Budget Highlights

Budget Highlights   No change in Tax Rates. Surcharge  and Cess to continue as existing. However a new Section 115 BAC is being introduced whereby an individual and HUF can opt to pay tax as per new tax rates in case it ...
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Union Budget 2020 & NRI Taxation: An overview

Union Budget 2020 & NRI Taxation: An overview The period of recognising the person as resident vis a vis non resident has been proposed to undergo a sea change, as under: Tax Residency Period for Indian Citizens and Person ...
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Summary of Union Budget 2020-21

  Summary of Union Budget 2020-21 UNION BUDGET 2020- 21 PRESS INFORMATION BUREAU GOVERNMENT OF INDIA ****** Summary of Union Budget 2020-21 New Delhi, 1st February, 2020 PART-A Presenting the first Union Budget of the third decade of the 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series ...
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BUDGET AT A GLANCE

Budget at a Glance:   Highlights on GST Benefit to MSMEs through enhanced threshold and composition limits. 20 per cent reduction in turn around time for trucks. Savings of about 4 per cent of monthly spending for an average household. ...
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Prosecution provision rationalized under section 276CC

Prosecution provision rationalized under section 276CC The existing provisions of section 276CC of the Act, inter alia, provide that prosecution proceedings for failure to furnish returns of income against a person shall not proceeded against, for failure to furnish the ...
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