Budget 2020

Updated rules for Taxation of NRI, RNOR and ROR, as per Income Tax in India.

In the finance bill presented on 1st February 2020 by Ms. Nirmala Sitharaman in the form Budget, 2020 where she has mentioned about change in definition of the resident of India as per Section 6 of the Income Tax Act, 1961 and here is the reason behind updating this definition of resident Instances have come to notice of the tax authorities where period of 182 days specified in respect of… Read More »Updated rules for Taxation of NRI, RNOR and ROR, as per Income Tax in India.

Key Highlights Budget Speech 2020

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Financial Budget 2020 for the financial year 2020-21 key highlights from Speech Honorable finance minister Mrs. Nirmala Sitharaman has presented budget in the parliament on 1st February 2020 Past Achievements Trucks turnaround time has been reduced due to GST 60 Lakh new tax payers added in last two years and 40 Crore returns filed under GST. 800 Crore invoices generated and 105 Crore e-Way bills were generated Between 2006-16 27… Read More »Key Highlights Budget Speech 2020