Taxation of Cryptocurrency and NFT in India
Taxation of Cryptocurrency and NFT in India
Union Budget 2022- Key Highlights – All You Need to Know
The Union Budget 2022 was announced on 1st February 2022, in the wake of upcoming elections in 5 states- Uttar Pradesh, Goa, Punjab, Uttarakhand and Manipur. It was expected to be a populist budget, along with a boost to education, EV industry and renewable energy. However, not all of these expectations were met in the …
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The Bad Bank Takes Over – All You Need to Know
On 16th September, the Finance Minister Nirmala Sitharaman announced the plans for a bad bank - National Asset Reconstruction Co Ltd. But let's not start this story from the end and have a look at what it means. During the budget earlier this year, the FM had announced -" The high level of provisioning by …
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Union Budget 2021- Key Takeaways – Everything You Need to Know
The Union Budget of 2021 had everyone’s attention as the country was recovering from the economic impact of pandemic and lockdown imposed consequently. Though the recent IMF forecast for India’s GDP growth was a positive, it was to be seen whether the budget would prove to be a catalyst or hindrance to such growth. The …
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Major TCS Amendments applicable from 1st October 2020
TCS on High Value sale of Goods - Section 206C (1H) > Applicable on sellers of goods whose turnover exceeds INR 10 crores during the last year. This means that for the provision to be applicable during FY20-21, the sales should have exceeded INR 10 crores during FY19-20.> TCS is to be collected from buyers …
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The Financial Lens 