Budget Highlights: Key Direct Tax proposals in Budget2023.
In Budget2023 several amendments have been proposed for rationalising the provisions relating to Charitable Trusts and Institutions to provide clarity on tax treatment.
Key Direct Tax proposals in Budget2023.
Budget2023 proposes to enable prescription of a uniform method for computation of the value of perquisite with respect to accommodation provided by employers to their employees.
Budget Highlights: Key Direct Tax proposals in Budget2023.
It is proposed to decrease TDS from 30% to 20% on withdrawal of taxable component of the Employees’ Provident Fund (EPF) Scheme in non-PAN cases.
Budget Highlights: Key Direct Tax proposals in Budget2023.
Budget2023 proposes to allow the benefit of rates of tax as specified in tax treaties at the time of TDS on payment of certain income to non-resident.
Budget Highlights: Key Direct Tax proposals in Budget2023
It is proposed to provide a time limit for an SEZ unit to bring proceeds from exports of goods/services into India.Filing of ITR also proposed to be made mandatory for claiming deduction on export income
Budget Highlights: Key Direct Tax proposals in Budget2023.
It is proposed that certain acts of omission of liquidator under Section 276A of the Income-tax Act, 1961 will be decriminalized with effect from 1st April, 2023
Key Direct Tax proposals in Budget2023.
To facilitate taxpayers to claim credit for TDS on income of an earlier year deducted in a later year, where tax has been paid in the earlier year, amendment has been proposed in Budget2023.
