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Changes under Direct Tax are: Ø A new provision permitting taxpayers to file an Updated Return on payment of additional tax. This updated return can be filed within two years from the end of the relevant assessment year. Ø To reduce Alternate Minimum Tax to 15% for cooperative societies. Ø to reduce the surcharge on co-operative societies from present 12 percent to 7 percent for those having total income of more than Rs.1 crore and up to Rs.10 crores Ø To increase the tax deduction limit from 10 percent to 14 percent on employer’s contribution to the NPS account of State Government employees as well Ø Eligible start-ups established before 31.3.2022 had been provided a tax incentive for three consecutive years out of ten years from incorporation. In view of the Covid pandemic period of incorporation of the eligible start-up will be extended by one more year, that is, up to 31.03.2023 for providing such tax incentive. Ø Any income from the transfer of any virtual digital asset shall be taxed at the rate of 30 percent. The gift of a virtual digital asset is also proposed to be taxed in the hands of the recipient. TDS on payment made in relation to transfer of virtual digital asset at the rate of 1 percent of such consideration above a monetary threshold Ø Surcharge on Long Term Capital gain on transfer of any asset has been capped at 15% Ø No changes in Income Tax Slab Rates.
Boron tolerant crop is
Which of the following is a function of Vigilance Committee established under National Food Security Act, 2013?
Trichoderma viride, a bioagent to control some diseases in crop plants, acts as…………………….
Which of the following crop is a source methane and nitrous oxide emission into the atmosphere?
Which of the following Institute has recently developed genetically-modified cotton varieties?
How do plants establish a pressure gradient to facilitate water movement in the soil?
Which of the following is a macronutrient essential for plant growth?
Under the PM-KISAN scheme, all landholding farmers' families shall be provided the financial benefit of Rs.____/-per annum per family payable in three e...
Which of the following is not the mandate crop of ICRISAT
Which of the following is/are aquatic weeds?