The Union Budget 2020 introduced a new personal income tax regime for individual taxpayers. However, the option for this concessional tax regime came with a cost, it required the taxpayer to forego certain specified deductions.
The option once exercised cannot be reversed, unless the taxpayer fails to meet the conditions.
We, at SCA, have prepared a calculator that helps the taxpayer to opt for the old or the new regime.
With more companies exploring blockchain business opportunities—including the blockchain audit trail—many accounting firms have undertaken blockchain initiatives to further understand the implications of this important and versatile technology. Audit and assurance professionals should stay abreast of developments and continue to learn more about blockchain business applications, blockchain in accounting, and blockchain audit technology.
This whitepaper explores the potential impact that Blockchain Technology has on the Auditing & Assurance Profession.
The Budget 2019-20 provided an exemplary overview of the way forward for the Modi Government elementally viewing the overall growth vision rather than extensive elucidation of reforms. The budget has been fruitful for the start-ups- encouraging setting up & augmenting their growth by providing additional capital gain exemption and reducing red-tape.
With an effort to decode and simplify the major reforms of the Finance Bill 2019, we bring to you a summary of the KEY TAX PROPOSALS of the Union Budget: Gearing up for a Brighter Future