The file contains Decoding of Finance Budget 2017 with Key Analysis and Practical Illustration - Series 2 - by Anuraag Singhaal CA(2005) & CPA(2008). For any further clarification, you can reach out at anuraagsinghaal@outlook.com. India Finance Budget 2017 Analysis alongwith Examples
In Series 2, following sections where amendments are proposed in India Finance Budget 2017 are analyzed. The amendments are analyzed alongwith illustrations:
-- Capital Gains on sale of unlisted shares by non-residents –> Section 112
-- Exemption of income of Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund –> Section 10(23C)
-- Correct reference to FEMA instead of FERA –> Section 10(4)
-- Tax-exemption to partial withdrawal from National Pension System (NPS) –> Section 10(12B)
-- Rationalisation of deduction for NPS for self-employed individual –> Section 80CCD
-- Restriction on set-off of loss from House property –> Section 71(3A)
-- Reason to believe to conduct a search, etc. not to be disclosed –> Section 132 & 132A
-- Power of provisional attachment and to make reference to Valuation Officer to authorised officer –> Section 132
-- Rationalisation of the provisions in respect of power to call for information –> Section 133
-- Extension of the powers to survey –> Section 133A #pdf