Vivad se Vishwas scheme was announced in Union Budget 2020 to resolve the pending litigation under Income Tax Act. Vivad se Vishwas was introduced in form of “Vivad se Vishwas Bill 2020” and such bill become Vivad se Vishwas...
Amendments for NGO by Finance Bill 2020 Finance bill 2020 brings various different kind of amendment which was never expected by industry. The amendment relating to Non Profit Organisation (herein after called as NGO) is also falls in same...
TDS on E commerce Operator
TDS on E-commerce operators Finance minister Nirmala Sitharaman presented Union Budget 2020 in Parliament on 1st Feb 2020. In this Finance Act 2020 she proposed various changes in direct and indirect taxes. One of the key changes is insertion of new section...
Rate of Surcharge for Financial Year 2020-21 Finance bill 2020 has made some amendment in rate of surcharge for various classes of tax payers. Here is the list of taxpayers and corresponding rate of surcharge applicable for financial year...
Income Tax Slab for FY 2020-21 Finance Act 2020 has given an option (from two different tax slab) to individual taxpayer or HUF to pay tax at reduced rate if they don’t want to claim exemptions and deductions. Finance...
Income Tax Rate for Individuals, Income Tax Rates for FY 2020-21, Income Tax Slab for FY 2020-21, New Tax Regime