Page 2 - Latest Updates on Finance Bill
Finance Bill: Withholding tax on royalty and technical fee doubled to 20%
The decision is part of the 64 amendments introduced through the Finance Bill 2023
 "Finance Bill: Withholding tax on royalty and technical fee doubled to 20%")
BS Weekend Bites: Crises, Finance Bill, Rahul, and PhysicsWallah in winter
In which we munch over the week's platter of news and views
 "BS Weekend Bites: Crises, Finance Bill, Rahul, and PhysicsWallah in winter")
Government proposes tax relief for REITs and InVITS in Finance Bill 2023
The Finance Bill had earlier proposed to tax distribution from business trust as income from other sources at applicable rate
 "Government proposes tax relief for REITs and InVITS in Finance Bill 2023")
Finance Bill 2023: Govt to scrap LTCG tax benefits on debt mutual funds
Lok Sabha passes Finance Bill with 64 amendments
 "Finance Bill 2023: Govt to scrap LTCG tax benefits on debt mutual funds")
Finance Bill 2023: STT hike on F&O likely to make a dent in volumes
Sebi study for FY22 had shown that 9 out of 10 F&O traders had incurred losses
 "Finance Bill 2023: STT hike on F&O likely to make a dent in volumes")
Taxing capital: Withdrawal of debt LTCG benefits should have been debated
The govt's step could push investors to choose riskier equity, or to fall back on bank deposits, thereby negatively impacting the debt market which actually needs to grow, writes T N Ninan
Experts welcome changes related to withholding tax hike in Finance bill
As per the Finance Bill, specified mutual funds where at least 65 per cent investment are in equity shares of domestic companies are also included in scope of the above deeming provision
Finance Bill: No respite for startups as Angel Tax effective from Apr 2024
Previously, many stakeholders had suggested the exclusion of investments from foreign companies in startups from the Angel Tax regime
 "Finance Bill: No respite for startups as Angel Tax effective from Apr 2024")
Taxpayers with income over Rs 7 lakh to get relief under new tax regime
The government has brought in amendments to the Finance Bill 2023, which has given 'marginal relief' to those taxpayers with annual income a little over Rs 7 lakh
STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023
Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains
 "STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023")
Lok Sabha passes Finance Bill with 64 official amendments with discussion
While moving the bill for passage and consideration, finance minister Sitharaman also announced the setting up of a committee under finance secretary to look into pension issues of government employee
 "Lok Sabha passes Finance Bill with 64 official amendments with discussion")
Finance Bill: Centre hikes STT on futures and options trading by up to 25%
STT was introduced in 2004 and is levied on transactions involving different types of securities through the stock exchange route
 "Finance Bill: Centre hikes STT on futures and options trading by up to 25%")
Proposed tax rejig may trigger outflow from debt MFs into equity: Analysts
The proposed amendment will also affect gold funds and international funds, analysts said, who believe that bank FDs will become more attractive
 "Proposed tax rejig may trigger outflow from debt MFs into equity: Analysts")
Finance Bill: How will new Mutual Fund rules impact investors from April 1?
New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change
 "Finance Bill: How will new Mutual Fund rules impact investors from April 1?")
Budget session: Nirmala Sitharman to move Finance Bill 2023 today
Union Finance Minister Nirmala Sitharaman on Friday, will move the Finance Bill 2023, to give effect to the financial proposals of the central government
 "Budget session: Nirmala Sitharman to move Finance Bill 2023 today")
How a new tax law has stumped Tata Trusts and top corporate donors
The Finance Bill proposes that if a charitable organisation donates to another charity then only 85 per cent of the donation will be considered as application of income for the donor organisation
 "How a new tax law has stumped Tata Trusts and top corporate donors")
'Angel Tax' provisions in finance bill will not impact startups: DPIIT Secy
There have already been changes on this front, including allowing long-term pension and insurance funds to invest in alternative investment funds
 "'Angel Tax' provisions in finance bill will not impact startups: DPIIT Secy")
Budget 2023: Read full text of Finance Bill as tabled in the Parliament
Here is the full text of the Finance Bill as tabled in the Parliament by finance minister Nirmala Sitharaman
ITR 2021-22: Everything you need to know about updated income tax return
In the Finance Bill, 2022, the government introduced the concept of 'updated ITR'. It allows the assessee to file the ITR within 24 months of the expiry of a financial year
 "ITR 2021-22: Everything you need to know about updated income tax return")
GST Council may defer decision on taxing crypto assets in June 28-29 meet
Fitment panel proposes deeper study by Haryana and Karnataka and asks to submit report to the panel for further deliberations
 "GST Council may defer decision on taxing crypto assets in June 28-29 meet")
