Direct Tax Updates:
CBDT has withdrawn enhanced surcharge on tax payable on the transfer of certain assets. In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance Act, 2019.
NEW SEC-194N OF I.TAX ACT– TDS@2% ON CASH WITHDRAWAL ABOVE RS. 1 CRORE
Indirect Tax Updates:
RBI Updates:
SEBI Updates:
International Taxation
Central Board of Direct Taxes specified conditions for exemption of income under section 10(4E) of the Income-tax Act when non-deliverable forward contracts are transferred to an offshore banking unit of an International Financial Services Centre (IFSC)
Other Updates:
Key Due Dates:
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