Budget 2022: Provision relating to Rationalisation of the provision of Charitable Trust and Institutions
The Budget 2022 has proposed the Provision relating to Rationalisation of the provision of Charitable Trust and Institutions. Income of any...
![Finance Bill 2022 provides Clarification on Deduction on Payment of Interest only on Actual Payment [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Interest-Actual-Payment-Income-Tax-Deduction-Taxscan.jpeg "Finance Bill 2022 provides Clarification on Deduction on Payment of Interest only on Actual Payment [Read Finance Bill]")
![Reduction of Goodwill from Block of Assets to be considered as ‘Transfer’: Finance Bill, 2022 amends Provision [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Reduction-of-Goodwill-Budget-2022-Budget-scan-Budget-session-taxscan-1.jpg "Reduction of Goodwill from Block of Assets to be considered as ‘Transfer’: Finance Bill, 2022 amends Provision [Read Finance Bill]")
Finance Bill, 2022 proposes Amendment to Provision relating to Tax Liability of Directors of Private Companies [Read Finance Bill]
The Finance Bill, 2022 has proposed to amend the provisions of section 179 of the Income Tax Act, 1961 relating to tax liability of directors of the private limited companies applicable from 1st...
![Finance Bill, 2022 proposes Amendment to Provision relating to Tax Liability of Directors of Private Companies [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Tax-Liability-of-Directors-Private-Companies-Budget-2022-Taxscan.jpg "Finance Bill, 2022 proposes Amendment to Provision relating to Tax Liability of Directors of Private Companies [Read Finance Bill]")
Budget 2022: No TDS on Transfer of Immovable Property If Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs
The Finance Bill 2022 stated that no TDS on Transfer of Immovable Property if Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs. Section 194-IA of the Act provides for...
Budget 2022: Anti-avoidance provisions to deal with Transactions in Securities & Mutual Funds applicable to Dividend Stripping & Bonus Stripping
The Finance Bill, 2022 tabled on Tuesday amended section 94 of the Income Tax Act to include dividend stripping and bonus stripping with effect from 1st April 2023. The provision contains anti...
Crypto and Metaverse under Income Tax Scanner: Budget 2022 proposes 30% Tax on Transfer of Virtual Digital Assets
In the Union Budget 2022, the Finance Minister, Nirmala Sitharaman had proposed the Scheme for taxation of virtual digital assets wherein the Crypto and Metaverse Investors to pay 30% Income Tax for...
Finance Bill 2022 proposes Cancellation of GSTN of Composition Supplier not filing GST Return beyond 3 months [Read Finance Bill]
The Finance Bill, 2022 has proposed the Cancellation of GSTN of composition supplier not filing return beyond 3 months. Clause (b) and (c) of sub-section (2) of section 29 of the CGST Act are...
![Finance Bill 2022 proposes Cancellation of GSTN of Composition Supplier not filing GST Return beyond 3 months [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-GSTN-of-composition-supplier-filing-return-beyond-3-months-Taxscan.jpg "Finance Bill 2022 proposes Cancellation of GSTN of Composition Supplier not filing GST Return beyond 3 months [Read Finance Bill]")
Budget 2022: Income Tax Proceedings shall be valid even after Completion of Business Reorganization Process, Entities shall file Modified Returns
The Finance Bill, 2022 has incorporated some new provisions in order to regulate the assessment proceedings and the procedure of taxation in case of succession to business in the event of...
