https://www.taxtmi.com/news?id=22480 Finance Bill, 2020 revises income tax rates and surcharge structures, introduces optional tax regimes for individuals/HUFs and certain co operatives with specified exclusions, expands residence and source rules including significant economic presence for non residents, strengthens transfer pricing/safe harbour and anti avoidance measures, and broadens withholding, reporting and penalty regimes (notably new e commerce withholding and stricter documentary/audit timelines). It reforms non profit registration and reporting via new section 12AB, and enacts customs and GST amendments including rules of origin administration, a Health Cess on imports, electronic duty ledgers and retrospective tax clarifications. en-us Sat, 01 Feb 2020 18:31:22 +0530 Wed, 11 Feb 2026 15:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22480 Finance Bill, 2020 revises income tax rates and surcharge structures, introduces optional tax regimes for individuals/HUFs and certain co operatives with specified exclusions, expands residence and source rules including significant economic presence for non residents, strengthens transfer pricing/safe harbour and anti avoidance measures, and broadens withholding, reporting and penalty regimes (notably new e commerce withholding and stricter documentary/audit timelines). It reforms non profit registration and reporting via new section 12AB, and enacts customs and GST amendments including rules of origin administration, a Health Cess on imports, electronic duty ledgers and retrospective tax clarifications. News - Sat, 01 Feb 2020 18:31:22 +0530 https://www.taxtmi.com/news?id=22480