https://www.taxtmi.com/article/detailed?id=9827 Amendments introduce higher withholding obligations: withholding at original rates on non-salary payments, an elevated withholding regime for payments to specified non filers, and withholding on purchase of goods by specified buyers. Provident fund interest on employee contributions above prescribed thresholds is taxable; employer must timely deposit employee contributions to claim deductions. Goodwill is not depreciable and its purchase price is treated as cost for capital gains with prior depreciation adjustments. Filing windows, audit thresholds, tax regime election filing, exclusions from presumptive taxation, ULIP equity conditions, notice timelines, equalisation levy scope, and assessment time limits are also modified. en-us Mon, 07 Jun 2021 10:14:44 +0530 Mon, 07 Jun 2021 10:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9827 Amendments introduce higher withholding obligations: withholding at original rates on non-salary payments, an elevated withholding regime for payments to specified non filers, and withholding on purchase of goods by specified buyers. Provident fund interest on employee contributions above prescribed thresholds is taxable; employer must timely deposit employee contributions to claim deductions. Goodwill is not depreciable and its purchase price is treated as cost for capital gains with prior depreciation adjustments. Filing windows, audit thresholds, tax regime election filing, exclusions from presumptive taxation, ULIP equity conditions, notice timelines, equalisation levy scope, and assessment time limits are also modified. Articles Income Tax Mon, 07 Jun 2021 10:14:44 +0530 https://www.taxtmi.com/article/detailed?id=9827