Orporate Legal

India  and  Myanmar  exchanged  10 Memorandums of Understanding  (MoUs) in different various fields including energy, infrastructure, health, transport and communication and conservation of Tigers and other Wildlife. The MoUs were exchanged following detailed talks between  Prime Minister Narendra Modi  and visiting  Myanmar President U Win Myint  in New Delhi Following is the list of 10 MoUs exchanged between the two nations: S.No MoU/Agreement Indian Signatory Myanmar Signatory 1 MoU on Cooperation for Prevention of Trafficking in Persons, Rescue, Recovery, Repatriation and Re-Integration of Victims of Trafficking Saurabh Kumar, Ambassador of India to Myanmar Moe Kyaw Aung, Ambassador of Myanmar to India 2 Agreement regarding Indian Grant Assistance for implementation of Quick Impact Projects (QIP) Saurabh Kumar; Ambass...

Budget 2020 Highlights Regarding Direct Taxes  1-Tax Payer Charter will announce soon 2-Tax Payer Statute coming Soon  3-Deposit Insurance raised up to Rs.500000/ 4- government stake in IDBI Bank will be sold  5- Government to sell part of his stake in LIC 6- Significant Tax Reforms undertaken 7-Removed 70 deduction around in new Tax resume 8-removed Dividend Distribution Tax , receiver will pay tax on such income . Now Dividend income will be taxable  9-New Manufacturing company tax rate will 15%  10- Start up exempt from tax turnover  upto 25 crore for 3 year  11- 44AB limit 5 crore for MSME 12-Circle rate and Actual Sale price difference increase to 10%  13-Faceless Appeal introduced  14-Sabka Vishwas scheme , pay tax and no penalty and interest upto June 2020. #Orporate

Budget 2020  Highlights Part 1 Finance Minister delivered major relief or salaried tax payer in her Budget Speech of 2020 today. FM Nirmala Sitharaman announced tax rate cuts and presented restructured tax-slabs for the FY 21. The 2 nd  Budget of Modi Government 2.0 slashed income tax rates by 10% for middle income group from Rs 5 to Rs 10 lakhs. Earlier in her speech, FM announced several new policy measures and new scheme starting from Kisan Rail, Krishi Udaan targeted at Agriculture sector.  She also announced an outlay of Rs 1 lakh crore for education sector along with announcement for development of 100 new airports and development of more Tejas-like trains. Addressing the menace of air pollution, she also earmarked RS 4,400 crores for the same. New Income Tax Rates - Old Regime vs New Revised Income Tax Slabs and Income Tax Rates Income Tax Slab Old Regime Income Tax Rate Revised Income Tax Rate Upto Rs 5 lakhs NA NA From Rs 5 to Rs 7.5 l...