https://www.taxtmi.com/article/detailed?id=12826 Amendments reallocate income from owner-let residential property to income from house property, raise the employer pension contribution deduction cap from ten to fourteen percent of salary, broaden the non-deductible expenditure rule to cover settlement of proceedings under notified laws, and increase allowable working-partner remuneration limits with retention of a 90% book-profit alternative. The Bill omits certain Section 43D provisions and revises shipping rules, introducing a deeming provision that treats a prescribed portion of cruise passenger receipts of non-residents as profits chargeable as business income. en-us Sat, 27 Jul 2024 09:58:44 +0530 Sat, 27 Jul 2024 09:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12826 Amendments reallocate income from owner-let residential property to income from house property, raise the employer pension contribution deduction cap from ten to fourteen percent of salary, broaden the non-deductible expenditure rule to cover settlement of proceedings under notified laws, and increase allowable working-partner remuneration limits with retention of a 90% book-profit alternative. The Bill omits certain Section 43D provisions and revises shipping rules, introducing a deeming provision that treats a prescribed portion of cruise passenger receipts of non-residents as profits chargeable as business income. Articles Budget - Tax Proposals Sat, 27 Jul 2024 09:58:44 +0530 https://www.taxtmi.com/article/detailed?id=12826