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Govt. proposes Increase in Customs Duty on Footwear and Furniture to Promote Domestic MSMEs

Keeping in view the need of the MSME sector, Customs duty is being raised on items like footwear (from 25% to 35% on footwear and from 15% to 20% on parts of footwear) and furniture (from 20% to 25%)....

Govt. proposes Increase in Customs Duty on Footwear and Furniture to Promote Domestic MSMEs
Taxscan Team

Budget 2020 proposes Amnesty Scheme 'Vivad se Vishwas' for Direct Taxpayers to settle Appeals pending at Various Forums [Read Bill]

In Budget 2020, the Union Minister for Corporate Affairs Nirmala Sitharaman and Finance has purposed Amnesty Scheme ‘Vivad se Vishwas’ Scheme for Direct Taxpayers to settle appeals pending at various...

Budget 2020 proposes Amnesty Scheme Vivad se Vishwas for Direct Taxpayers to settle Appeals pending at Various Forums [Read Bill]
Taxscan Team

Key Highlights of Budget 2020

In a two-hours  forty Minutes Budget 2020 speech highlights, the Union Finance Minister Nirmala Seetharaman has made some significant proposals for tax matters. Some of the Budget Highlights are...

Key Highlights of Budget 2020
Taxscan Team

US against Czech on Introduction of Digital Tax

The US filed a protest against the Czech proposal of Digital Tax of 7% on digital services. If the new regime is introduced, internet companies with a global turnover of €750 million an annual...

UK - Digital Service Tax - Us Digital Tax - Digital Services - Czech - Taxscan
Taxscan Team

Bhutan Mandates Regional Tourists to Pay Sustainable Development Fee

Bhutan’s Finance Minister Namgay Tshering issued a bill at the National Assembly amending the Tourism Levy Exemption Act 2018 that made it mandatory for all tourists visiting Bhutan from the...

Bhutan - Tourists - Development Fee - Taxscan
Taxscan Team

Company Law Committee - 2019 submits its report to Finance Minister [Read Report]

The Company Law Committee was constituted by the Ministry of Corporate Affairs in September, 2019, inter alia, to further decriminalise the provisions of the Companies Act, 2013 based on their gravity...

Company Law Committee - 2019 submits its report to Finance Minister [Read Report]
Taxscan Team

Finance Minister asks Tax Officers to deal firmly with Tax Evaders

The Union Minister of Finance & Corporate Affairs Smt Nirmala Sitharaman exhorted the Income Tax officers to be prompt in redressing the grievances of the tax payers and expand the tax base in a...

Foreign Jurisdictions - Indian Public Companies - CBDT - Finance Minister Nirmala Sitharaman - Taxscan
Taxscan Team

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