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.
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.
The Institute of Chartered Accountants of India has declared the November 2020 CA Final Result. A total of 5675 and 5392 candidates have qualified as CAs from Old and New Group respectively.
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.
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.
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.
The Union Budget 2021 was presented in the parliament by FM Smt. Nirmala Sitharaman. Discussing the Direct Tax Proposals made in the Budget.
The Central Board of Direct Taxes has extended the last date for filing declarations under the Vivad se Vishwas Act, 2020 to 28th February 2021.
FM Nirmala Sitharaman meets President Ram Nath Kovind ahead of Budget 2021 presentation. Cabinet meeting over Budget to take place at 10:15 AM.
It is being informed to the members that all the missed UDINs between the period 1st February 2019 to 31st January 2021 can now be generated up to 28th February 2021 and this be taken as an extension of the Condonation Scheme announced previously.
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