Finance Bill 2022 provides extended Time for availment of ITC on any Invoice or Debit Note pertaining to financial year upto 30 Nov of following Financial Year
The Fin The Finance Bill 2022 has provided for the extended time for availment of ITC in respect of any invoice or debit note pertaining to financial...
![Cash Credits u/s 68 of Income Tax Act: Finance Bill, 2022 mandates Explanation of Source of Funds in the Hands of Creditor or Entry Provider [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Cash-Credits-Income-Tax-Act-Finance-Bill-Explanation-finance-bill-2022-Funds-Creditor-entry-provider-budget-2022-budgetscan-budget-session-Taxscan.jpeg "Cash Credits u/s 68 of Income Tax Act: Finance Bill, 2022 mandates Explanation of Source of Funds in the Hands of Creditor or Entry Provider [Read Finance Bill]")
![Finance Bill, 2022 provides clarity Section 80G Deduction for Voluntary Contributions for Renovation, Repair of Temples, Mosques, Gurudwaras, Churches [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Section-80G-deduction-Voluntary-Contributions-for-renovation-repair-of-temples-mosques-gurudwaras-churches-budget-scan-budget-session-budget-2022-Taxscan.jpg "Finance Bill, 2022 provides clarity Section 80G Deduction for Voluntary Contributions for Renovation, Repair of Temples, Mosques, Gurudwaras, Churches [Read Finance Bill]")
Budget 2022: Govt withdraws Exemptions to Income of Individuals assigned with Duties outside India for Co-operative Technical Assistance Programmes [Read Finance Bill]
The Finance Bill, 2022 presented during the budget speech of the Finance Minister Nirmala Sitharaman on Tuesday has withdrawn certain exemptions provided under Clause (8) of the section 10 of the...
![Budget 2022: Govt withdraws Exemptions to Income of Individuals assigned with Duties outside India for Co-operative Technical Assistance Programmes [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Government-withdraws-Exemptions-Income-of-Individuals-assigned-Duties-outside-India-co-operative-technical-assistance-programmes-taxscan.jpeg "Budget 2022: Govt withdraws Exemptions to Income of Individuals assigned with Duties outside India for Co-operative Technical Assistance Programmes [Read Finance Bill]")
![Budget 2022: Finance Minister announces Customs Reforms and Duty Rate Changes [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Customs-Duty-Budget-2022-Finance-Minister-Customs-Reforms-duty-rate-taxcsan.jpg "Budget 2022: Finance Minister announces Customs Reforms and Duty Rate Changes [Read Finance Bill]")
Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]
With a view to reduce the litigation and the cost, the Finance Minister has proposed a mechanism as per which, when in an appeal by revenue an identical question of law is pending before...
![Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Jurisdictional-High-Court-Supreme-Court-Litigation-Management-Identical-Question-of-Law-Taxscan.jpeg "Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]")
Budget 2022: Finance Minister reduces Alternate Minimum Tax Rate and Surcharge for Cooperatives [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman in her Budget Speech has announced the reduction in Alternate minimum tax rate and Surcharge for Cooperatives. Currently, cooperative societies are...
![Budget 2022: Finance Minister reduces Alternate Minimum Tax Rate and Surcharge for Cooperatives [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Budget-Scan-Budget-Session-Finance-Minister-Reduces-Alternate-minimum-tax-rate-and-Surcharge-Cooperatives-taxscan.jpeg "Budget 2022: Finance Minister reduces Alternate Minimum Tax Rate and Surcharge for Cooperatives [Read Finance Bill]")
Budget 2022: Finance Minister clarifies the stand on ‘Health and Education cess’ as Business Expenditure [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman in her Budget Speech has clarified the stand on ‘Health and Education cess’ as business expenditure. The income-tax is not an allowable expenditure for...
![Budget 2022: Finance Minister clarifies the stand on ‘Health and Education cess’ as Business Expenditure [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Budget-Session-Budget-Scan-Finance-Minister-Health-and-Education-cess-business-expenditure-Taxscan.jpg "Budget 2022: Finance Minister clarifies the stand on ‘Health and Education cess’ as Business Expenditure [Read Finance Bill]")
![Budget 2022: Income Tax Relief announced for differently-abled Persons [Read Finance Bill, 2022]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Income-Tax-Relief-Income-Tax-Differently-abled-Persons-Budgetwithtaxscan-Taxscan.jpg "Budget 2022: Income Tax Relief announced for differently-abled Persons [Read Finance Bill, 2022]")
Budget 2022: Tax Deduction Limit for State Govt Employees Hiked from 10% to 14% on NPS Accounts [Read Finance Bill 2022]
The Finance Minister, Nirmala Sitharaman while giving her budget speech announced the hike in Tax Deduction limit for State Government Employees from 10% to 14% on NPS accounts. "Both Centre and...
![Budget 2022: Tax Deduction Limit for State Govt Employees Hiked from 10% to 14% on NPS Accounts [Read Finance Bill 2022]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Budget-session-budget-scan-Tax-Deduction-limit-State-Government-Employees-NPS-accounts-Taxscan.jpeg "Budget 2022: Tax Deduction Limit for State Govt Employees Hiked from 10% to 14% on NPS Accounts [Read Finance Bill 2022]")