[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 07/2020 – Central Tax New Delhi, the 3 rd February, 2020 G.S.R…..(E).– In exercise of the powers conferred […]

Highlights of Union Budget 2020-21

-For MSME sector Audit threshold for MSMEs raised to ₹5 crore from ₹1 crore -More on tax front -100% tax exemption on Soverign Wealth Funds’ Indra Investment. -Concessional 5% withholding tax entended to municipal bonds, Nirmala Sitharaman -FM Nirmala Sitharaman on the new tax regimes: Lowest, simplest, smoothest -On DDT Dividend Distribution Tax […]