Budget 2017 relaxes Provisions of Domestic Transfer Pricing

Currently, provisions of domestic transfer pricing are applicable to transactions between two domestic related parties even in situations where transactions between them are tax neutral from base erosion of Indian tax base point of view. […]

Budget 2017 came with Concessional rate of 10% for transfer of Pvt Company Shares

It is proposed to clarify that the amendment made by the Finance Act, 2016 in Section 112 of the Income-tax Act providing for concessional rate of tax in respect of transfer of share of a […]

Budget Changes on Authority for Advance Ruling (AAR)

It is proposed to merge the Authority for Advance Ruling (AAR) for Income-Tax with AAR for Customs, Central Excise and Service Tax; and create common AAR. It is also proposed to amend the qualifications for […]

Budget 2017 gave benefits for Investment in National Pension Scheme

In order to provide parity between an individual who is an employee and an individual who is self-employed, it is proposed to provide that the self-employed individual shall be eligible for deduction up to twenty […]

Budget 2017 expand Provisions of Section 133A

It is proposed to expand the provision of section 133A of the Income-tax Act so as to include any place at which activity for charitable purpose is carried on. Above mentioned provisions as given in […]

Download Finance Bill 2017 & Union Budget 2017

Here is the download link for Finance Bill 2017 as well as Union Budget 2017 presented today in Loksabha by Finance Minister. Click here to Download Budget Speech tabled 2017 – Budget Speech 2017 Click here to […]

Budget 2017 Changes in Income tax which are not covered in Speech

There are few changes in Direct tax, mainly Income tax act which are not covered by Finance Minister in his Speech on Budget Day. This is followed by Finance bill, 2017 which is available to download […]