In, significant changes to the taxation process, among other tax measures, the FM recommended a paradigm change to the provisions relating to “Assessment in case of search or requisition viz. Section 153A to 153D” and Income Tax Settlement Commission.
The budget presented on 1st Feb 2021 has brought some good news for the assesses but adverse news for professionals like CMAs and CAs on the GST front, with regard to the discontinuance of GST Audit.
Providing a thorough summary, including direct and indirect tax proposal of the Union Budget 2021-22 which was presented in the parliament on 1st Feb 21, by FM Smt. Nirmala Sitharaman.
The Union Budget 2021 was presented in the parliament by FM Smt. Nirmala Sitharaman. Discussing the amendments made in the CGST and IGST Act 2017, along with other Indirect Tax Proposals.
The Union Budget 2021 has been announced in the parliament on 1st February 2021. Let us discuss the interpretations and implications of the Finance Bill 2021.
Article 270 of the Constitution of India states that the Parliament can levy cess for a specific purpose under a law made by it. The Central cess collections will therefore not be shared or allotted to any states under revenue devolution.
FM stated that India's fight against COVID-19 continues into 2021 and that, this moment in history is the dawn of a new era - one in which India is well-poised to truly be the land of promise and hope.
Discussing the Direct Tax Proposals laid out under the Union Budget 2021, which was announced in the parliament on 1st February 2021 by FM Smt. Nirmala Sitharaman.
Discussing the Direct Tax Proposals laid down in the parliament by FM Smt. Nirmala Sitharaman as part of her Union Budget 2021 speech on 1st February 2021.
The Union Budget 2021 was laid down in the parliament on 1st Feb 21 and several changes were made. In this article, we will be discussing 10 major direct tax proposals which were made in this year’s budget.
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