Table of Contents KEY TO BUDGET DOCUMENTS BUDGET 2020-2021A. Annual Financial Statement (AFS) B. Demands for Grants C. Finance Bill D. Statements mandated under the FRBM Act. i. Macro-Economic Framework Statement ii. Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement 2.2 Explanatory Documents:E. Expenditure Budget
PROVISIONS RELATING TO DIRECT TAXES Table of Contents IntroductionDIRECT TAXES A. RATES OF INCOME-TAX I. Rates of income-tax in respect of income liable to tax for the assessment year 2020-21.(1) Surcharge on income-tax(2) Marginal Relief—(3) Education Cess—II. Rates for deduction of income-tax at source
Download Budget speech of FM 2020 Tax rate slabs for 2020 Taxable Income Slab (`) Existing Tax Rates New Tax Rates 0-2.5 Lakh Exempt Exempt 2.5-5 Lakh 5% 5% 5-7.5 Lakh 20% 10% 7.5-10 Lakh 20% 15% 10-12.5 Lakh 30% 20% 12.5-15 Lakh 30% 25%
New simplified income tax regime(optional) New income tax slabs declared by FM are: Individual: With out deductions 0-2.5 Exempt 5% for income from Rs.2.5 to Rs.5 lac 10% for income from Rs. 5lac to 7.5 lac (currently 20%) 15% for income from Rs. 7.5 lac
Table of Contents Case covered:Facts of the case:Download the copy:Observations of the court: Case covered: MEHTA LABORATORIES THROUGH PARTNER KAUSHIK MAYACHAND MEHTA Versus THE PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX 2 Facts of the case: The short facts of the case are that the petitioner
Table of Contents Case covered:Facts of the case:Download the copy:Observations of the court: Case covered: M/S PRADIP CHIMANLAL MEVADA Versus UNION OF INDIA Facts of the case: By this writ application under Article 226 of the Constitution of India, the writ applicant has prayed for the following reliefs: “(a) To issue writ or in the nature
Table of Contents Amendment in Section 67 of LLP ActDownload the copy:Text of Section 460 of Companies Act, 2013: Amendment in Section 67 of LLP Act Section 460 of companies Act 2013 was made applicable on LLP’s also.Amendment in Section 67 of the LLP Act
states where due date of GSTR 9 and 9C is 7th Feb 2020: Group 3: Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Andaman & Nicobar Islands, Jharkhand, Odisha, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Lakshadweep, Madhya Pradesh,
The due date for filing of GSTR 9 and 9C is extended to 3rd feb for following states Group 1: Maharashtra Karnataka Goa Kerala Tamil Nadu Puducherry Telangana Andhra Pradesh Other Territory In these states due date of filing GSTR 9 and 9C will be
Group 2: Jammu and Kashmir Himachal Pradesh Punjab Chandigarh Uttarakhand Haryana Delhi Rajasthan Gujarat
