Budget 2021 proposes Setting up the Dispute Resolution Committee [Read Finance Bill]
The Union Budget 2021 has proposed to set up a Dispute Resolution Committee for small taxpayers. The provision is aimed to help people with a taxable...
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: Transaction Taxable under Income Tax are not liable for Equalisation Levy [Read Finance Bill]
The Finance Minister Nirmala Sitharaman has clarified in the Budget 2021 speech that, Transaction Taxable under Income Tax are not liable for Equalisation Levy. She also said that, In order to...
Central Govt. announces LTC cash voucher scheme to stimulate consumer spending to boost economy during COVID-19
The Finance Minister Nirmala Sitharaman on Monday announced the Leave Travel Concession (LTC) Cash Voucher Scheme to stimulate consumer spending among other stimulus measures to boost the economy...
