Newly Inserted Section

Analysis of newly inserted Section 194O

The Union Budget brought about an insertion of Section 194O in the Income Tax Act,1961 effective from 1st October,2020 which warranted a tax deduction of 1% of the gross amount of goods, services, or both by the E-Commerce...

Khushi Surana - April 25, 2020

Company Law and IBC

Section 115 BAB – New Corporate tax rate for new manufacturing companies

The Government, via Taxation Laws (Amendment) Ordinance, 2019 passed on 20 September 2019, has introduced a favorable new corporate tax rate for new manufacturing companies. It has inserted Section 115BAB offering a low...

Khushi Surana - April 9, 2020