by CA Chinmay Shirish Agate | May 22, 2021 | SMEs, Taxation
The new Direct Tax regime proposed in Budget 2020 is an option to continue existing or choosing the new tax regime. There may be confusion as to which regime is more beneficial than other. Under the old tax regime, the salaried individuals can continue paying taxes,...
by CA Chinmay Shirish Agate | May 22, 2021 | SMEs, Taxation
The Finance Bill, 2020 has brought a major amendment to section 44AB of the income tax act. After insertion of such changes, Tax Audit limit has been increased from Rs 1 crore to 5 crores provided the taxpayer has Cash receipts which is not more than 5% of...
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