AMENDMENTS AT A GLANCE
Section/Schedule | Particulars/Paragraph number |
|---|---|
Finance Act | |
First Schedule | Rate Structure, 3.1-3.3-6 |
Income-tax Act | |
2(15) | Change in the Definition of “charitable purpose”, 4.1-4.4 |
9 | Income deemed to accrue or arise in India to a non-resident, 5.1-5.4 |
10AA | Computation of exempted profits in the case of units in Special Economic Zones (SEZs), 6.1-6.2 |
12A | Cancellation of registration obtained under section 12A, 7.1-7.4 |
35, 10(21) | Weighted deduction for scientific research and development, 8.1-8.8 |
35AD | Investment linked deduction for specified businesses, 9.1.1-9.3.2 |
40(a)(ia), 201, 271B | Disallowance of expenditure on account of non-compliance with TDS provisions, 10.1.1-10.2.3 |
44AB, 44AD | Limit of turnover or gross receipts for the purpose of audit of accounts and for presumptive taxation, 11.1-11.5 |
32, 47, 35DDA, 43, 47A, 49, 72A, 115JAA | Conversion of a private company or an unlisted public company into a limited liability partnership (LLP), 12.1-12.9 |
56 | Taxation of certain transactions without consideration or for inadequate consideration, 13.1-13.7 |
80C | Deduction in respect of long-term infrastructure bonds, 14.1-14.2 |
80D | Deduction in respect of contribution to the Central Government Health Scheme (CGHS), 15.1-15.4 |
80-IB(10) | Deduction for developing and building housing projects, 16.1-16.5 |
80-ID | Deduction of profits of a hotel or a convention centre in the National Capital Territory (NCT), 17.1-17.3 |
115JB | Minimum Alternate Tax under Section 115JB, 18.1-18.3 |
143 | Centralised Processing of Returns, 19.1-19.4 |
194B, 194BB, 194C, 194D, 194H, 194-I, 194J | Rationalisation of provisions relating to Tax Deduction at Source (TDS), 20.1-20.3 |
203, 206C | Certificate of Tax Deduction at Source (TDS) and Tax Collection at Source (TCS), 21.1-21.3 |
245A, 245C, 245D | Settlement Commission, 22.1-22.5 |
256, 260A | Power of the High Court to condone delay in filing of appeals, 23.1-23.7 |
282B | Document Identification Number, 24.1-24.2 |
First Schedule | Taxation of income of non-life insurance business, 25.1-25.5 |
CBDT Circular No. 1/2011 [F.No. 142/1/2011-SO(TPL)] Dated: April 6, 2011