Insertion of new section 115BAB After section 115BAA of the Income-tax Act, the following sections shall be inserted with effect from the 1st day of April, 2020, namely:— 115BAB. Tax on income of new manufacturing domestic companies.— (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, other than those mentioned under […]
Insertion of new section 115BAA After section 115BA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2020, namely:— ‘115BAA. Tax on income of certain domestic companies.—(1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, other than those mentioned under section
Corporate tax refers to the tax that companies must pay on their profits. The tax rate and structure can significantly affect business operations, investment decisions, and economic growth. In India, corporate tax has undergone various changes over the years, aimed at making the business environment more competitive and encouraging investments. The reduction in corporate tax
Amendment of section 115BA In section 115BA of the Income-tax Act, with effect from the 1st day of April, 2020,— (a) for the marginal heading “Tax on income of certain domestic companies”, the marginal heading “Tax on income of certain manufacturing domestic companies” shall be substituted; (b) in sub-section (1), for the words
Amendment of section 92BA In section 92BA of the Income-tax Act, 1961 (43 of 1961) (hereafter in this Chapter referred to as the Income-tax Act), after clause (v), the following clause shall be inserted, with effect from the 1st day of April, 2020, namely:— “(va) any business transacted between the persons referred to in sub-section
This scheme, launched by the Rajasthan Government’s Labor Department, is designed to alleviate the financial burden of visa expenses for construction workers seeking employment abroad. By reimbursing these costs, the scheme aims to encourage construction workers to pursue overseas employment opportunities and contribute to the state’s economy through foreign remittances. Eligibility Construction workers must be
The Food Safety and Standards Authority of India (FSSAI) is the regulatory body that ensures the safety and quality of food products in India. The FSSAI license is mandatory for food businesses, including manufacturers, importers, and relabellers. A relabeller refers to an entity or business that buys food products from manufacturers, repackages them, and then
Short title and commencement (1) This Act may be called the Taxation Laws (Amendment) Act, 2019. (2) Save as otherwise provided, it shall be deemed to have come into force on the 20th day of September, 2019. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal |
The Food Safety and Standards Authority of India (FSSAI), established in August 2011, provides food licenses to food businesses in India. It is mandatory for food businesses to get a food license before they officially start their business. FSSAI was set up by the Ministry of Health and Family Welfare, Government of India, as an
Useful forms for citizens in India, categorized by their purpose and usage across different sectors such as income tax, legal matters, government services, and more 1. Income Tax Forms These forms help individuals and businesses manage their tax filings. Form 16 Purpose: Issued by employers to employees as proof of TDS (Tax Deducted at Source)
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