Budget 2020 Impact on Income Tax
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Daily Archives: February 3, 2020
CBDT Clarification on Indian citizens Income by Finance Bill 2020
Clarification regarding Proposal in the Finance Bill 2020 Source Union Budget 2020 Download Ministry of Finance Posted On: 02 FEB 2020 The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India, if he is not liable to be taxed in any country or jurisdiction. This is an anti-abuse… Read More »
New TCS u/s 206C on foreign remittance ,selling of overseas tour package & TCS on sale of goods over a limit.
Widening the scope of section 206C to include TCS on foreign remittance through Liberalised Remittance Scheme (LRS) and on selling of overseas tour package as well as TCS on sale of goods over a limit. Source Union Budget 2020 Download Section 206C of the Act provides for the collection of tax at source (TCS) on business… Read More »