Budget 2020-21 has come up with some considerable changes in various provisions of the Income Tax Act, 1961. One of such provisions, where taxpayers are primarily involved, is the taxation of Dividends. The dividends received up to 31st March 2020 were broadly exempt in the hands of the recipient. However, the company or mutual fund paying the […]
This article provides an overview of significant income tax-related relief measures taken by the Government of India to assist the corporate and individual taxpayers in the face of the unique and pressing challenges presented by the current COVID-19 pandemic. Due to the severe impact on the lives of people, considering both health and economic factors, the consequences are[…..]
Faceless Income Tax Assessment:- E-assessment scheme 2019 was introduced to eliminate the interface between the Assessing Officer and the assessee. Now, the assessment proceedings will take place irrespective of jurisdiction. The main feature of the scheme was notified by CBDT vide Notification No. 61 and 62 /2019 dated 12/09/2019.