Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2020: Tax Rate Changes, Residency Criteria, Business Trusts, GST, and Stamp Act Amendments</h1> The Finance Bill, 2020, introduces various amendments to the Income-tax Act and other related laws. Key changes include specifying tax rates for the assessment year 2020-2021, revising definitions such as 'business trust,' and altering residency criteria in India. Amendments address capital gains, business connections, and exemptions for mutual funds and business trusts. New provisions for tax deductions and penalties are introduced, while existing sections on tax deductions at source, audit requirements, and income from other sources are revised. The Bill also proposes changes to GST, customs duties, and the Indian Stamp Act, impacting various sectors and transactions.