Changes introduced by Budget 2020 which require clarity in Budget 2021
By
Vikas Vasal ( IANS)
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Published on
Thu, Jan 28 2021 14:48 IST
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New Delhi, Jan 28 : Budget 2020 introduced several changes in the Income-tax provisions. Some of most discussed and debated ones being scrapping of dividend distribution tax (DDT) regime, expansion of tax collection at source (TCS) provisions on sale of goods and expanding the scope of digital tax provisions.
Over the past one-year stakeholders have highlighted few concerns on the interpretational aspects and practical challenges in complying with these new provisions and changes. It is expected that in the upcoming Budget 2021, the government will address these concerns. Some of the key issues that require clarity include: