Union Budget News

Union Budget 2021 | Clarification on Scope of Vivad se Vishwas Act, 2020

01 February 2021 at 14:19

With a view to remove any ambiguity, the definitions of appellant in section 2(1)(a), disputed tax in section 2(1)(j) and tax arrear in section 2(1)(o), of the VsV are proposed to be amended by way of removal of doubts by this Bill.

Posted in Union Budget | 1449 Views

Budget Highlights | Key Features of Union Budget 2021-22

01 February 2021 at 14:15

The Union Budget 2021 was presented by FM Smt. Nirmala Sitharaman in the parliament today. Discussing some of the key highlights of the Budget including Direct and Indirect Tax Proposals.

Posted in Union Budget | 2538 Views

Union Budget 2021 | Constitution of Dispute Resolution Committee for small and medium taxpayers

01 February 2021 at 13:46

FM proposes to constitute a Dispute Resolution Committee, which will be faceless. Anyone, with a taxable income of up to Rs. 50 lakhs and disputed income of up to Rs. 10 lakhs shall be eligible to approach the committee.

Posted in Union Budget | 1680 Views

Budget 2021 | Major Amendments in Customs Act, 1962

01 February 2021 at 13:41

Discussing the major amendments in the Customs Act, 1962 as laid down by the Union Budget 2021-22, presented in the parliament by FM Smt. Nirmala Sitharaman.

Posted in Union Budget | 2964 Views

Union Budget 2021 - Tax audit limit increased to Rs 10 crore for business not exceeding 5% cash transaction

01 February 2021 at 13:37

In order to incentivise non-cash transactions, promote digital economy and to further reduce the compliance burden of small and medium enterprises, it is proposed to increase the threshold from five crore rupees to ten crore rupees in some cases.

Posted in Union Budget | 16911 Views

Budget 2021 | Direct Tax Proposals

01 February 2021 at 13:33

The Union Budget 2021 was presented in the parliament by FM Smt. Nirmala Sitharaman. Discussing the Direct Tax Proposals made in the Budget.

Posted in Union Budget | 3768 Views

Cabinet meeting over Budget at 10:15 AM

01 February 2021 at 10:02

FM Nirmala Sitharaman meets President Ram Nath Kovind ahead of Budget 2021 presentation. Cabinet meeting over Budget to take place at 10:15 AM.

Posted in Union Budget | 3534 Views

Economic Survey App - Now Available for Download!

30 January 2021 at 11:07

Official mobile app for Economic Survey of India is now available on Google play store

Posted in Union Budget | 3354 Views

Economic Survey calls for simplification of regulations and process reforms

30 January 2021 at 05:58

The Economic Survey has called for simplification of regulatory processes in the light of uncertainties in the real world scenarios.

Posted in Union Budget | 1335 Views

Economic Survey has called for an active fiscal policy to Boost Growth

30 January 2021 at 05:58

The Economic Survey has called for an active fiscal policy indicating that a push for growth leads to debt sustainability in the Indian context, and not necessarily vice-versa.

Posted in Union Budget | 1536 Views