Budget 2020 proposes to allow a taxpayer
to choose between the existing income tax regime (availing benefits of tax
exemptions and deductions) and a new tax regime (lower income tax rates with no
tax exemptions and deductions) every year as per their convenience.
Thursday, 26 March 2020
Wednesday, 25 March 2020
The Union Finance & Corporate Affairs
Minister Smt. Nirmala Sitharaman
today announced several important relief measures taken by the
Government of India in view of COVID-19 outbreak,
especially on statutory and regulatory compliance
matters related to several sectors. While addressing
the press conference through video conferencing here today, Smt.
Sitharaman announced much-needed relief measures in
areas of Income Tax, GST, Customs &
Central Excise, Corporate Affairs, Insolvency& Bankruptcy Code (IBC) Fisheries,
Banking Sector and Commerce.
Tuesday, 24 March 2020
The
Pandemic of COVID-19 is spreading all
over the country like a wildfire now. The government in many states
have passed orders to close down educational institutions,
government offices, malls, etc. i.e places of social gatherings,
and have permitted the workers to “Work from home”
as a preventive measure against the known “CORONA VIRUS”. Why aren’t
the professional firms closing their offices and
not providing work from home to their staff and officers?
Monday, 23 March 2020
COVID-19 has
evolved into a global event impacting public health as well as the economy.
These are uncertain times, and we don't have all the answers, but what we do
know now is that small businesses have felt sudden changes in their campaign performance as a
result of this worldwide pandemic.
Saturday, 21 March 2020
In an attempt to contain the spread of corona-virus, which has affected over 180 in India, PM Modi requested all the citizens to abide by the 'Janata Curfew' on March 22 from 7 am till 9pm.
How to do Income Tax The calculation for FY 2020-21? Which Tax Structure to Select?
According to Taxplan 2020, you can't guarantee any assessment reasoning or exclusion on the off
chance that you intend to pick a new Income Tax Slab. Along these lines, as an
individual citizen on the off chance that you settle on the new assessment
system with a decrease charge rate, you have to do without all tax cuts
accessible today. Luckily, you have an alternative to proceeding with old duty
structure. A salaried individual can switch among old and new assessment
structure.
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