New Corporate & Professional Update 2021
New Corporate & Professional Update: KEY PRACTICAL TAKEAWAYS: Income Tax: CBDT has issued Circular No. 12/2020 dated 20.05.2020 in order to exempt B2B suppliers with 95% or more receipts through non-cash mode to not maintain prescribed payment modes as per Section 269SU such as POS, UPI, UPI-QR, etc. Note-These assesses can disable these facilities if …