Union Budget News


Amendments made in the GST Act in Union Budget 2020

   01 February 2020 at 18:10

Amendments made in the GST Act in Union Budget 2020

Posted in Union Budget  4 comments |   7974 Views


Amendment in provisions relating to verification of the return of income of a company and LLP

   01 February 2020 at 18:03

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 ca

Posted in Union Budget |   2295 Views


Dividend now taxable in the hands of the shareholder

   01 February 2020 at 18:03

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 c

Posted in Union Budget |   4281 Views


Deferring tax payment in respect of income on ESOPs for startups

   01 February 2020 at 18:03

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 E

Posted in Union Budget |   1944 Views


Reducing TDS on 194J for technical services to 2%

   01 February 2020 at 17:13

Reducing TDS on 194J for technical services to 2%

Posted in Union Budget  3 comments |   19983 Views


Major Reforms Proposed in Administration of GST Regime

   01 February 2020 at 15:23

Major Reforms Proposed in Administration of GST Regime

Posted in Union Budget |   4854 Views


Detailed direct tax provisions from Budget 2020

   01 February 2020 at 15:18

Detailed direct tax provisions from Budget 2020

Posted in Union Budget |   13917 Views


Vivad Se Vishwas scheme proposed to reduce litigations in Direct taxes

   01 February 2020 at 15:11

Finance Minister proposes wide-ranging facilitation measures in Direct Tax Regime

Posted in Union Budget |   3489 Views


44AB turnover threshold for Audit increased 5 times to Rs 5 Crore

   01 February 2020 at 15:11

MSMEs turnover threshold for Audit increased 5 times to Rs 5 Crore

Posted in Union Budget |   4749 Views


New Income Tax Slab rates for Taxpayers

   01 February 2020 at 14:56

New Income Tax Slab rates for Taxpayers

Posted in Union Budget  1 comments |   8445 Views