https://www.taxtmi.com/news?id=25043 Direct tax measures introduce an Updated Return permitting declaration of omitted income within two years on payment of additional tax, reduce alternate minimum tax and surcharge for cooperative societies, extend start up and concessional regime timelines, establish a specific tax regime for transfers of virtual digital assets with fixed rate taxation, restrictive deductions, disallowance of set offs for losses and TDS on transfers and gifts, and adopt litigation management by deferring departmental appeals on identical legal questions pending in higher courts. en-us Tue, 01 Feb 2022 14:12:34 +0530 Tue, 01 Feb 2022 14:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25043 Direct tax measures introduce an Updated Return permitting declaration of omitted income within two years on payment of additional tax, reduce alternate minimum tax and surcharge for cooperative societies, extend start up and concessional regime timelines, establish a specific tax regime for transfers of virtual digital assets with fixed rate taxation, restrictive deductions, disallowance of set offs for losses and TDS on transfers and gifts, and adopt litigation management by deferring departmental appeals on identical legal questions pending in higher courts. News - Tue, 01 Feb 2022 14:12:34 +0530 https://www.taxtmi.com/news?id=25043