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Budget 2020 proposes MSMEs Turnover Threshold for Audit Increased to Rs 5 Crore from 1Cr

In order to reduce the compliance burden on small retailers, traders, shop keepers who comprise the Medium, Small and Micro Enterprise (MSMEs) sector,...

Parliament clears Bill to Ban E-Cigarettes [Read Bill]

Lok Sabha passes The Taxation Laws (Amendment) Bill, 2019 [Read Bill]

Parliament clears The Chit Funds (Amendment) Bill, 2019 [Read Bill]

Lok Sabha passes The Chit Funds (Amendment) Bill, 2019 [Read Bill]

Parliament clears Companies Amendment Bill 2019

The Rajya Sabha Tuesday passed the Companies (Amendment ) Bill 2019, which seeks to amend the Companies Act 2013. The Bill was cleared by the Lok Sabha on July 26. It is based on the recommendations...

CAG Report on Performance of GST to be tabled before Parliament in Winter Session

The report of the Comptroller and Auditor General (CAG) of India on the performance audit of GST is likely to finalize its report soon and the same may be tabled before the Parliament during the...

GST: Proposed Amendments to be passed with Retrospective Effect

The upcoming monsoon session of the Parliament is all set to pass the proposed amendments in the GST Laws with retrospective effect to deny transitional credit to taxpayers against cesses levied in...

Budget Session 2018 of Parliament concludes

The Budget Session, 2018 of Parliament which commenced on Monday, 29th January 2018 has been adjourned sine die today i.e. Friday, the 6th April 2018. In between both parts of the session, both Houses...

Ceiling for Tax-Free Gratuity Increased [Read Notification]

The Central Government, on Thursday, notified the tax-free gratuity has been raised from Rs. Ten lakhs to Rs. Twenty lakhs for private sector employees by following the changes in gratuity Act though...

Key Takeaways from Finance Act 2018

As the Government has notified the Finance Act 2018 which will be applicable from the very first day of the coming financial year, the following are some key takeaways from the Act. Following are the...

Winter Session of Parliament from Dec 15: GST (Compensation to States) Bill to Come Up

The Cabinet Committee on Parliamentary Affairs (CCPA) today recommended convening of Winter Session of Parliament this year from December 15, 2017 to January 5, 2018, subject to exigencies of...

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