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Budget 2020 proposes Concessional Tax Rate for Co-operatives

In a budget 2020 presented yesterday has announced significant changes into co-operatives. Cooperative societies are currently tax at a rate of 30% with surcharge and cess. As a major concession, and...

Budget 2020 proposes Concessional Tax Rate for Co-operatives
Taxscan Team

Budget 2020: Key Takeaways of Indirect Tax Proposals

In a Union Budget 2020 presented today, the Union Finance Minister Smt. Nirmala Sitharaman has proposed the various Indirect Tax Proposals. GST: Cash reward system envisaged incentivizing...

Budget 2020: Key Takeaways of Indirect Tax Proposals
Taxscan Team

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, the Union Budget proposed to raise by five times...

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

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

Union BUDGET 2020 - Live Updates

https://twitter.com/tax_scan/status/1223519090062446593 https://twitter.com/tax_scan/status/1223518953084817409 https://twitter.com/tax_scan/status/1223517704205697025 ...

Budget 2020 - Nirmala Sitharaman - Union Budget - Finance Minister - Budget Scan - Taxscan
Taxscan Team

Economic Survey Suggests Rationalisation of Government Intervention to Boost Economic Freedom & Wealth Creation

The Economic Survey at the very onset says that while there is a case for Government intervention when markets do not function properly, excessive intervention especially when the market can do the...

Government Intervention - Krishnamurthy - Subramanian - CEA - Economic Survey - Taxscan
Taxscan Team

India Ranks Third in Number of New Firms Created; 1,24,000 New Firms Created in 2018 Compared to 70,000 In 2014

The Union Minister of Finance &Corporate Affairs, Smt Nirmala Sitharaman presented the Economic Survey 2019-20 in Parliament today. The Survey stated that as per the World Bank’s Data on...

New Firms - India - Created - Finance Minister - Taxscan
Taxscan Team

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