9911796707
TMI BlogBudget 2014-15 - THE FINANCE (No. 2) BILL, 2014 - Amendments Simplified [Notes to the clauses of Finance Bill]X X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2014-15 - THE FINANCE (No. 2) BILL, 2014 - Amendments Simplified [Notes to the clauses of Finance Bill] X X X X Extracts X X X X X X X X Extracts X X X X ..... ulars Notes to the Clauses * SERVICE TAX - SEZ - procedural simplification: [changes to have immediate effect] * SERVICE TAX - Simplification of partial reverse charge mechanism * SERVICE TAX - Point of Taxation Rules * SERVICE TAX - Place of Provision of Services Rules * SERVICE TAX - Cenvat Credit * Service Tax Rules - changes to have immediate effect * SERVICE TAX - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Compliance enhancement * SERVICE TAX - other amendments in Chapter V of the Finance Act, 1994 * SERVICE TAX - Retrospective Exemption * SERVICE TAX - New exemptions * Service tax on taxable portion in respect of transportation service by vessels * Service tax on service portion in Works Contracts - Rationalization * SERVICE TAX - Broadening the tax base * Central Excis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e - Proposals involving changes in rates of duty * Central Excise * Customs - Proposals involving changes in rates of duty * Customs - Baggage Rules * CUSTOMS * Credit of Alternate Minimum Tax * Extension of tax benefits under section 80CCD to private sector employees * Assessment of income of a person other than the person who has been searched * Obligation to furn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ish statement of Information * Provisional attachment under section 281B * Failure to produce accounts and documents * Mode of acceptance or repayment of loans and deposits * Interest payable by the assessee under section 220 * Estimate of value of assets by Valuation Officer * Inquiry by prescribed income-tax authority * Mutual Funds, Securitisation Trusts and Venture ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Capital Companies or Venture Capital Funds to file return of income * Power of survey * Income-tax Authorities * Losses in Speculation Business * Capital gains exemption on investment in Specified Bonds * Capital gains exemption in case of investment in a residential house property * Cost Inflation Index * Capital gains arising from transfer of an asset by way of compul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sory acquisition * Speculative transaction in respect of commodity derivatives * Transfer of Government Security by one non-resident to another non-resident * Extension of income-tax exemption to Special Undertaking of Unit Trust of India (SUUTI) * Income Computation and Disclosure Standards * Business of Plying, Hiring or Leasing Goods Carriages * Tax Deduction at Source ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... * Disallowance of expenditure for non- deduction of tax at source * Corporate Social Responsibility (CSR) * Applicability to earlier years of the registration granted to a trust or institution * Levy of Penalty under section 271G by Transfer Pricing Officers * Rationalisation of the Definition of International Transaction * Anonymous donations under section 115BBC * Canc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ellation of registration of the trust or institution in certain cases * Clarification in respect of section 10(23C) of the Act * Rationalisation of taxation regime in the case of charitable trusts and institutions * Signing and verification of return of income * Tax deduction at source from non-exempt payments made under life insurance policy * Taxability of advance for transfe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of a capital asset * Alternate Minimum Tax * Characterisation of Income in case of Foreign Institutional Investors * Roll back provision in Advance Pricing Agreement Scheme * Reduction in tax rate on certain dividends received from foreign companies * Concessional rate of tax on overseas borrowing * Deduction from income from house property * Raising the limit of dedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction under section 80C * Deduction in respect of capital expenditure on specified business * Extension of the sunset date under section 80-IA for the power sector * Investment Allowance to a Manufacturing Company * Taxation Regime for Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (Invit) * Tax on long-term capital gains on units * Long-term Capita ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Gains on debt oriented Mutual Fund and its qualification as Short-term capital asset
*
Dividend and Income Distribution Tax
*
RATES OF INCOME-TAX X X X X Extracts X X X X X X X X Extracts X X X X
|
