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Be prepared for Tax Collected at Source from 1 Oct 2020

Any seller of any goods whose turnover in the preceding financial year exceeds Rs 10 crore is liable to collect TCS at 0.1% of the sale value (0.075% for Oct 2020 to Mar 2021 period) from the buyer if the buyer purchase goods for the value exceeding Rs 50 lakhs.Read more

[Budget 2020] Budget gives impetus to power and infrastructure sector: Gautam Seth

According to Gautam Seth, Jt MD, HPL Electric & Power, FM’s announcement to replace energy meters with pre-paid smart meters will help in bring about more financially healthier utilitiesRead more

[Budget 2020] Budget aims to give boost to MSME sector with number of proposals

MSMEs turnover threshold for audit increased 5 times to Rs 5 crore, proposes Rs 1000 crore for MSME funds, increase customs duties on labour-intensive products like footwear, furniture, etcRead more

[Budget 2020] Three themes of Budget 2020: Aspirations, Economic development, Caring Society

Focus on agriculture to give boost to agri and food processing machinery and other equipment like solar pumps, solar panels etcRead more

Budget 2019-20 is development centric, forward looking: Anil Gupta

One nation, One Grid & the Pradhan Mantri Gram Sadak Yojna will ensure power connectivity at affordable rates, says Anil Gupta, CMD, KEI IndustriesRead more

Budget 2019 is significant for India’s machine tools industry: IMTMA

It is a positive step towards development of MSME sector and aims to position India as an elite manufacturing hub, says Indian Machine Tool Manufacturers' Association (IMTMA)Read more

Quarterly GST returns for businesses with Rs 5 cr turnover: Budget 2019-20

The Budget proposes to move to an electronic invoice system, to be rolled out from January 2020, wherein invoice details will be captured in a central system at the time of issuanceRead more

New-age skills AI, robotics, IoT to be promoted: Budget 2019-20

Under Stand-Up India Scheme, which has been extended till 2025, banks will provide financial assistance for businesses, including for acquisition of scavenging machines, robotsRead more

Budget 2019-20 proposes PPP model for faster development of railways

It is estimated that Rs 50 lakh crores will be needed for railway infrastructure between 2018 and 2030, while capex outlays of Indian Railways are around 1.5 to 1.6 lakh crores per annumRead more

EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20

To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more

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