Transparency, Tax Stability Key Principles Of Budget | Sidnaz Blog

February 5, 2021

Finance Minister Nirmala Sitharaman presented Budget 2021 in the Lok Sabha on February 1 Finance Minister Nirmala Sitharaman said that the key principles adopted by the government for Budget 2021 were transparency and tax stability. The Finance Minister, while addressing top officials at a virtual interaction with industry body – Confederation of Indian Industry (CII), stated that […]

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Tax Holiday, Debt Financing Of REITs; Key Highlights Of | Sidnaz Blog

February 5, 2021

Budget 2021: Finance Minister Nirmala Sitharaman presented the budget on February 1, 2021 Budget 2021: While presenting Budget 2021 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced to increase the supply of affordable house, and announced the extension of the eligibility period for claiming tax holiday for affordable housing project by one more year to March […]

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Tax Holiday For Startups, Senior Citizens Get Tax | Sidnaz Blog

February 4, 2021

Budget 2021 Tax Highlights: The government extended tax holiday for affordable housing projects Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax […]

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Government Extends Eligibility Period For Claiming Tax | Sidnaz Blog

February 3, 2021

Tax holiday for notified affordable rental housing projects introduced. ► Affordable housing projects approved up to 31 March 2022 (‘erstwhile 31 March 2021′) to be eligible for tax holiday. ► Additional interest deduction of INR 1.5 lakhs for acquisition of specified residential house property by individuals for loan obtained till 31 March 2022 (‘erstwhile 31 […]

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EU Seeks to Overturn $15.8 Billion Apple Tax Ruling, | Sidnaz Blog

February 2, 2021

The European Union is seeking to overturn Apple’s victory in a 13 billion-euro ($15.8 billion) (roughly Rs. 1,15 lakh crore) tax dispute, saying judges used “contradictory reasoning” when they found that the company’s Irish units weren’t liable for huge payments. A summary of the appeal published Monday shows the EU’s determination to challenge the critical […]

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Expected Economic Recovery Could Result In Buoyant Tax | Sidnaz Blog

January 30, 2021

Economic Survey 2021: Finance Minisiter Nirmala Sitharaman tabled the economic survey in the Lok Sabha Economic Survey 2021: Chief Economic Advisor Krishnamurthy Subramanian presented the economic survey 2021 on Friday, January 29, ahead of budget 2021. This year, the budget assumes significance as it will be presented at a time when the economy is battered due […]

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India Requires Technology-Friendly Tax Policy, Says | Sidnaz Blog

January 26, 2021

India can increase its share in the data centre market with the necessary policy support and incentives. India’s digital push and exponential data growth have resulted in strong demand for digital infrastructure and the technology industry has strong expectations from the Union budget to be presented by finance minister Nirmala Sitharaman on February 1. The […]

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Real Estate Sector Seeks Tax Rebate On Housing, GST | Sidnaz Blog

January 24, 2021

Budget 2021: Real estate sector expects lower home loan interest rates Budget 2021: The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said. The demands include personal tax relief, tax rebate on housing, extension of interest subvention, GST waiver, […]

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Amend Income Tax, GST Laws To Accommodate Crypto | Sidnaz Blog

January 23, 2021

Budget 2021: A proper recognition for cryptocurrency can accelerate its contribution to the GDP Budget 2021: Considering the ambiguity among investors pertaining to the tax applicability for the income earned from crypto trading, the upcoming budget should bring in amendments in the Income (I-T) Tax and GST laws to offer more clarity to investors, traders, and crypto organizations, stated Mr […]

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Tax Cut On Dividend Paid By Any Mode Other Than Cash | Sidnaz Blog

January 16, 2021

Bad debts written off from the books of account is permitted as a deduction from the taxable income. Tax deduction from dividends is mandatory for every Indian company or a company that declares and makes payment of dividends within India. However, no tax shall be deducted from the payment of dividend to an individual shareholder, […]

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