#Budget
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Budget 2014 – Proposes Alternate Minimum Tax on investment linked deduction claimed under section 35AD

Budget 2014- Disallowance of expenditure for non- deduction of tax at source U/s. 40(a)(ia)

Budget 2014 – Reduction in tax rate on certain dividends received from foreign companies

Budget 2014 – Exemption U/s. 54EC cannot exceed Rs. 50 Lakh despite investment in two Years

Budget 2014 – Exemption u/s. 10 not allowable to trust who opted for special dispensation U/s. Sections 11, 12 & 13

Budget 2014 – Loophole allowing Double deduction to Charitable Trust Related to Capital Assets and Depreciation plugged

Budget 2014 – Signing and verification of return of income

TDS on non-exempt payments made under life insurance policy

Govt. removes concessional rate of tax on debt mutual funds / FMPs

Holding period increased to 36 Month for Unlisted shares and non Equity oriented mutual funds For LTCG Calculation

Budget 2014 – Gross up Dividend for calculation of dividend distribution tax (DDT)

Tax Terrorism continues in Union Budget 2014

Karniti on Union Budget 2014

Budget 2014 – Income generated by foreign portfolio investors to be treated as capital gains
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.
