Budget 2021: Time Limit for Re-Assessment is reduced, Serious Tax Evasion Cases can be re-opened within 10 Years [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman while announcing the Budget 2021-22 has proposed to reduce Time for Income Tax Proceedings. The Finance...
Relief to Salaried Class: Budget 2021 proposes Exemption for Leave Travel Concession (LTC) Cash Scheme [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman while announcing the Budget 2021-22 has proposed the Exemption for Leave Travel Concession (LTC) Cash Scheme which will be effective from 1 April, 2021....
Set back to Charitable Organisations: Budget 2021 disallows Carry Forward of loss by Charitable Organisations [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman while announcing the Budget 2021-22 disallowed the Carry Forward of loss by Charitable Organisations. “In order to provide certainty, it is proposed to...
Budget 2021: Tax Audit Limit increased to Rs.10 crores for those using Digital Transaction Mode [Read Finance Bill]
The Finance Minister Nirmala Sitharaman on Monday announced the increase in the Tax Audit Limit increased to Rs.10 crores for those using Digital Transaction Mode. The objective behind the...
Budget 2021: GST Fake Invoice of more than Rs.2 cr shall attracts Provisional Attachment of Assets [Read Finance Bill]
The Finance Minister Nirmala Sitharaman in the Budget Speech 2021-22 proposed the Provisional Attachment of Assets of those who are involved in the GST Fake Invoice of more than Rs.2 crores. “A...
![Budget 2021: GST Fake Invoice of more than Rs.2 cr shall attracts Provisional Attachment of Assets [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2021/02/Budget-2021-GST-Fake-Invoice-Provisional-Attachment-of-Assets-Taxscan.jpg "Budget 2021: GST Fake Invoice of more than Rs.2 cr shall attracts Provisional Attachment of Assets [Read Finance Bill]")