https://www.taxtmi.com/acts?id=38347 The Finance Bill, 2020 proposes broad amendments to the Income-tax Act and related fiscal laws: it expands source taxation by treating significant economic presence as business connection for non-residents (including targeted ads, sale of data and data-driven sales), revises residence criteria and deemed residency, creates new registration and approval regimes for trusts and charitable entities, introduces alternate tax options for individuals/HUFs and cooperative societies, tightens compliance by moving numerous accountant certification and audit-report deadlines to the specified date, and enacts new withholding and collection obligations (notably for e-commerce operators), while also amending customs, GST and tariff rules and introducing penalties and information-statement mechanisms. en-us Sat, 01 Feb 2020 18:01:02 +0530 Mon, 03 Feb 2020 10:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38347 The Finance Bill, 2020 proposes broad amendments to the Income-tax Act and related fiscal laws: it expands source taxation by treating significant economic presence as business connection for non-residents (including targeted ads, sale of data and data-driven sales), revises residence criteria and deemed residency, creates new registration and approval regimes for trusts and charitable entities, introduces alternate tax options for individuals/HUFs and cooperative societies, tightens compliance by moving numerous accountant certification and audit-report deadlines to the specified date, and enacts new withholding and collection obligations (notably for e-commerce operators), while also amending customs, GST and tariff rules and introducing penalties and information-statement mechanisms. Act-Rules Bills Sat, 01 Feb 2020 18:01:02 +0530 https://www.taxtmi.com/acts?id=38347