Revised due dates under the Income Tax Act, 1961 amid corona virus spread. The government has passed an ordinance on 31st March, 2020 to relax the various due dates for compliances, deposit of tax with reduced interest rates, making investments, completion of proceedings etc. which are falling
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Micro, Small and Medium Enterprises- Engine for Economy Growth. The Government of India enacted Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 to promote MSME industries in India. Mr. Nitin Gadkari, Union Minister for MSME said that MSME sector contributes 29% in India’s GDP and employs
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Multilateral Instruments (MLI) and Its impact on India What is MLI? Multilateral instruments (MLI) stands for Multilateral convention to implement tax related measures to prevent base erosion and profit shifting. This instrument is contained in action plan 15 of BEPS Project. The MLI allows jurisdictions to swiftly
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