https://www.taxtmi.com/article/detailed?id=5716 Union Budget 2014 revises Income-tax provisions: it treats advance forfeiture as income from other sources, restricts the residential property reinvestment exemption to one property and caps Section 54EC deductions, treats FII securities dealings as capital gains, extends holding periods for non-equity mutual fund units, denies depreciation as application of income for registered trusts, excludes CSR spending from business deductions, amends Section 40(a)(ia) scope and limits, expands survey and information-call powers, and replaces accounting standards terminology with Income Computation and Disclosure Standards. en-us Fri, 11 Jul 2014 15:01:08 +0530 Fri, 11 Jul 2014 15:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5716 Union Budget 2014 revises Income-tax provisions: it treats advance forfeiture as income from other sources, restricts the residential property reinvestment exemption to one property and caps Section 54EC deductions, treats FII securities dealings as capital gains, extends holding periods for non-equity mutual fund units, denies depreciation as application of income for registered trusts, excludes CSR spending from business deductions, amends Section 40(a)(ia) scope and limits, expands survey and information-call powers, and replaces accounting standards terminology with Income Computation and Disclosure Standards. Articles Income Tax Fri, 11 Jul 2014 15:01:08 +0530 https://www.taxtmi.com/article/detailed?id=5716