Union Budget & Policy News

De-criminalisation of penalties for Companies Law breaches

05 February 2020 at 11:22

De-criminalisation of penalties for Companies Law breaches

Posted in Union Budget & Policy | 12603 Views

CBDT's clarification on TDS provisions on mutual fund dividend

05 February 2020 at 11:22

CBDT's clarification on TDS provisions on mutual fund dividend

Posted in Union Budget & Policy | 15942 Views

ICAI invites suggestions on tax proposals of Union Budget 2020-21

03 February 2020 at 10:41

ICAI invites suggestions on tax proposals of Union Budget 2020-21

Posted in Union Budget & Policy | 5 comments | 3111 Views

Clarification on new taxability provision pertaining to residence in India

02 February 2020 at 17:31

The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India, if he is not liable to be taxed in any country or jurisdiction. This is an anti-abuse provision since it is noticed that some Indian citizens shift t

Posted in Union Budget & Policy | 1 comments | 14601 Views

Analysis of the ICAI pertaining to tax proposals of Union budget-2020-21

02 February 2020 at 12:57

Analysis of the ICAI pertaining to tax proposals of Union budget-2020-21

Posted in Union Budget & Policy | 7695 Views

Amendments made in the GST Act in Union Budget 2020

01 February 2020 at 18:10

Amendments made in the GST Act in Union Budget 2020

Posted in Union Budget & Policy | 4 comments | 7989 Views

Amendment in provisions relating to verification of the return of income of a company and LLP

01 February 2020 at 18:03

Section 140 of the Act provides that in case of company the return is required to be verified by the managing director (MD) thereof. Where the MD is not able to verify for any unavoidable reason or where there is no MD, any director of the company ca

Posted in Union Budget & Policy | 2307 Views

Dividend now taxable in the hands of the shareholder

01 February 2020 at 18:03

Removing dividend distribution tax (DDT) and moving to classical system of taxing dividend in the hands of shareholders/unit holders. Section 115-O provides that, in addition to the income-tax chargeable in respect of the total income of a domestic c

Posted in Union Budget & Policy | 4311 Views

Deferring tax payment in respect of income on ESOPs for startups

01 February 2020 at 18:03

ESOPs have been a significant component of the compensation for the employees of start-ups, as it allows the founders and start-ups to employ highly talented employees at a relatively low salary amount with balance being made up via ESOPs.Currently E

Posted in Union Budget & Policy | 1956 Views