No notional income for house property held as stock-in-trade u/s 23 till the certificate of completion of construction of the property is obtained No notional income for house property held as stock-in-trade Section 23 of the Act provides for the manner of determination of annual value of house …
Cost Inflation Index base shifted from 1981 to 2001 for computation of capital gains. Amendment to section 55 from AY 2018-19 by Budget 2017-18 Shifting base year from 1981 to 2001 for computation of capital gains. The existing provisions of section 55 provide that for computation of capital …
LTCG holding period immovable property reduced to 24 months from 36 months . Section 2(42A) Amendment in Budget 2017-18 MEASURES FOR PROMOTING AFFORDABLE HOUSING AND REAL ESTATE SECTOR Incentives for Promoting Investment in immovable property The existing provision of the Act provide for concessional rate of tax and …
TDS on Rent liability for assessee not covered under tax audit. New section 194IB for monthly rent exceeding Rs. 50000/-. TAN not required Budget 2017-18 : Deduction of tax at source in the case of certain Individuals and Hindu undivided family. The existing provisions of section 194-I of …
Budget 2017-18-Rationalization of taxation of dividend income. Provisions of section 115BBDA not to apply to domestic company and certain funds, trusts etc Budget 2017-18-Rationalization of taxation of dividend income Under the existing provisions of section 115BBDA, income by way of dividend in excess of Rs. 10 lakh is …
Budget 2017-18 Finance Minister Speech download -Tax Reforms. Relief to small tax payers and other measures announced in the Budget Budget 2017-18 Finance Minister Speech-Tax Reforms TAX REFORMS Relief to small tax payers Measures to boost growth and employment generation Incentivising domestic value addition to help Make in …
