Page 13 - Union Budget_2019
P. 13
Union Budget 2019
Clarification regarding definition of the “accounting year” in 1st April,
28 Retrospective
section 286 of the Act 2017
1st April
29 Clarification with regard to provisions of secondary adjustment Retrospective
2018
1st
Giving an option to assessee to make one-time payment under
30 Prospective September,
secondary adjustment
2019
Rationalisations of provisions relating to maintenance, keeping 1st April,
31 Prospective
and furnishing of information and documents by certain Persons 2020
1 April,
st
32 Prescription of electronic mode of payments – 80JJA Prospective
2020
st
1
33 Prescription of electronic mode of payments – 269SSS Prospective September
2019
1st
Mandating acceptance of payments through prescribed
34 Prospective November,
electronic modes
2019
1st April,
35 Measures for resolution of distressed companies Prospective
2020
1st
36 Cancellation of registration of the Trust or Institution Prospective September,
2019
1st April,
37 Provision of credit of relief provided under section 89 Retrospective
2007
1st April,
38 Consequential amendment to section 56 Retrospective
2017
Rationalisation of penalty provisions relating to under-reported 1st April,
39 Retrospective
income 2017
1st
40 Rationalisation of provisions relating to claim of refund Prospective September,
2019
1st
41 Rationalisation of provisions relating to STT Prospective September,
2019
st
1 April,
42 Mandatory furnishing of return of income by certain persons Prospective
2020
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