Delhi HC upholds Section 14A Disallowance in rejection of Retrospective Application of 2022 Amendment [Read Order]
In a recent ruling, the Delhi High Court dismissed the appeals and denied the retrospective application of the amendment made to the Finance Act,...
![Income Tax: CBDT releases Explanatory Notes to Provisions of Finance Act, 2022 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-CBDT-Explanatory-Notes-Finance-Act-taxscan.jpg "Income Tax: CBDT releases Explanatory Notes to Provisions of Finance Act, 2022 [Read Circular]")
Finance Bill 2022 provides Clarification on Deduction on Payment of Interest only on Actual Payment [Read Finance Bill]
The Finance Bill, 2022 has provided the Clarification regarding deduction on payment of interest only on actual payment. Certain taxpayers are claiming deduction under section 43B on account of...
![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]
From the assessment year 2021-2022, goodwill of a business or profession is not considered as a depreciable asset and there would not be any depreciation on goodwill of a business or profession in...
![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 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 year upto 30 November of following...
Finance Bill, 2022 provides clarity Section 80G Deduction for Voluntary Contributions for Renovation, Repair of Temples, Mosques, Gurudwaras, Churches [Read Finance Bill]
The Finance Bill, 2022 has provided the clarity Section 80G deduction for Voluntary Contributions for renovation, repair of temples, mosques, gurudwaras, churches. Donations for the renovation and...
![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]")