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Budget 2021 | Updates on Taxation | Finance Act 2021

01-Feb-21 12:38

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This list is being updated as Finance Minister Presents the budget

- For senior citizens who only have a pension and interest income,  exemption of filing of income tax returns

- Tax Audit limit for businesses having 95% digital transactions increased to 10 Crores 

- Reopening of assessments - Time limit reduced to 3 years

- No TDS on Dividends

- Late deposit of employee's contribution to PF etc will not be allowed as deduction. 

- No change in tax slabs/rates

Comments(12)

Priyanka Udeshi

Priyanka Udeshi

01-Feb-21 19:27

Would the changes in definitions of Small co and OPC be applicable for inter Nov 21?

Madhaan S

Madhaan S

01-Feb-21 22:37

No,Only from May 2022 exam onwards.

S karthik

S karthik

01-Feb-21 16:32

What is the CA final pass percentage?

B S Suraj

B S Suraj

01-Feb-21 17:59

15%

Mahamood Madathodi

Mahamood Madathodi

01-Feb-21 19:16

New syllabus - 5392 has qualified Group 1: 12.84% Group 2: 30.97% Both Groups: 14.47% Old Syllabus - 5675 has qualified Group 1: 17.84% Group 2: 31.77% Both Groups: 5.84%

madhanagopal babu

madhanagopal babu

01-Feb-21 13:08

What is meant by reopening of assessment? What is the time period before

Rahul Raj

Rahul Raj

01-Feb-21 14:02

is it applicable for ca inter?

CA Suraj Lakhotia

CA Suraj Lakhotia

01-Feb-21 16:13

It is applicable for Final. Earlier 6 years.

youtube movies

youtube movies

01-Feb-21 12:44

What about changes in slab rates.. sir

CA Suraj Lakhotia

CA Suraj Lakhotia

01-Feb-21 12:44

May be after GST updates.

Sameer .

Sameer .

01-Feb-21 12:41

Slab rates?

CA Suraj Lakhotia

CA Suraj Lakhotia

01-Feb-21 12:44

They have not yet announced.


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