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TMI Short Notes

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TMI Short Notes on various issues

 

  1. Removal of exemption from TDS on payment of interest on listed debentures to a resident
  2. Tax avoidance through distribution by business trusts to its unit holders
  3. Removal of exemption of news agency under clause (22B) of section 10
  4. Extending deeming provision under section 9 to gift to not-ordinarily resident
  5. Extending the scope for deduction of tax at source to lower or nil rate
  6. Increasing threshold limits for presumptive taxation schemes
  7. Ease in claiming deduction on amortization of preliminary expenditure
  8. 15% concessional tax to promote new manufacturing co-operative society
  9. Facilitating certain strategic disinvestment
  10. Exemption to development authorities etc.
  11. Tax Incentives to International Financial Services Centre
  12. Conversion of Gold to Electronic Gold Receipt and vice versa
  13. Extension of date of incorporation for eligible start-up for exemption
  14. Relief to start-ups in carrying forward and setting off of losses
  15. Penalty for cash loan/ transactions against primary co-operatives
  16. Increasing threshold limit for co-operatives to withdraw cash without TDS
  17. Relief to sugar co-operatives from past demand
  18. Agnipath Scheme, 2022
  19. Promoting timely payments to Micro and Small Enterprises
  20. RETROSPECTIVE AMENDMENTS OF GST RATE NOTIFICATIONS
  21. AMENDMENTS IN THE UTGST ACT, 2017
  22. AMENDMENTS IN THE IGST ACT, 2017
  23. AMENDMENTS IN THE CGST ACT, 2017
  24. OTHER CHANGES [INCLUDING CERTAIN CLARIFICATIONS/TECHNICAL CHANGES]
  25. AMENDMENTS IN THE SCHEDULE VII OF THE FINANCE ACT, 2001 (NCCD SCHEDULE)
  26. CHANGE IN EFFECTIVE RATE OF ADDITIONAL BASIC EXCISE DUTY ON UNBLENDED PETROL AND DIESEL
  27. AMENDMENTS IN THE FOURTH SCHEDULE
  28. CHANGES IN RULES UNDER THE CUSTOMS ACT, 1962
  29. CHANGES IN EXPORT DUTY RATES IN NOTIFICATION NO. 27/2011 - CUSTOMS [with effect from 02.02.2022]
  30. ANTI-DUMPING DUTY (ADD)/ COUNTERVAILING DUTY (CVD)/SAFEGUARD MEASURES
  31. OTHER CHANGES (INCLUDING CERTAIN CLARIFICATIONS/TECHNICAL CHANGES BY AMENDING NOTIFICATION NO. 50/2017-CUSTOMS DATED 30.06.2017
  32. OTHER MISCELLANEOUS CHANGES IN VARIOUS NOTIFICATIONS PROVIDING CONCESSION ON IMPORTS
  33. REVIEW OF LEVY OF SOCIAL WELFARE SURCHARGE [SWS] ON VARIOUS ITEMS BY AMENDING NOTIFICATION NO. 11/2018- CUSTOMS DATED 02.02.2018
  34. DUTY CONCESSIONS ON SPECIFIED ITEMS WHEN IMPORTED BY BONAFIDE EXPORTERS
  35. OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES/HEALTH CESS IN RESPECTIVE NOTIFICATIONS [with effect from 2.2.2022, unless specified otherwise]
  36. PROPOSALS INVOLVING CHANGES IN EFFECTIVE BASIC CUSTOMS DUTY RATES IN RESPECT OF PHASED MANUFACTURING PROGRAM [PMP] WITH RESPECT TO SPECIFIC ELECTRONIC GOODS
  37. PRUNING AND REVIEW OF CUSTOMS DUTY CONCESSIONS/ EXEMPTIONS
  38. AMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975
  39. OTHER LEGISLATIVE AMENDMENTS PERTAINING TO CUSTOMS
  40. AMENDMENTS IN THE CUSTOMS ACT, 1962
  41. EXPLANATORY MEMORANDUM TO THE FINANCE BILL, 2022
  42. Promoting Voluntary Tax Compliance and Reducing Litigation
  43. Definition of the term “slump sale”:
  44. Reduction of Goodwill from block of assets to be considered as ‘transfer’
  45. Income-tax authorities for the purposes of section 133A of the Act
  46. Amendment in the provisions of section 119 of Income-tax Act
  47. Amendment in the provisions of section 263 of the Act
  48. Amendment to sub-section (1A) of section 35
  49. Consequential Amendments
  50. Clarifying that application will be allowed only when its actually paid

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