Category Archives: Direct Tax

Key Highlights of Atmanirbhar Bharat Package 3.0

Key Highlights of Atmanirbhar Bharat Package 3.0 announced by FM on 12.11.2020. For more details, please refer to the attached document: Key Highlights-Atmanirbhar Package 3.0 Disclaimer:- The information contained herein is in summary form based on PPT dated 12th November 2020 … Continue reading

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Note on Faceless Appeal Scheme 2020

The CBDT has Notified the Faceless Appeal Scheme 2020 which has become effective from 25th September 2020. For more details, please refer the attached document:- Note on Faceless Appeal Scheme 2020 Disclaimer:- The information contained herein is in summary form based … Continue reading

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Highlights of Taxation & Other Laws (Relaxation & Amendment)

The Lok Sabha passed the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 on 19.09.2020 which seeks to replace the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (introduced in March, 2020 to provide … Continue reading

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Note on Faceless Assessment

The Hon’ble Prime Minister of India, Sh. Narendra Modi on 13th August 2020 while inaugurating National E-Assessment Centre (‘NeAC’) announced that henceforth there will be transparency in the department and honest taxpayers will be honoured. In this regard, inter alia, … Continue reading

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Income tax (17th Amendment) Rules 2020 dated 24th July,2020.

The Income-tax (17th Amendment) Rules 2020 have brought in certain procedural amendments in the following rules: Effective from 1st October 2020 Rule 37CA (Time for TCS payment); Rule 37-I (TCS Credit); Rule 31AA (TCS Return); and Form No. 27 EQ … Continue reading

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