Understand the tax impacts of compound financial instruments. Learn how the introduction of Indian Accounting Standards affects financial reporting requirements.
Central Government in order to widen and deepen the tax net by bringing participants of e-commerce within the ambit of tax, through the Union Budget 2020-21 has proposed to insert a new section ‘194O – Payment of certain sums by e-commerce operator to e-commerce participant’ with effect from Assessment Year beginning from April 1, 2020.
