TMI Short Notes

TMI Short Notes on various issues

1201. Mandatory furnishing of return of income by certain persons

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1202. Inter-changeability of PAN & Aadhaar and mandatory quoting in prescribed transactions.

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1203. Consequence of not linking PAN with Aadhaar

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1204. Widening the scope of Statement of Financial Transactions (SFT)

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1205. MEASURES FOR PROMOTING LESS CASH ECONOMY - Prescription of electronic mode of payments

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1206. TDS on cash withdrawal to discourage cash transactions

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1207. Mandating acceptance of payments through prescribed electronic modes

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1208. TAX INCENTIVES - Incentives to International Financial Services Centre (IFSC):

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1209. Incentives to Non-Banking Finance Companies (NBFCs)

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1210. Relaxation in conditions of special taxation regime for offshore funds

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1211. Tax incentive for electric vehicles

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1212. Exemption of interest income of a non-resident arising from borrowings by way of issue of Rupee Denominated Bonds referred to under section 194LC

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1213. Tax incentive for affordable housing

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1214. Incentives to National Pension System (NPS) subscribers

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1215. Incentives for start-ups

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1216. Incentives for Category II Alternative Investment Fund (AIF)

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1217. FACILITATING RESOLUTION OF DISTRESSED COMPANIES - Measures for resolution of distressed companies

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1218. Prescription of exemption from deeming of fair market value of shares for certain transactions

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1219. IMPROVING EFFECTIVENESS OF TAX ADMINISTRATION - Online filing of application seeking determination of tax to be deducted at source on payment to non-residents

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1220. Electronic filing of statement of transactions on which tax has not been deducted

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1221. STRENGTHENING ANTI-ABUSE MEASURES - Tax on income distributed to shareholder in case of listed companies

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1222. Cancellation of registration of the Trust or Institution

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1223. REMOVING DIFFICULTIES FACED BY TAX PAYERS - Facilitating demerger of Ind-AS compliant companies

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1224. Relaxing the provisions of sections 201 and 40 of the Act in case of payments to non-residents

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1225. Clarification with regard to power of the Assessing Officer in respect of modified return of income filed in pursuance to signing of the Advance Pricing Agreement (APA)

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1226. Clarification with regard to provisions of secondary adjustment and giving an option to assessee to make one-time payment

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1227. Concessional rate of Short-term Capital Gains (STCG) tax to certain equity-oriented fund of funds.

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1228. Provide for pass through of losses in cases of Category I and Category II Alternative Investment Fund (AIF)
      1 Comment

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1229. Provision of credit of relief provided under section 89

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1230. TDS on non exempt portion of life insurance pay-out on net basis.

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1231. Clarification regarding definition of the “accounting year” in section 286 of the Act

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1232. Rationalisations of provisions relating to maintenance, keeping and furnishing of information and documents by certain persons

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1233. Compliance with the notification of exemption issued under section 56(2)(viib)

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1234. Consequential amendment to section 56

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1235. Rationalisation of penalty provisions relating to under-reported income

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1236. Rationalisation of the provisions of section 276CC

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1237. Rationalisation of provision relating recovery of tax in pursuance of agreements with foreign countries

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1238. Rationalisation of provisions relating to claim of refund.

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1239. Rationalisation of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

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1240. Rationalisation of the Income Declaration Scheme, 2016

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1241. Rationalisation of provisions relating to STT

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1242. Rationalizing the provisions of the Prohibition of Benami Property Transactions Act

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1243. Extension of tax concession to The Special Undertaking of the Unit Trust of India (SUUTI)

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1244. Amendments in Customs - FINANCE (No.2) BILL, 2019

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1245. AMENDMENTS IN THE CUSTOMS ACT, 1962 - FINANCE (No.2) BILL, 2019

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1246. AMENDMENTS IN THE CUSTOMS TARIFF ACT, 1975 - FINANCE (No.2) BILL, 2019

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1247. AMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975  - FINANCE (No.2) BILL, 2019
      1 Comment

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1248. PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES AND CLARIFICATORY AMENDMENTS IN RESPECTIVE NOTIFICATIONS - FINANCE (No.2) BILL, 2019

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1249. PROPOSALS INVOLVING CHANGES IN EXPORT DUTY RATES - FINANCE (No.2) BILL, 2019

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1250. AMENDMENT IN THE SIXTH SCHEDULE TO THE FINANCE ACT, 2018 - Customs - FINANCE (No.2) BILL, 2019

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