCHAM seeks venture capital pool & lower tax rates for electronics sector

ICAI suggests on Income-tax exemption for securitization trusts, levy of distribution tax on income distributed by such trusts U/s. 10(23DA)

Amend ses.17(3)(ii) to provide exemption in respect of maturity proceeds of keyman insurance policy: ICAI

Rationalise of Provisions of Section 10(23C): ICAI

Clearly Define Annual receipts U/s. 10(23C) r.w. Rule 2BC of Income-tax Rules

Remove surcharge on tax and DDT: ICAI

Charitable purpose- Substitute proviso to Section 2(15) with new proviso- ICAI

Section 2(15): Define Term Yoga to confine its scope & prevent abuse: ICAI

Amend Sec. 10(23C) to specifically exclude ‘corpus donations’ from requirement of mandatory application of income

Amend sections 54, 54B, 54D & 54F to to reduce holding period to 24 Months: 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.
