#Budget
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Levy of Penalty U/s. 271G by Transfer Pricing Officers

Budget 2014- Rationalisation of Definition of International Transaction

Budget 2014- Taxability of Anonymous donations under section 115BBC

Budget 2014 – Cost Inflation Index to be worked out on the basis of Index notified by Govt in this behalf

Budget 2014- Presumptive income amount increased to Rs. 7500 for Business of Plying, Hiring or Leasing Goods Carriages

Budget 2014 – Capital gains arising from transfer of an asset by way of compulsory acquisition

Budget 2014- Extension of income-tax exemption to Special Undertaking of Unit Trust of India (SUUTI)

Budget 2014 – Speculative transaction in respect of commodity derivatives

No Tax on Transfer of Government Security by one non-resident to another non-resident

Trading in derivative by Company mainly engaged in Trading of Shares will be treated as Speculative

Highlights & Clause Analysis of Budget 2014 on Direct & Indirect Taxes

Download Income tax Calculator for Financial year 1997-98 to 2014-15

Budget 14- Cancellation of registration of the trust or institution in certain cases

Budget 2014-15 and its Impact on Various Sectors
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.
