Amendments made in CGST Act/ IGST Act and GST rates by the Union Budget 2020-21 Amendments carried out in the…
Provisions of Tax Residency in India amended. Days of stay reduced for visiting Indian Citizens/Persons of Indian Origin. Period shortened…
Tax audit turnover threshold limit increased to Rs. 5 crores for business. Due date of furnishing report made 31st October…
Penalty for fake invoice. New Section 271AAD. Penalty for false entry, etc. in books of account With the launch of…
E-scheme for levy of Faceless Income Tax Penalty u/s 274 with dynamic jurisdiction In order to impart greater efficiency, transparency…
Faceless e-appeal scheme for filing of appeals before Commissioner (Appeals). Amendment to section 250 Presently, most of the functions/ processes…
New TDS section 194O introduced to include E-commerce transactions. E-commerce operator to deduct tax for payments to e-commerce participant Union…
Scope for TDS on interest income u/s 194A widened to include co-operative societies Section 194A of the Act provides for…
Reduction in TDS rate on fees for technical services u/s Section 194J of the Income Tax Act Reduction in TDS…
Exemption non-resident from filing of ITR on royalty or FTS income on deduction of TDS Union Budget 2020 has provided…