Very brief overview of the provisions contained in DTC 2013 with regard to domestic taxation.

1. Direct Tax Code
CA. DHRUV SETH
DS@SETHSPRO.COM
31ST OCTOBER, 2014

2. Key Insights
New Concepts of
Business Assets
Investment Assets
Speical Sources
Ordinary Sources

3. Key Highlights
All direct taxes in one act
Less of explanations and proviso
Extensive use of tables
Large part in rules

4. Key Insights
Income from house property
restricted to residential property
only.
CSR expenditure not to be
allowed

5. Key Insights
Income from house property
restricted to residential property
only.
CSR expenditure not to be
allowed

6. Key Insights
Holding period to be calculated
from the end of financial year
House repairs allowed @ 20%
instead of 30% currently.

7. Key Insights
Medical allowance allowed from
current Rs. 15,000 to Rs. 50,000/-.
Return filing time reduced by
one month

8. “
”
Thank You
CA. DHRUV SETH
DS@SETHSPRO.COM