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Changes in Tax Residency of Indian Citizens and Persons of Indian Origin as per Amended Finance Bill, 2020

The amended Finance Bill, 2020 came into effect from 1st April 2020. Among numerous and vital changes in many provisions of the Act, significant changes have been proposed on the ‘basis of determining the individual’s residency status in India’. The changes will peculiarly affect Indian Citizens and Persons of Indian Origin. In the following composition, the revised […]

TDS Rates for Dividend

TAXATION OF DIVIDENDS – APPLICABLE TDS RATES

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 […]

During and Beyond COVID 19

Internal Audit During and Beyond COVID-19

The impact of COVID-19 on operations and the overall economy could potentially last for months or even years. Looking towards the situation, how extended disruptions have affected the supply chains, productivity, business growth, etc. several key considerations have been set up at the organizational level to anticipate the emerging risks. Intending to survive in this epidemic situation, […]