TMI Short Notes

TMI Short Notes on various issues

1. Patent Royalty Deduction Scheme to Boost Innovation and R&D in India : Clause 152 of the Income Tax Bill, 2025 Vs. Section 80RRB of the Income-tax Act, 1961

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2. Incentivize and support authors by providing a tax deduction on royalty and copyright income : Clause 151 of the Income Tax Bill, 2025 Vs. Section 80QQA of the Income-tax Act, 1961

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3. Tax Incentives for Strengthening Agricultural Producer Companies : Clause 150 of Income Tax Bill, 2025 Vs. Section 80PA of the Income-tax Act, 1961

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4. A Contemporary Recasting of Section 80P for Strengthening the Co-operative Sector : Clause 149 of the Income Tax Bill, 2025 Vs. Section 80P of the Income-tax Act, 1961

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5. Preventing Double Taxation of Corporate Dividends : Clause 148 of the Income Tax Bill, 2025 Vs. Section 80M of the Income-tax Act, 1961

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6. Future of Tax Incentives for Offshore Banking and IFSCs : Clause 147 of the Income Tax Bill, 2025 vs. Section 80LA of the Income Tx Act, 1961

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7. Continuing the legislative policy of incentivizing employment generation : Clause 146 of Income Tax Bill, 2025 vs. Section 80JJAA of Income Tax Act, 1961

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8. Tax Incentives for Bio-Degradable Waste Management in India : Clause 145 of the Income Tax Bill, 2025 Vs. Section 80JJA of the Income-tax Act, 1961

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9. Tax Incentives for reginal development in the North-Eastern States of India : Clause 143 of Income Tax Bill, 2025 vs. Section 80IE of Income-tax Act, 1961

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10. Transitional Tax Incentives for Affordable Housing : Clause 142 of Income Tax Bill, 2025 Vs. Section 80IBA of Income-tax Act, 1961

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11. Grandfathering Industrial Undertaking Deductions : Clause 141 of Income tax Bill, 2025 vs. Section 80IB of the Income Tax Act, 1961

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12. Tax Incentives for Start-ups in India : Clause 140 of Income Tax Bill, 2025 and Comparative Analysis with Section 80IAC of Income-tax Act, 1961

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13. Protecting SEZ Developers' Tax Incentives : Clause 139 of the Income Tax Bill, 2025 Vs. Section 80IAB of the Income-tax Act, 1961

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14. Assessing the Continuity and Reform of Infrastructure Tax Incentives under the Evolving Income Tax Framework : Clause 138 of Income Tax Bill, 2025 Vs. Section 80-IA of Income-tax Act, 1961

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15. Reforming Political Contribution Deductions for Transparency and Accountability : Clause 137 of Income Tax Bill, 2025 Vs. Section 80GGC of Income-tax Act, 1961

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16. Transparency and Tax Incentives in Political Funding : Clause 136 of the Income Tax Bill, 2025 Vs. Section 80GGB of the Income-tax Act, 1961

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17. Redefining Tax Deductions for Scientific and Rural Advancement : Clause 135 of the Income Tax Bill, 2025 vs. Section 80GGA of the Income Tax Act, 1961

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18. Modernising Charitable Tax Incentives : Clause 354(1) of Income Tax Bill, 2025 Vs. Section 80G(5) of Income Tax Act, 1961

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19. Modernizing Tax Benefits for Higher Education : Clause 129 of the Income Tax Bill, 2025 Vs. Section 80E of the Income Tax Act, 1961

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20. Promoting Affordable Housing through deduction in respect of interest on loans : Clause 130 of the Income Tax bill, 2025 Vs. Section 80EE of the income Tax Act, 1961

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21. Promoting Home Ownership by allowing deductions on interest payments : Clause 131 of Income tax Bill, 2025 Vs. Section 80EEA of the Income Tax act, 1961

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22. Promoting Green Transportation tax Incentives for Electric Vehicles : Clause 132 of the Income Tax Bill, 2025 Vs. Section 80EEB of the Income Tax Act, 1961

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23. Transformation of Tax Deduction Mechanism in respect of donations to certain funds : Clause 133 of the Income Tax Bill, 2025 Vs. Section 80G of the Income-tax Act, 1961

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24. Simplified Rent Deduction Mechanism for Non-HRA Assessees : Clause 134 of the Income Tax Bill, 2025 Vs. Section 80GG of the Income-tax Act, 1961

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25. offer financial relief to taxpayers who incur significant medical expenses on Specified Diseases in Clause 128 of Income Tax Bill, 2025 Vs. Section 80DDB of Income Tax Act, 1961

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26. Supportive Tax Provisions for Individuals and HUFs Caring for Disabled Dependents persons : Clause 127 of the Income Tax Bill, 2025 Vs. Section 80DD of the Income Tax Act, 1961

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27. Understanding Health Insurance Deductions : Insights from Clause 126 of the Income Tax Bill, 2025 Vs. Section 80D of the Income Tax Act, 1961

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28. Tax incentives to individuals who are enrolled in the Agnipath Scheme : Clause 125 of the Income Tax Bill, 2025 Vs. Section 80CCH of the Income Tax Act, 1961

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29. Tax Incentives for Pension Contributions under NPS : Clause 124 of the Income Tax Bill, 2025 Vs. Section 80CCD of the Income Tax Act, 1961

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30. Statutory provision offering tax deductions through savings and investments in specified financial products : Clause 123 of the Income Tax Bill, 2025 Vs. Section 80C of the Income Tax Act, 1961

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31. Comprehensive Guide to Understanding Deductions from Gross total income in Clause 122 of Income Tax Bill, 2025 Vs. Section 80A of Income Tax Act, 1961

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32. Conditions for submission of returns for losses and such losses can be carried forward and set off against future income : Clause 121 of Income Tax Bill, 2025 Vs. Section 80 of Income Tax Act, 1961

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33. Disallowing the set-off of losses against undisclosed income detected through searches, requisitions, or surveys : Clause 120 of Income Tax Bill, 2025 Vs. Section 79A of Income Tax Act, 1961

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34. Legal Insights into carry forward and set off of losses under the head "Capital gains" : Clause 111 of the Income Tax Bill, 2025 Vs. Section 74 of the Income Tax Act, 1961

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35. Condition for carry forward and set off of losses in cases of strategic restructuring : Clause 119 of the Income Tax Bill, 2025 and Comparison with Section 79 of the Income Tax Act, 1961

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36. Condition under which losses can be carried forward and set off against future profits : Clause 119 of the Income Tax Bill, 2025 Vs. Section 78 of the Income Tax Act, 1961

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37. Treatment of losses incurred in the activity of owning and maintaining race horses : Clause 115 of Income Tax Bill, 2025 Vs. Section 74A of Income-tax Act, 1961

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38. Structured mechanism for treatment of losses from specified businesses in Clause 114 of the Income Tax Bill, 2025 Vs. Comparison with Section 73A of the Income-tax Act, 1961

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39. Understanding the Tax Treatment of Speculation Losses in Clause 113 of Income Tax Bill, 2025 Vs. Section 73 of Income Tax Act, 1961

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40. Legal Frameworks for losses and unabsorbed depreciation Carry Forward in Co-operative Bank Mergers and Demergers in Clause 118 of the Income Tax Bill, 2025 Vs. Section 72AB of the Income Tax Act, 1961

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41. Strategic Disinvestment and Tax Benefits in Clause 117 of the Income Tax Bill, 2025 VS. Section 72AA of the Income Tax Act, 1961

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42. Analysis of Tax Provisions in Corporate Amalgamations Clause 116 of the Income Tax Bill, 2025 Vs. Section 72A of Income Tax Act, 1961

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43. Understanding the Business Loss Carry Forward Provisions in Clause 112 of the Income Tax Bill, 2025 Vs. Section 72 of the Income Tax Act, 1961

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44. Understanding the Carry Forward of House Property Losses in Clause 110 of Income Tax bill, 2025 Vs. Section 71B of Income Tax Act, 1961

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45. Addresses the set-off of losses under various heads of income In Clause 109 of Income Tax Bill, 2025 Vs. Section 71 of the Income Tax Act, 1961

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46. Understanding Loss Set-Off or carry forward and set-off of losses in Clause 108 of the Income Tax Bill, 2025 Vs. Section 70 of the Income Tax Act, 1961

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47. Tax treatment of amounts borrowed or repaid through instruments like hundis in Clause 106 of the Income Tax Bill, 2025, Vs. Section 69D of the Income Tax Act, 1961

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48. Taxation of Unexplained Expenditures in Clause 105 of Income Tax Bill, 2025 Vs. Section 69C of Income Tax Act, 1961

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49. Addressing the issue of undisclosed income through unexplained assets In Clause 104 of the Income Tax Bill, 2025 Vs. Section 69B of the Income Tax Act, 1961

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50. Understanding the Legal Framework for Unexplained Investments in Clause 103 of the Income Tax Bill, 2025 Vs. Section 69B of the Income-tax Act, 1961

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