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TMI Short Notes

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TMI Short Notes on various issues

 

  1. Alignment of provisions of section 45(5A) with the TDS provisions of section 194-IC
  2. Rationalisation of exempt income under life insurance policies
  3. Preventing permanent deferral of taxes through undervaluation of inventory
  4. Special provision for taxation of capital gains in case of Market Linked Debentures
  5. Limiting the roll over benefit claimed under section 54 and section 54F
  6. Increasing rate of TCS of certain remittances
    1 Comment
  7. TDS and taxability on net winnings from online games
  8. Preventing misuse of presumptive schemes under section 44BB and section 44BBB
  9. Removal of exemption from TDS on payment of interest on listed debentures to a resident
  10. Tax avoidance through distribution by business trusts to its unit holders
  11. Removal of exemption of news agency under clause (22B) of section 10
  12. Extending deeming provision under section 9 to gift to not-ordinarily resident
  13. Extending the scope for deduction of tax at source to lower or nil rate
  14. Increasing threshold limits for presumptive taxation schemes
  15. Ease in claiming deduction on amortization of preliminary expenditure
  16. 15% concessional tax to promote new manufacturing co-operative society
  17. Facilitating certain strategic disinvestment
  18. Exemption to development authorities etc.
  19. Tax Incentives to International Financial Services Centre
  20. Conversion of Gold to Electronic Gold Receipt and vice versa
  21. Extension of date of incorporation for eligible start-up for exemption
  22. Relief to start-ups in carrying forward and setting off of losses
  23. Penalty for cash loan/ transactions against primary co-operatives
  24. Increasing threshold limit for co-operatives to withdraw cash without TDS
  25. Relief to sugar co-operatives from past demand
  26. Agnipath Scheme, 2022
  27. Promoting timely payments to Micro and Small Enterprises
  28. RETROSPECTIVE AMENDMENTS OF GST RATE NOTIFICATIONS
  29. AMENDMENTS IN THE UTGST ACT, 2017
  30. AMENDMENTS IN THE IGST ACT, 2017
  31. AMENDMENTS IN THE CGST ACT, 2017
  32. OTHER CHANGES [INCLUDING CERTAIN CLARIFICATIONS/TECHNICAL CHANGES]
  33. AMENDMENTS IN THE SCHEDULE VII OF THE FINANCE ACT, 2001 (NCCD SCHEDULE)
  34. CHANGE IN EFFECTIVE RATE OF ADDITIONAL BASIC EXCISE DUTY ON UNBLENDED PETROL AND DIESEL
  35. AMENDMENTS IN THE FOURTH SCHEDULE
  36. CHANGES IN RULES UNDER THE CUSTOMS ACT, 1962
  37. CHANGES IN EXPORT DUTY RATES IN NOTIFICATION NO. 27/2011 - CUSTOMS [with effect from 02.02.2022]
  38. ANTI-DUMPING DUTY (ADD)/ COUNTERVAILING DUTY (CVD)/SAFEGUARD MEASURES
  39. OTHER MISCELLANEOUS CHANGES IN VARIOUS NOTIFICATIONS PROVIDING CONCESSION ON IMPORTS
  40. REVIEW OF LEVY OF SOCIAL WELFARE SURCHARGE [SWS] ON VARIOUS ITEMS BY AMENDING NOTIFICATION NO. 11/2018- CUSTOMS DATED 02.02.2018
  41. DUTY CONCESSIONS ON SPECIFIED ITEMS WHEN IMPORTED BY BONAFIDE EXPORTERS
  42. OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES/HEALTH CESS IN RESPECTIVE NOTIFICATIONS [with effect from 2.2.2022, unless specified otherwise]
  43. PROPOSALS INVOLVING CHANGES IN EFFECTIVE BASIC CUSTOMS DUTY RATES IN RESPECT OF PHASED MANUFACTURING PROGRAM [PMP] WITH RESPECT TO SPECIFIC ELECTRONIC GOODS
  44. PRUNING AND REVIEW OF CUSTOMS DUTY CONCESSIONS/ EXEMPTIONS
  45. AMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975
  46. OTHER LEGISLATIVE AMENDMENTS PERTAINING TO CUSTOMS
  47. AMENDMENTS IN THE CUSTOMS ACT, 1962
  48. EXPLANATORY MEMORANDUM TO THE FINANCE BILL, 2022
  49. Promoting Voluntary Tax Compliance and Reducing Litigation
  50. Definition of the term “slump sale”:

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