Monthly Archive: February 2021
GST (GOODS AND SERVICES TAX) – CHANGES IN BUDGET 2021
Amendments carried out in the Finance Bill, 2021, will come into effect from the date when the same will be notified (except where specifically mentioned otherwise), as far as...
INCOME TAX – MAJOR CHANGES IN BUDGET, 2021 FOR F. Y. 2021-22 (A.Y. 2022-23)
1. Exemption from filing income tax returns for senior citizens (75 years and above) who only have pension and interest income. The paying bank will deduct the necessary tax...
BUDGET 2021 : GST – DETENTION, SEIZURE AND RELEASE OF GOODS AND CONVEYANCES IN TRANSIT (Amended Section 129)
The Finance Bill, 2020 has amended Section 129 relating to detention, seizure and release of goods and conveyances in transit. TheĀ amended section is noted below for ready reference:- “129...