The Union Budget 2020 is around the corner. People have their eyes on the Union Budget. Taxpayers are expecting major tax reliefs from the Union Budget 202. This article summaries what all changes in the direct tax regime can we see in the Union Budget 2020.
The last year's budget has undergo lots of changes very frequently and immediately with in a very short time of its presentation, it only means more work, multi-tasking, weak assessment of the effects of the budget proposals on the economy. I expect this time there were no such things and the proposals will remain the same at least the majority of the coming budget year.
The council of Institute of Chartered Accountants of India every year submits Pre-Budget Memorandum to Government.
The Lok Sabha has passed the Finance Bill (No. 2), 2019 on 18 July 2019 with certain amendments. The key direct tax amendments are summarized as under: ...
The Union Budget 2019 was presented on 5th July in the Lok Sabha by the First Female Finance Minister Mrs. Nirmala Sitharaman. Highlights of the Budget 2019 for...
INDIRECT TAXA. CustomsCustoms Duty Increased/Imposed- Increase in custom duty on Gold and other precious metals - from 10% to12.5%.- Basic Customs Duty increase...
It is a common understanding that an obligation file the return of income under the income-tax Act arises only if the income exceeds the maximum amount not char...
GDP- Gross Domestic Product Gross Domestic Product (GDP) is the final value of all Goods and Services produced by a country in a particular
NBFCs: Impact Assessment of Carrot & Stick Approach of Proposed Amendments in the Union Budget 2019-20!!
1. There is not any change in slabs of tax rates, but there are following changes in surcharge rates for Individual, Hindu undivided family, association o...
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