income tax
24 Feb 21

Budget 2021 – Changes in Income Tax Law

No change in rates of taxation There are no changes in respect of income of all categories of assessee liable to tax for the financial year 2021-22. The rates of income shall continue to be the same as applicable for the financial year 2020-21. Similarly, the rates for advance tax,…
Read More
customs and excise
24 Feb 21

Budget 2021 – Changes in Customs and Excise

New Agriculture Cess on Petrol and High Speed Diesel Government has introduced a new Agriculture Infrastructure and Development Cess (AIDC) as an additional duty of excise on Petrol and High-speed diesel. The purpose of this cess is to finance the improvement of agriculture infrastructure and other development expenditure. Do note…
Read More
budget
22 Feb 21

Key Government Policy Announcements of Budget 2021

Health and Well-being New ‘Prime Minister Atma Nirbhar Swasth Bharat’ scheme with an outlay of INR 64,180 crore over next six years to develop primary, secondary, and tertiary health care systems Intensified strategy to improve nutritional outcomes across 112 aspirational districts under Mission Poshan 2.0 Jaljeevan mission for universal supply…
Read More
24 Jul 20

Background of Equalisation Levy

Equalisation levy is an unilateral measure to tax some digital activities. It was introduced in Finance Act 2016 with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. To tackle taxation issues in transaction conducted in cyber space, equalisation levy has been…
Read More
20 Jul 20

Complete Guide to Transfer Pricing Documentation in India

Imagine a business world without documentation – no invoice for purchases, no statements from banks, no agreements, no records,in short, a complete mess? There are television series which depict such situations and even the directors couldn’t imagine a less horrifying world. Trade and commerce thrive on documentation and records. No…
Read More
Greenvissage
Subscribe Now
close slider