Voluntary Contribution According to Section 11(1)(d) of income Tax Act, income in the form of voluntary contributions made with a...

All the existing charitable and religious institutions (including NGOs) which are registered or approved under the following sections:...

AMENDMENTS MADE TO SECTION 10(23C) TO REMOVE CONFLICTING PROVISIONS 1. Corpus donations received by Section 10(23C) institutions will be...

​ इस पत्र के माध्यम से कोरोना महामारी के कारण उत्पन्न हुई परिस्थितियों में भारत के समक्ष आर्थिक मोर्चे पर क्या-क्या चुनौतियां हैं तथा...

With effect from AY 2020-21 (FY 2019-20), more persons (Individual/HUF/AOP/Artificial Juridical Persons, etc.) will have to file an ITR,...

Enhancing time limitation for sale of attached property under rule 68B of the Second Schedule of the Act The existing provisions of rule...

Expansion of Scope for Cancellation of registration of the Trust or Institution u/s 12AA Section 12AA of the Act prescribes for manner of...

Tax Deduction at Source 1. Widening of TDS provisions on payment by Individual/HUF contractors and professionals u/s 194M Presently, no...

Penalties 1. Rationalisation of penalty provisions relating to under reported income Section 270A contains provisions relating to penalty...

Tax Administration and Compliance 1. Widening the scope of Statement of Financial Transactions (SFT) The provisions of section 285BA of...

Transfer pricing 1. Modification order for past years in case of APA Section 92CC of the Act empowers the Central Board of Direct Taxes...

Changes in International Tax 1. Incentives to International Financial Services Centre (IFSC): In order to promote the development of...

Income from Other Sources 1. Compliance with the notification of exemption issued under section 56(2)(viib) The provisions of section...

1. Amendment in calculation of FMV u/s 50CA The existing provision of section 50CA of the Income Tax Act provides for special provision...

1. Measures for resolution of distressed companies The existing provisions of section 79 are not applicable to a company where any change...

Individual Tax 1. Transfer of any money or property situate in India by a person resident in India to a person outside India Section 9 of...

Proposed rate of Income Tax for FY 2019-20 for various types of assessees are as follows: Tax Rates i. Personal Tax Rates Income (Rs.) ...