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.


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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