Suggestions on Section 44AB as proposed to be amended by Finance Bill 2017- Increased threshold for presumptive tax cases under section 44AD – Consequential amendments required in section 194A/ 194H/ 194I & 194J The Finance Bill, 2017 proposes to amend the section 44AB to exclude the eligible person, who declares profits for the previous year… Read More »
ICAI submits Post-Budget Memoranda-2017 – (27-02-2017) Download
Income Tax Effect on Let out property What Finance Bill 2017 says about Loss from House Property As per Finance Bill 2017, the set-off of loss from house property against income from any other source is restricted to R2 lakh per annum. Balance loss, if any, will be carried forward for eight subsequent years to… Read More »
BMR Advisors Webinar on the Finer nuances of Transfer Pricing Budget 2017 Amendments Published on Feb 15, 2017 One of the key amendment proposed by the Finance Bill, 2017 is introducing the concept of secondary adjustment by the insertion of Section 92CE to the Act. This has been widely debated in India and also used… Read More »
BMR Advisors Post – Budget Webinar analyzing the fine prints of Union Budget 2017 Published on Feb 15, 2017 In the light of this year’s Union Budget, BMR Advisors presented a post-budget webinar, with BMR expert panelists analyzing the fine prints of Union Budget 2017.
Change or modifications of object and filing of return of income in case of entities exempt under sections 11 and 12 Summary : Section 12A is proposed to be amended by Finance Bill 2017 to provide that any trust or institution availing benefit of tax exemption under section 11 should inform the CIT within 30… Read More »
No exemption for corpus donation by exempt entities to other exempt entities [ Amendment in Section 11 of Income Tax Act – Applicable from Assessment Year 2018-19] Relevant extracts from Explanatory memorandum to the provisions of Finance Bill 2017 Restriction on exemption in case of corpus donation by exempt entities to other exempt entities As… Read More »
Clause by Clause Discussion on Union Budget-2017 – DIRECT TAXES Published on Feb 18, 2017 on 10.2.2017 by speakers: CA. H. Padamchand Khincha, CA. K K Chythanya, CA. S Ramasubramanian
Impact of Direct Tax proposals in Budget 2017 Published on Feb 18, 2017 on 15.2.2017 by CA Gururaj Acharya K
Girish Ahuja on Expert Analysis of Finance Bill (Budget) 2017 Ahmedabad Branch of WIRC of ICAI with Dr. CA. Girish Ahuja on Expert Analysis of Finance Bill (Budget) 2017 on 3rd February 2017 Books on Budget 2017-18 Taxmann’s Budget 2017-18 -Book Budget 2017-18- Notifications on Central Excise , Customs and Service tax – New Book… Read More »