First Schedule

Rate Structure, 3.1 - 3.4

Income-tax Act, 1961

2

Change in the definition of capital asset, 4.1-4.5

10

Change in the definition of keyman insurance policy, 5.1-5.5 ; exemption to income of investor Protection Fund of depositors, 6.1-6.3; pass through status to certain Alternative Investment Funds, 7.1-7.4; exemption of income received in India in Indian currency by a foreign company, 8.1-8.4 ; exemption to National Financial Holdings Company Limited, 9.1-9.3.

Insertion of new section 32AC

Incentive for acquisition and installation of new plant or machinery by manufacturing company, 10.1-10.4.

36

Clarification for amount to be eligible for deduction as bad debts in case of banks, 11.1-11.8.

40

Disallowance of certain fee, charge, etc. in case of State Government Undertakings, 12.1-12.3.

Insertion of new section 43CA

Computation of income under the head -profits and gains of business or profession - for transfer of immovable property in certain cases, 13.1-13.4.

Taxability of immovable property received for inadequate consideration, 14.1-14.4.

Raising of limit of percentage of eligible premium for life insurance policies of persons with disability or disease, 15.1-15.6.

Expanding the scope and deduction and its eligibility under the section, 16.1-16.5.

Deduction for contribution to Health Schemes similar to Central Government Health Scheme (CGHS), 17.1-17.3.

Deduction in respect of interest on loan sanctioned during financial year 2013-14 for acquiring residential house property, 18.1-18.4.

One hundred per cent deduction for donation to National Children‘s Fund, 19.1-19.4.

Contribution not to be in cash for deduction under section 80GGB&80GGC, 20.1-20.3 .

Extension of the sunset date under the section for the power sector, 21.1-21.3.

Deduction for additional wages in certain cases, 22.1 - 22.6.

Rebate of 2000 for individuals having total income up to Rs. 5 lakh, 23.1-23.4.

Tax Residency Certificate, 24.1-24.5.

General Anti Avoidance Rule (GAAR), 25.1-25.5.

Taxation of income by way of Royalty or fees for technical services, 26.1-26.4.

Lower rate of tax on dividends received from foreign companies, 27.1-27.3.

Removal of the cascading effect of Dividend Distribution Tax (DDT), 28.1-28.5.

Additional income-tax on distributed income by company for buy-back of unlisted shares, 29.1-29.4.

Rationalisation of tax on distributed income by the Mutual Funds, 30.1-30.5.

Taxation of securitisation trusts, 31.1 - 31.4.

Application of seized assets, 32.1 - 32.3.

Replacement of terms -Foreign Exchange Regulation Act, 1947 - and Foreign Exchange Regulation Act, 1973 'with -Foreign Exchange Management Act, 1999', 33.1-33.4.

Return of income filed without payment of self-assessment tax to be treated as defective return, 34.1-34.3 .

Direction of special audit under sub-section (2A) of the section, 35.1-35.3.

Exclusion of time I computing the period of limitation for completion of assessments and reassessments, 36.1-36.6 ; time limit for completion of assessment or reassessment where reference is made to the transfer pricing officer, 37.1-37.6.

Clarification of the phrase -tax due - for the purposes of recovery in certain cases, 38.1-38.3.

Tax Deduction at Source (TDS) on transfer of certain immovable properties (other than agricultural land), 39.1-39.6.

Income by way of interest on certain bonds and Government securities, 40.1-40.2.

Meaning of person -responsible for paying - under Chapter XVII, 41.1-41.4.

Exemption from requirement of furnishing PAN under section 206AA to certain non-resident bond holder, 42.1-42.3.

Removal of exemption from levy of Tax Collection at Source (TCS) to cash sale of any coin or any other article weighing 10 grams or less, 43.1-43.2.

Appointment of President of the Appellate Tribunal, 44.1 - 44.4.

Substitution of new section for section 271FA

Penalty under section 271FA for non-filing of Annual Information Return, 45.1-45.5.

Fourth Schedule

Extension of time for approval, 46.1 - 46.5.

2

Change in the definition of capital asset, ; exemption from wealth tax to agricultural land situated in urban area, 47.1-47.3.

Insertions of new sections 14A and 14B and amendment of section 46

Enabling provisions for facilitating electronic filing of annexure-less return of net wealth, 48.1-48.4.

Section 98 of the Finance (No.2) Act, 2004

Rationalisation of securities transaction tax rates, 49.1-49.3.

Chapter VII of the Finance Act, 2013 and amendment in sections 36 and 43 of the Income-tax Act, 1961

Commodities Transaction Tax, 50.1-50.6.2.