Union Budget 2020 Highlights

 In GST, Taxation

Budget 2020-2021 presented by the honourable Finance Minister Nirmala Sitharaman laid far-fetching reforms to propel the Indian Economy towards its ambitious goal of becoming a $5 trillion economy by 2024.

Bold tax reforms were announced from reduced tax rates to abolishment of Dividend Distribution Tax, from introduction of e-Appeals to increase in tax audit turnover threshold from 1 crore to 5 crore, from reduction in corporate tax to 22% for existing companies to the lowest corporate tax rate of 15% for new manufacturing firms, the budget was a big win for the honest taxpayers.

For more information on the salient features of the Budget, click on the link below.

budget-2020-highlights

In case of any queries or clarifications, you can reach out to our partner, CA Shweta Mittal at shweta.mittal@maasca.com.

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