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Latest Articles in finance bill

Equalisation Levy – The E-commerce Leveler

The amended Finance Bill 2020 proposes to expand the scope of the equalisation levy from non-resident companies providing online advertisement facilities (Specified Services) to ‘e-commerce operators’ at the rate of 2%. This levy will be effective from April 1, 2020.

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Should Farmers Pay Income Tax?

Sutanu Guru analyses the controversy over a statement that emanated from the Niti Ayog and concludes that the real issue revolves around rich Indians taking advantage of exemptions for agricultural income

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FM Arun Jaitley Warns Of Action Against Tax Evasion

Finance Minister Arun Jaitley on Thursday warned of action against those passing off income from other sources as agriculture income but ruled out levying any tax on farm earnings

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Finance Bill Passed In Lok Sabha; Tax On Jewellery Remains

Already the fastest growing major economy in the world, India can grow at an even faster pace this year if predictions of good monsoon hold up, Finance Minister Arun Jaitley said on Thursday

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