Deduction in case of delay in deposit of employee contribution – Dilemma put to rest!

India’s first digital Budget was announced by the Finance Minister on 01 February 2021. Amidst the economy reviving from COVID-19, Budget 2021 may be considered as the Budget for an ‘Atma Nirbhar Bharat’ that aims to strengthen the economy. Budget 2021 focuses on infrastructure, farmers, MSMEs, healthcare, ease of doing business, etc. While the Budget 2021 did not bring about any change in the corporate tax rate or slab rates for individuals, the issue of deduction with respect to delay in deposIndia’s first digital Budget was announced by the Finance Minister on 01 February 2021. Amidst the economy reviving from COVID-19, Budget 2021 may be considered as the Budget for an ‘Atma Nirbhar Bharat’ that aims to strengthen the economy. Budget 2021 focuses on infrastructure, farmers, MSMEs, healthcare, ease of doing business, etc. While the Budget 2021 did not bring about any change in the corporate tax rate or slab rates for individuals, the issue of deduction with respect to delay in depostaxmann.com Latest ArticlesRead More

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