Budget 2021

Government Increases Tax Audit Limit to Rs. 10 crores – Budget 2021

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Government Increases Tax Audit Limit to Rs. 10 crores

Under the Union Budget 2021, Finance Minister Nirmala Sitharaman has announced the notification to increase the tax audit threshold limit from Rs. 5 crores to Rs. 10 crores. Also, this decision provides much-needed help to organisations and businesses that transact electronically. It aims to promote cashless digital transactions and reduce the burden of compliance for … Read more

Dispute Resolution Committee to have multiple benches- Budget 2021

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Dispute Resolution Committee

With the aim of Atamnirbhar Bharat, Finance Minister Nirmala Sitharaman made an important announcement of the Union Budget of 2021-2022 on February 1st 2021. This budget included many reforms in multiple ways. One of the important reforms is about Dispute resolution. In this article, we will read about the Dispute Resolution Committee to have multiple … Read more