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Union Budget News


Direct Tax Vivad Se Vishwas Bill, 2020

 06 February 2020 at 11:18

Download attached below the new settlement scheme Vivas se Vishwas bill tabled in the Parliament.           ..

Posted in Union Budget  3 comments |   1515 Views



Through the Companies (Amendment) Act, 2019, changes were made in the Companies Act, 2013, inter alia, to convert 16 criminal offences into civil wrongs. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajy..

Posted in Union Budget |   3724 Views



The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/unit holder. It was also proposed to levy TDS at the rate of 10% on the dividend/ income paid by the Company/Mutual Fund to its share/unit..

Posted in Union Budget |   4771 Views



Hon'ble Finance Minister has presented the Union Budget 2020-21 in the Parliament. In view of the same, the Direct Taxes Committee, GST & Indirect Taxes Committee and Committee on International Taxation invite suggestions on the tax proposals of the Finance Bill, 2020 for consideration and i..

Posted in Union Budget  5 comments |   642 Views



  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 their stay in low or no tax jurisdiction t..

Posted in Union Budget  1 comments |   4552 Views



The Union Budget is stated to be centered around three significant themes – Aspirational India, Economic Development and Caring Society – all of which are directed towards ease of living. A tax measure directed towards the first theme, namely, Aspirational India is the levy&..

Posted in Union Budget |   2098 Views



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Posted in Union Budget  4 comments |   2319 Views



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 can verify the return. It is also provided that in c..

Posted in Union Budget |   399 Views



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 company, any amount declared, distributed or paid b..

Posted in Union Budget |   679 Views



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 ESOPs are taxed as perquisites under section 17..

Posted in Union Budget |   187 Views


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