TMI Short Notes

TMI Short Notes on various issues

51. Amortisation of Expenditure for Prospecting Certain Minerals: Clause 51 of the Income Tax Bill, 2025 vs. Section 35E of the Income Tax Act, 1961

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52. Tax Provisions for Mineral Oil Exploration: Clause 54 of Income Tax Bill, 2025 vs. Section 42 of the Income Tax Act, 1961

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53. Calculation of the written down value (WDV): Clause 41 of Income Tax Bill, 2025 vs. Section 43 of Income-tax Act, 1961

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54. The Evolution of Asset Cost Computation in Business Income Head: Clause 39 of the Income Tax Bill, 2025 vs. Section 43 of the Income Tax Act, 1961

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55. Modernizing Definitions of various terms related to Business Income: Clause 66 of the Income Tax Bill, 2025 vs. Section 43 of the Income-tax Act, 1961

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56. Deemed profits and gains of business or profession: Clause 38 of Income Tax Bill, 2025 vs. Section 41 of Income Tax Act, 1961

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57. Ensuring Fair Tax Practices: An Analysis of Clause 36 in the Income Tax Bill, 2025 vs. Section 40A of the Income Tax Act, 1961

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58. Understanding various Deductions from Business Income: Clause 32 of the Income Tax Bill, 2025 vs. Section 40A of the Income-tax Act, 1961

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59. Tax Compliance and Non-Deductibility of certain expenditure: Clause 35 of the Income Tax Bill, 2025 vs. Section 40 of the Income-tax Act, 1961

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60. Building, etc., partly used for business, etc., or not exclusively so used: Clauses 28 and 33 of the Income Tax Bill, 2025 vs. Section 38 of the Income-tax Act, 1961

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61. The Evolution of Business Expenditure Deductions: Insights from Clause 34 of the Income Tax Bill, 2025 vs. Section 37 of the Income Tax Act, 1961

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62. Deduction from Business Income: Clause 32 of the Income Tax Bill, 2025 vs. Section 36 of the Income Tax Act, 1961

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63. Bad and doubtful debt deductions - Clause 31 of the Income Tax Bill, 2025 vs. Section 36 of Income Tax Act, 1961

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64. Digital Age Tax Enforcement: Understanding the Implications of Clause 247 of the Income Tax Bill, 2025 vs. Section 132 of the Income Tax Act, 1961

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65. Understanding Insurance Premium Deductions: Clause 30 of the Income Tax Bill, 2025 vs. Section 36 of Income-tax Act, 1961

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66. Employee welfare expenses: Clause 29 of the Income Tax Bill, 2025 vs. Sections 36 and 40A of the Income Tax Act, 1961

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67. Business Income Deductions - Employee Welfare Contributions: A Legal Perspective on Clause 29 and Section 40A

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68. Tax Incentives for Agricultural and Skill Development Projects: Clause 47 of Income Tax Bill, 2025 vs. Sections 35CCC and 35CCD

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69. Site Restoration Fund: Clause 49 and Schedule X of the Income Tax Bill, 2025 vs. Section 33ABA of the Income Tax Act, 1961

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70. Incentivizing Investment in Specified Businesses: Clause 46 vs. Section 35AD

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71. Amortization of Preliminary Expenses in the Income Tax Bill, 2025: Clause 44 vs. Section 35D

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72. Clause 52 of the Income Tax Bill, 2025 Explained: Amortisation of expenses and Tax Implications for Telecommunications and Corporate Restructuring

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73. Tax Incentives for Scientific Research: Clause 45 of the Income Tax Bill, 2025 vs. Section 35

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74. Clause 33 vs. Section 32: A Comparative Analysis of Depreciation Provisions

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75. Business income deductions against Rent, repairs etc.: Clause 28 of the Income Tax Bill, 2025 Compared with Sections 30 and 31 of the Income-tax Act, 1961
    1 Comment

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76. Business Income: Comparative Analysis of Clause 26 of the Income Tax Bill, 2025 and Section 28 of the Income-tax Act, 1961

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77. Rental Income from House Property: Owner Definition Under Income Tax Bill 2025 and Income Tax Act 1961

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78. Property Co-ownership Provisions for Rental Income: Section 26 of Income Tax Act, 1961 and Clause 24 of Income Tax Bill, 2025

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79. House Property Income Deductions: Comparing Clause 22 of Income Tax Bill, 2025 with Sections 24 and 25 of Income Tax Act, 1961.

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80. Changes in Taxation of Arrears of Rent and Unrealised Rent: Clause 23 of Income Tax Bill, 2025, with Section 25A of Income-tax Act, 1961

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81. Evolution of Annual Value Determination of Property Income: Section 23 of Income Tax Act, 1961 and Clause 21 of Income Tax Bill, 2025

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82. Income from House Property: Section 22 of Income Tax Act, 1961 Versus Clause 20 of Income Tax Bill, 2025

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83. A Comparative Analysis of "Profits in Lieu of Salary" Under the New Tax Regime: Clause 18 of Income Tax Bill, 2025 vis-a-vis Section 17(3) of Income-tax Act, 1961.

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84. A Comparative Analysis of Perquisite Provisions: Income Tax Bill, 2025 vs Income Tax Act, 1961

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85. A Comparative Analysis of Salary Definition: Income Tax Bill, 2025 vs. Income-tax Act, 1961

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86. Analysis of Changes in Deductions from Salaries: Comparing Clause 19 of Income Tax Bill, 2025 with existing sections 16 and 10 of the Income Tax Act, 1961.

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87. Analysis of Salary Taxation: Section 15 of Income Tax Act 1961 vs Clause 15 of Income Tax Bill 2025

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88. Provisions Relating to Expenditure Disallowance for Non-Taxable Income: comparing Clause 14 of Income Tax Bill, 2025, with Section 14A of Income-tax Act, 1961

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89. A Comprehensive Analysis of Tax Provisions for Political Parties and Electoral Trusts: From Income Tax Act, 1961 to Income Tax Bill, 2025

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90. Capital assets or stock in trade: Analysis of Section 9B of Income-tax Act, 1961 and Clause 8 of Income Tax Bill, 2025

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91. Analysis of Deemed Accrual of Income in India: A Comprehensive Review of Clause 9 of Income Tax Bill, 2025

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92. Income Deemed to Accrue or Arise in India: A Comparative Analysis of Current and Proposed Provisions

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93. Evolution of Deemed Income Provisions: A Comparative Analysis of Income Tax Bill 2025 and Income-tax Act 1961

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94. A Comparative Analysis of Residential Status Provisions: Income Tax Bill 2025 vs Income-tax Act 1961

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95. Apportionment of Income Between Spouses Under Portuguese Civil Code: A Comparative Analysis of Income Tax Provisions

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96. A Comparative Analysis of Scope of Total Income: Section 5 of Income-tax Act, 1961 and Clause 5 of Income Tax Bill, 2025

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97. Regulatory Framework for Commercial Activities by Non-Profit Organizations: A Comparative Analysis of Income Tax Bill, 2025 and Income-tax Act, 1961

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98. Rates of income-tax in respect of income liable to tax for the assessment year 2025-26.

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99. Tax rates under Part I of the First Schedule applicable for the assessment year 2025-26

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100. Co-operative Societies - Tax Rates For the assessment year 2025-26

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