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Another Boost For Start-ups Under Union Budget 2020

  • Admin
  • 06 Mar, 2020

The Union budget 2020 announced today has introduced major favourable reforms to Indian startup ecosystem which includes tweaking the start-up eligibility norms and changes in taxation of ESOPS in hands of employees

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Optional Income Tax Regime for Individuals under Union Budget 2020

  • Admin
  • 06 Mar, 2020

Union Budget 2020 introduced good news to Individual tax payers in a different way by offering an optional income tax regime. Against the expectations of Indian tax payers, there is no change in income tax slab rates in Budget 2020. Instead, a new tax regime is introduced if individual tax payer wish to opt for it. New tax regime offers reduced tax rates and it comes with a condition that no exemption or deduction is taken by tax payer

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Update On Goods And Service Tax(GST)

  • Admin
  • 05 Mar, 2020

Conclusion of GST Council’s First Meeting – The Department of Revenue, Ministry of Finance vide Notification No. S.O. 2915 (E) – [F.No. 31011/09/2015-SO(ST)] dated 10th September 2016 had appointed.

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Indirect tax Update – Service Tax on Composite Contracts

  • Admin
  • 05 Mar, 2020

The Central Government, in the Union Budget 2016, has introduced levy of Krishi Kalyan Cess on the value of taxable service for the purpose of financing and promoting initiatives to improve agriculture.

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Rules For Closure Of LLP Rationalized By Mca

  • Admin
  • 05 Mar, 2020

The above amendment is a sigh of relief for those LLP’s which have not filed their returns with Ministry of Corporate Affairs after closure of their business operations.