Union Budget Bulletin : 2021-22


The Finance Minister has introduced the Budget 2021 in the Parliament amidst the great turmoil caused globally by the pandemic. All governments have had to grapple with the human and economic travails. The budget aims to increase public spending to steer the economy from its worst contraction in decades. In these dire circumstances, the budget has proposed amendments to the Income-tax Act, 1.....

08 Feb 2021

An Analysis of key Amendments in the Finance Act, 2020 (Direct Tax and Equalisation Levy)


The President has given assent on 27 March 2020, to the Finance Act, 2020 passed by the Parliament with many amendments. Enclosed herewith is an analysis of the key direct tax amendments made along with the changes made to the provisions of equalisation levy, to the Finance Bill, 2020, which have wide ramifications. CLICK HERE TO READ. .....

21 Apr 2020

VTPA Tax Bulletin - An Analysis of The Direct Tax Vivad Se Vishwas Act, 2020 (Amended)


Dear Reader, The Parliament has promulgated “The Direct Tax Vivad Se Vishwas Act, 2020” (the Scheme) with the aim of reducing the pending litigation in respect of the direct tax matters. The Scheme has been amended, providing clarifications on certain debatable issues and its coverage has also been widened. Please find enclosed herewith VTPA Tax Bulletin&nb.....

27 Feb 2020

An Analysis of The Direct Tax Vivad Se Vishwas Act, 2020


The Parliament has promulgated “The Direct Tax Vivad Se Vishwas Act, 2020” ( the Scheme) with the aim of  reducing the pending litigation in respect of the direct tax matters. The Scheme, is strict in its application and also in the litigation to be covered. The Scheme could have been more liberal and encompassed other connected litigation to fulfill its aim to curb litigation......

06 Feb 2020

Union Budget Bulletin : 2020-2021


In the backdrop of the economic slowdown, the Hon’ble Finance Minister has presented the 2020 Union Budget. However, the budget does not live up to the expectations of the various stakeholders. The largesse shown to the corporate sector, by the Taxation Laws (Amendment) Act, 2019, has not been followed up with any concession to individual taxpayers, which could have given a.....

03 Feb 2020

Key Amendments to the Finance bill No. 2, 2019 as passed by Lok Sabha


The Lok Sabha has passed the Finance (No. 2) Bill, 2019 on July 18, 2019, which was presented originally in the Lok Sabha on July 5, 2019. Certain changes have been made to the original Bill. An analysis of the key direct tax amendments is enclosed herewith .....

23 Jul 2019

Budget Bulletin : 2019-2020


In the first budget after the formation of new government, India's first lady full-time Finance Minister has provided a thrust to the infrastructure, digital, startup and agrarian economy, with the hope that it may stimulate growth. Enclosed herewith is the Tax Bulletin analyzing the direct tax proposals as stated in the Budget. .....

05 Jul 2019

Key Amendments to the Finance Bill, 2018 passed by Lok Sabha


The Lok Sabha has passed the Finance Bill, 2018 with a few amendments. Enclosed is an analysis of the amendments, for your reference. .....

15 Mar 2018

Budget Bulletin : 2018-2019


In the first budget since the end of demonetization and GST went online, the Finance Minister has again provided a thrust to the rural and agrarian economy, with the hope that it may stimulate growth. Enclosed herewith the Tax Bulletin analyzing the direct and indirect tax proposals as stated in the Budget. .....

01 Feb 2018

Budget Bulletin : 2017-2018


The Finance Minister in his Budget presented to the Parliament today has aimed at giving maximum benefit to the rural, infrastructure, agricultural sector, etc. in the hope that there would be a fillip to the economy. Trust you will find it an interesting read.   .....

01 Feb 2017

Budget Bulletin : 2016-2017


The Finance Minister in his Budget presented to the Parliament today has aimed at giving a fillip to growth and promoting the new age industries. Trust you will find it an interesting read.   .....

29 Feb 2016

Budget Bulletin : 2015-2016


The Finance Minister in his first full Budget presented to the Parliament today has aimed at fiscal prudence with a target to reach 7% growth per annum. With a glimpse of curtailed corporate tax rates and budget allocations for ‘Make in India’, the Finance Minister has highlighted towards growth in industrialization over the long-term tenure. Trust you will find it an interesting .....

28 Feb 2015

Budget Bulletin : 2014-2015


The new Finance Minister in his first Budget presented to the Parliament today has aimed at fiscal prudence and intends the Budget to be a statement of the fiscal policy of the new government for the next 4–5 years, with a target to reach 7–8% growth per annum. There is also an opening up of the economy by way of FDI of 49% in defence and insurance. ‚ÄčTrust you will find it an in.....

10 Jul 2014