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Parliament clears Direct Tax Vivad Se Vishwas Bill, 2020

After Lok Sabha, the upper house of the Parliament, Rajya Sabha has also passed The Direct Tax Vivad se Vishwas Bill, 2020. The Direct Tax Vivad se Vishwas Bill, 2020 was introduced in Lok Sabha by...

Parliament clears Direct Tax Vivad Se Vishwas Bill, 2020
Taxscan Team

India’s GST Council having problems Figuring out Gaming Taxes

India’s GST (Goods & Services Tax) Councils practically rewrote the tax code a few months prior without actually changing anything. It decided to just translate it to the current language and, as...

Gaming Taxes - Taxscan
Taxscan Team

Vivad se Vishwas Scheme: All You Need to Know [Read Bill]

The Vivad se Vishwas scheme was announced by Union Finance Minister Nirmala Sitharaman during her budget speech on February 1, 2020. Given below is all the aspects you have to know about this amnesty...

Vivad se Vishwas Scheme: All You Need to Know [Read Bill]
Taxscan Team

Budget 2020: New and Changed Proposed TDS rates

Finance Minister Nirmala Sitharaman has proposed new changes in TDS provisions. New TDS rate chart for Assessment Year 2020-21 and 2021-22. Amended Sections TDS Rates in AY 2020-21 TDS...

Budget 2020: New and Changed Proposed TDS rates
Taxscan Team

ICAI invites suggestions on Tax Proposals of Union Budget 2020

The Institute of Chartered Accountants of India (ICAI) has invited the suggestions on Tax Proposals of Union Budget 2020. The Finance Minister Nirmala Sitharaman has presented the Union Budget...

Chartered Accountants - ICAI - Taxscan
Taxscan Team

Budget 2020: Amendment in Benami Act - Changes in eligibility criteria of Chairperson and Members

The Finance Minister Nirmala Sitharaman while presenting the union budget on Saturday has proposed an amendment in the qualifications for appointment of Chairperson and Members of the Adjudicating...

Budget 2020: Amendment in Benami Act - Changes in eligibility criteria of Chairperson and Members
Taxscan Team

Budget 2020 proposes availment of ITC through Fake Invoice as a Non-Bailable Offence

The Union Budget for the year  2020-21 has made the availment of benefits of Input Tax Credit (ITC) by the fraudulent means which is by making fake invoices is a non-bailable and cognizable offence....

Budget 2020 proposes availment of ITC through Fake Invoice as a Non-Bailable Offence
Taxscan Team

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