In the wake of the countrywide lockdown for dealing with the global COVID crisis, India’s Parliament, just before adjourning, enacted the Finance Bill 2020 (FB 2020). The Finance Act received Presidential assent on 27 March 2020. It contains the tax proposals for Financial Year (FY) 2020-21 (i.e. 01 April 2020 to 31 March 2021), which would be incorporated in the Income-tax Act 1961 (ITA).

 

In this report, we have summarized all those changes in the Income Tax Act that every business decision maker must know about.

 

Download the Report Here

 

 

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For any query, support or feedback, reach us at India Tax & Legal Compliance or WA us at +91-9230033070 or Call us at 1800-102-7550 for any support/query/feedback.

 

In these troubled times -COVID-19, we, at Taxmantra Global urge you to stay safe – social distancing, personal hygiene and health care are of utmost importance! Stay safe!

 

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