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Finance Bill 2021 focuses on small and medium taxpayers while proposing panel for resolving long-pending cases
While the Budget did not introduce any additional taxes/compliances, key expectations on thresholds, compliance eco-systems, streamlining processes, etc., remain unfulfilled.
Ease of Doing Business for MSMEs: Commerce Minister Nirmala Sitharaman in her budget speech on Monday had proposed to revise the definition of small companies under the Companies Act, 2013 by increasing the threshold for paid-up capital from Rs 50 lakh to Rs 2 crore and for turnover from Rs 2...
Union Budget 2021: After being battered by the Covid-19 induced lockdowns and shutdowns, Union Budget 2021 was largely expected to reaffirm the Government’s commitment to the economy and signal an era of recovery.