Amendments In Tax Rates

Promoting Timely Payments To Micro And Small Enterprises

Relief To Start-ups

Ease In Claiming Deduction On Amortization Of Preliminary Expenses

Clarification On Taxability Of Benefits And Perquisites In Cash Under Section 28(iv)

Widening Of Scope Of Strategic Disinvestment By The Central Or Any State Government For Carry Forward Of Accumulated Losses

Widening Of Scope Of Strategic Disinvestment In Case Of Banks For Carry Forward Of Accumulated Losses

Issue Of Shares By Unlisted Companies At Premium To Non-residents

Income Deemed To Accrue Or Arise In India To Include Gift To Not-Ordinarily Resident

Certain NBFCs To Be Excluded From Thin Capitalization Provisions

Reduction In Time To Furnish Transfer Pricing Documentation

Increase In Threshold Of Presumptive Taxation Schemes Under Section 44AD And Section 44ADA For Residents Engaged In Eligible Business/ Profession

Preventing Misuses Of Presumptive Taxation Schemes For Specified Business Of Non-resident Under Section 44BB And Section 44BBB

Prevention Of Double Deduction On Interest On Capital Borrowed For Acquisition Of A Property

Monetary Ceiling On Exemption Of Capital Gain Claimed Under Section 54 And 54F On Purchase Of Residential House Property

Defining The Cost Of Acquisition In Case Of Intangible Assets For Computing Capital Gains

Conversion Of Gold To Electronic Gold Receipt (EGR) And Vice Versa To Be Tax Neutral

Taxation Of Capital Gains In Case Of Market Linked Debentures

Clarification Regarding Value Of Consideration In Case Of Joint Development Agreement

Rationalisation Of The Provisions Relating To Charitable Trust And Institutions

Provisional/ Regular Registration Provisions Aligned

Time Limit Prescribed For Depositing Back Of Corpus And Repayment Of Loans Or Borrowings

Donation To Other Trusts To Be Considered As 85% Application Only

Trusts Or Institutions Not Filing The Application For Registration In Certain Cases To Be Considered For Exit Tax

Scope Of Specified Violations For Cancellation Of Registration Extended

Exemption To Apply Only Where Return Is Filed Within

Time Limits Aligned For Furnishing Tax Audit Report And Other Forms

Concessional Tax Rate For Promotion Of New Manufacturing Co-operative Societies

Increase In Threshold Limit For Co-operatives To Withdraw Cash Without TDS

Relief To Sugar Co-operatives From Past Demand On Payment To Sugarcane Growers

Prevention Of Tax Avoidance Through Distribution As ‘repayment Of Debt’ By Business Trusts

Rationalization Of Provisions Relating To Units In Special Economic Zone

Separate Taxation Provisions For Winnings From Online Games

Changes In The New Concessional Taxation Regime Contained In Section 115BAC For Individuals And Other Specified Persons

Exemption Limit For Leave Encashment Enhanced

Tax On Maturity Of Life Insurance Policies Having High Premium

Rationalization Of Provisions Related To The Valuation Of Residential Accommodation Provided To Employees

Contribution To Agniveer Corpus Fund

Power To Modify The Directions Issued To Implement Faceless Schemes And E-proceedings

Changes Relating To Filing Of Modified Return And Assessment Thereof In Case Of Business Reorganisation

Clarification Regarding Computation Of Interest On Additional Tax While Filing Updated Return

Provisions Relating To Reassessment Proceedings

Rationalisation Of Timeline Provisions For Completion Of Assessment And Reassessment

Introduction Of Joint Commissioner (Appeals) As A New Appellate Authority

Rationalisation Of Appeals To The Appellate Tribunal

Assistance To Authorised Officer During Search And Seizure

Limiting Of TDS Under Section 192A On Accumulated Balance Of Provident Fund To 20% In The Absence Of PAN

Removal Of Exemption From TDS On Payment Of Interest On Listed Debentures

Tax Treaty Relief At The Time Of Deduction Of Tax At Source (TDS) Under Section 196A On Income Of Specified Mutual Funds

Extension Of Scope Of Lower Tax Deduction Certificate Under Section 197

Relief From Special Provision For Higher Rate Of TDS/TCS For Non-filers Of Tax Return

Increasing Rate Of TCS On Certain Remittances

Penalty And Prosecution Provisions To Cover Failure To ‘ensure Payment Of Tax’ As A Specified Default

Additional Penalty For Furnishing Inaccurate Statement Of Financial Transaction Or Reportable Account

Decriminalisation Of Defaults By Liquidator Under Section 276A

Allowing Credit Of TDS Deducted Subsequently For Income Already Disclosed In Earlier Year

Extension Of Time For Disposing Rectification Applications By Interim Board For Settlement

Set Off And Withholding Of Refunds In Certain Cases

Preventing Permanent Deferral Of Taxes Through Undervaluation Of Inventory

Removal Of Certain Funds From Deduction Under Section 80G

Removal Of Exemption To Income Of A Notified News Agency

Exemption To Development Authorities Set Up By Central Or State Act For Public Service

Distribution Of Income To Non-resident Offshore Derivative Instruments Holders

TAX AND SURCHARGE RATES APPLICABLE FOR INDIVIDUALS UNDER CONCESSIONAL TAXATION SCHEME UNDER SECTION 115BAC

TAX AND SURCHARGE RATES FOR INDIVIDUALS UNDER RELEVANT FINANCE ACT (APPLICABLE IF SECTION 115BAC IS NOT OPTED FOR)

CORPORATE TAX RATES