Did someone invite a spy into your home over the holidays? Maybe so, if a friend or family member gave you a voice-controlled speaker or some other smart device. It’s easy to forget, but everything from internet-connected speakers with voice assistants such as Amazon’s Alexa to television sets with built-in Netflix can be always listening […]
Archives for 2020
Cost Inflation Index for FY 2019-20 is 289
Budget 2017 has changed the base year for cost inflation index (CII) for calculating capital gains from 1981-82 to 2001-02. This would in most cases be beneficial for tax payers. The CII for base year 2001-02 is taken as 100 and CII of FY 2019-20 is 289. Download: Excel based Calculator for Capital Gains Tax […]
From Feb 1, Rs 5,000 fine if firms don’t offer digital payment facilities
Businesses with turnover of Rs 50 crore and above that do not provide digital payment facilities to their customers will be fined Rs 5,000 per day from February 2019, according to a government notification. In a circular issued on Tuesday, the Central Board of Direct Taxes (CBDT) said that with effect from January 1, 2020, […]