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Finance Bill

Budget 2020: Proposal for E-Commerce platforms to collect 1% TDS from sellers.

Taxscan Team

The Finance Minister Nirmala Sitharaman through her budget 2020 has proposed for a collection of 1% TDS from sellers by E-commerce Platforms. "In...

Finance Bill 2019 empowers RBI to supersede the Board of an NBFC

CBDT releases Explanatory Notes to Provisions of Finance Act, 2018 [Read Circular]

No Deductions for Industrial Undertakings If Income Tax Return not filed within Due Dates

All You Need to Know about Some Major Income Tax Changes from 1st April 2017

Finance Bill would be passed by the Parliament before the 31st March, 2017, says FM Arun Jaitley

Finance Minister Arun Jaitley releases the Revised General Financial Rules (GFR) 2017. The Union Finance Minister Arun Jaitley said since this time, the Finance Bill would be passed by the...

CBDT Committee recommends Levy of Tax on Digital Services

A Committee constituted by the Central Board of Direct Taxes (CBDT) has recommended for the levy of tax on most digital services. The Committee constituted to examine taxation of E-Commerce, has...

Govt. won’t withdraw the proposal for Imposing Excise Duty on Gold; Lok Sabha passes Finance Bill 2016

The Finance Minsiter Arun Jaitley today announced that will not roll back the proposal of imposing 1% of excise duty on gold. The decision was announced by the Union Finance Minister Arun Jaitley...