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.
The Union Budget 2021 was presented in the parliament by FM Smt. Nirmala Sitharaman. Discussing the Indirect Tax Proposals made in the Budget.
FM states that India's fight against COVID-19 continues into 2021 and that in this moment, when the relations in the post-COVID world are changing, is the dawn of a new era - one in which India is well-poised to truly be the land of promise and hope.
Finance Minister Smt. Nirmala Sitharaman has presented her third Budget in the parliament today i.e. 1st February 2021. Download the Finance Bill 2021 Now!
Finance Minister Smt. Nirmala Sitharaman has presented her third Budget in the parliament today i.e. 1st February 2021. Check out the attached document, to read her entire speech.
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.
Finance Minister Smt. Nirmala Sitharaman has presented her third Budget in the parliament today i.e. 1st February 2021. Click the attached link to download the complete Budget Memorandum explaining the provision of the Finance Bill in Detail.
In the Budget Speech, FM provided relief to senior citizens in the filing of income tax returns, reduced time limit for income tax proceedings, announced setting up of the Dispute Resolution Committee, faceless ITAT, etc.
FM proposes to change the definition of a small company by increasing their threshold for paid-up capital, from 'not exceeding 50 lakhs', to 'not exceeding 2 crores' and Turnover from 'not exceeding 2 crores' to ' not exceeding 20 crores'.
For ease of compliance and to reduce discretion, the FM is committed to make taxation process faceless. FM proposes to make the ITAT Faceless. A National Faceless Income Tax Appellate Tribunal Center to be constituted for this purpose.