Budget News

This explanatory note is also very important as in recent times there have been many amendments in the Finance Bill...

1) Loss from one Virtual Digital Asset (VDA) cannot be set-off against income from another VDA. 2) Definition of ‘transfer’...

Finance bill, 2022 has introduced section 140B of the Income tax act wherein such person is required to pay additional...

Who can file the updated return? Anyone can file the updated return irrespective of whether the person has filed original...

The Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman today announced the introduction of Digital Rupee to be issued by...

As per the above provision below are bullet points for taxation of digital asset: Income from Digital asset shall be...

India's Digital currency: RBI to bring Digital Rupee from 2022 and bring India's own digital currency which will be regulated...

To mark the final stage of Union Budget making process, sweets provided to core staff due for “lock-in” at their...

The stakeholder groups made several suggestions on various issues that included increased R&D spending, infrastructure status for digital services, incentives...

Every year our Hon'ble Finance Minister presents Finance bill in the parliament through which necessary amendments are made to the...

Section 271AAD was introduced by Budget, 2020 wherein penalty was introduced for issuing fake invoices or omission of any entry....

Budget 2021 was presented on 01.02.2021 in the parliament. Although there was no major announcements in the Budget for common...

Budget 2021, was presented in Parliament on 01.02.2021 wherein although very few amendments were introduced in Direct tax as compared...

As we know that under Income Tax and many other law as well government is trying to increase the use...

In our series of discussion about Budget 2021 we must understand that Budget is not only about changes in Direct...