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Union Budget 2021 | Download Finance Bill 2021

01 February 2021 at 15:15

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!

Posted in Union Budget & Policy | 4800 Views

Union Budget 2021 | Download FM Speech 2021

01 February 2021 at 15:08

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.

Posted in Union Budget & Policy | 1521 Views

Union Budget 2021 | Summary of the Budget 2021-22

01 February 2021 at 14:56

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.

Posted in Union Budget & Policy | 4656 Views

Union Budget 2021 | Download Budget Memorandum 2021

01 February 2021 at 14:44

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.

Posted in Union Budget & Policy | 2301 Views

Union Budget 2021 - Relief to Senior Citizens

01 February 2021 at 14:34

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.

Posted in Union Budget & Policy | 1458 Views

Union Budget 2021 - Revision in 'Small Companies' Definition

01 February 2021 at 14:34

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'.

Posted in Union Budget & Policy | 2337 Views

GST Audit scrapped as Budget omits section 35(5) from GST Act

01 February 2021 at 14:27

GST Audit scrapped as Budget omits section 35(5) from GST Act to allow self-certification. Here is the updated amendment.

Posted in GST | 41649 Views

Union Budget 2021 | Proposal for Faceless ITAT

01 February 2021 at 14:19

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.

Posted in Union Budget & Policy | 2178 Views

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 & Policy | 1470 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 & Policy | 2583 Views