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Budget 2020: DDT proposed to be removed
Press Information Bureau Government of India Ministry of Finance DDT proposed to be removed; to lead to estimated annual revenue forgone of Rs. 25,000 crore Tax Concessions Announced for Sovereign Wea...
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Increase in Customs Duty on Footwear and Furniture to promote domestic MSMEs
Press Information Bureau Government of India Ministry of Finance Increase in Customs Duty on Footwear and Furniture to promote domestic MSMEs 5% Health Cess proposed to give impetus to the Domestic Me...
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Budget 2020: Explanatory Memoranda to Custom Duty notifications
Article contains Explanatory Memoranda to Notification Nos. 01/2020-Customs to 12/2020-Customs, dated 2nd February, 2020, Explanatory Memoranda to Notification Nos. 09/2020-Customs (N.T.) to 10/2020 a...
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Budget 2020-2021 Speech of Finance Minister Nirmala Sitharaman
February 1, 2020Hon’ble Speaker,I rise to present the Budget for the year 2020-2021.IntroductionIn May 2019, Prime Minister Modi received a massive mandate to form the government again. With renewed v...
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Prominent Themes of Union Budget 2020-21 / Finance Bill 2020
Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman has releases Prominent Themes of Union Budget 2020-21 / Finance Bill 2020.Budget Highlig...
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Budget 2020: Exhaustive summary of changes in Income Tax Provisions
Article gives Exhaustive summary of changes in Income Tax Provisions proposed by Union Budget 2020 -21 or Finance Bill 2020. Proposals for amendments are organised under the following heads:— (A) Rate...
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Key Highlights of Union Budget 2020-21 / Finance Bill 2020
PRESS INFORMATION BUREAUGOVERNMENT OF INDIA******KEY HIGHLIGHTS OF UNION BUDGET 2020-21New Delhi, 1st February 2020Presenting the first Union Budget of the third decade of 21st century, Finance Minist...
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Clausewise Changes proposed by Finance Bill 2020/ Budget 2020-21
Income-taxClause 2 read with First Schedule to the Bill, seeks to specify the rates at which income-tax is to be levied on income chargeable to tax for the assessment year 2020-2021. Further, it lays...
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Summary of Union Budget 2020-21
UNION BUDGET 2020- 21PRESS INFORMATION BUREAUGOVERNMENT OF INDIANew Delhi, 1st February, 2020PART-APresenting the first Union Budget of the third decade of the 21st century, Finance Minister Smt. Nirm...
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Economic Survey and Union Budget 2020 – Interesting Facts
ECONOMIC SURVEY:Economic Survey is an annual document of the finance ministry, which provides comprehensive details about the state of the Indian economy, and reviews the economic progress made and is...
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The ‘Bucket-List’ of a ‘BUSINESS’ from the Union Budget 2020!!
Hi Friends!!I am ‘Business’.In India, I exist in different forms and structures. I may be carried out by a proprietory concern, a partnership firm, LLP or a corporate entity. I can act as the critical...
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Highlights of Economic Survey 2019-20 (Download Full Survey)
The epic treatise of modern economics, written by Adam Smith in 1776, was interestingly titled ‘An Inquiry into the Nature and Causes of the Wealth of Nations’. With India having become the fifth larg...
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Thalis are more Affordable for Common Person Now- Economic Survey
Thalis are more Affordable for Common Person Now, Says the Economic SurveyAffordability of Thalis vis-à-vis a day’s pay of a worker has improved over time, indicating improved welfare of the common pe...
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GSTR-9 GSTR-9C due dated extrended by CBIC in a staggered manner
Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3r...
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CBDT notifies more modes of e-payments; 6DD limit reduced to ₹ 10000
Notification No. 8/2020-Income-Tax- CBDT has notified Other electronic modes by inserting New Income TAx Rule 6ABBA. It also amended marginal heading of rule 6DD and in rule 6DD for the words ‘account...
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ICAI offers its infrastructure to Income Tax Appellate Tribunal (ITAT)
ICAI Press ReleaseICAI offers its infrastructure to Income Tax Appellate Tribunal (ITAT)The Institute of Chartered Accountants of India (ICAI) recently got into an arrangement with Income Tax Appellat...
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Be Vigilant against Emails & Advertisements Relating To CBI Internship Scheme
Advisory To The General Public To Be Vigilant Against Emails And Advertisements Relating To Cbi Internship SchemePress ReleaseNew Delhi, 28.01.2020Certain instances of fraudulent advertisements and em...
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What to expect in 2020, for Listed Companies & entities regulated by SEBI?
What is SEBI?Securities and Exchange Board of India (SEBI) is a statutory regulatory body which is owned by Government of India. Its main objective is to ensure that whether the Indian capital market...
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Request for extending filing date for GST Annual Return and Audit
Tax Bar Association, Jodhpur has made a Representation Requesting for Extension of filing date for GST Annual Return and GST Audit (Forms GSTR-9, 9A, 9B and 9C) for a reasonable period not less than 3...
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Extension of ad-hoc appointments of 176 ITOs to ACIT grade
Office Order No. 15 of 2020 – Extension of ad-hoc appointments of 176 Income Tax Officers to the grade of Assistant Commissioner of Income Tax (ACIT) – F.No. A-32013/02/2016-Ad.VIGovernment of IndiaMi...