Certain changed have been enacted in Goods and Service Tax Act. Also certain clarification has been made by GST authorities. we have try to summarize those amendments and clarifications for your easy reference and understanding. For detail about GST Updates – June 2020 click here.
Government has announced various packages and relaxation for MSME and Other Sectors in view of COVID 19 pandemic. For more details click here……
Finance Act 2020 has abolished tax on dividend levied under section 115O of Income Tax Act, 1961 popularly known as Dividend Distribution tax (DDT). With effect from 1 April 2020 dividends declared by the Indian companies have been made taxable in the hands of shareholders. The presentation gives a brief of taxation and compliances on …
The Finance Act 2020 has introduced new section 115BAC. This section gives an option to individuals and HUF to pay taxes at alternate rates w.e.f. A.Y. 2021-22. Given this option, Individual and HUF can pay income tax at rates more beneficial to them. However, the said section provides some conditions in order to avail the …