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CHANGES AND INTRICACIESRECENT

Vol. VIII | No. 11 | August 2020

No. MCS/149/2019-21 / R.N.I. No. MAHENG/2012/47041 - Total Pages: 169

Chamber's CADRE

August 2020 | The Chamber's Journal | 3 |

Editorial Vipul B. Joshi .........................................................................5

From the President Anish Thacker ..........................................................................9

SPECIAL STORY

Recent Changes and Intricacies

New Tax Regime for Individuals (Section 115BAC) — Meghna Chheda ......................13

New Tax Regime for Corporates — Abhitan Mehta ...........................................................23

Change in Taxation of Dividend income — Niranjan Govindekar & Krunal Tate ......................28

Key Changes in Income Tax Return Forms for A.Y. 2020-21 — Toral Shah ...................................36

Amendments to Equalisation Levy provisions – Issues and Analysis — Rutvik Sanghvi ...........................................................48

Multilateral Instrument – Issues and Safeguards to maintain in connection with Form 15CA and Form 15CB — Uday Ved ....................................................................66

Does concessional withholding tax benefits under Covid-2019 cause exasperation from incremental complexity or compliance? — Shailendra Sharma .....................................................76

Recent Policy Initiatives for MSME Sector — Bhavesh Thakkar .......................................................86

The Dastur Essay Competition 2020 — Saniya Mary Stanly ...................................................92

ContentsVol. VIII | No. 11 | August – 2020

Direct Taxes

High Court — Paras S. Savla, Jitendra Singh & Nishit Gandhi ........................................................................105

Tribunal — Neelam Jadhav, Neha Paranjpe & Tanmay Phadke............................................................113

International Taxation

Case Law Update — Tarunkumar Singhal & Dr. Sunil Moti Lala ........118

Indirect Taxes

GST Gyaan - ITC restriction relating to construction of immovable property — Shilpi Jain..................................................................126

GST – Recent Judgments & Advance Rulings — Naresh Sheth & Jinesh Shah .................................. 131

Service Tax – Case Law Update — Rajiv Luthia & Keval Shah ....................................145

Corporate Laws

Case Law Update — Makrand Joshi ......................150

Other Laws

FEMA Update & Analysis — Mayur Nayak, Natwar Thakrar & Pankaj Bhuta ...............................158

Best of The Rest — Rahul Sarda ............................163

The Chamber News — Haresh Kenia & Neha Gada ..................................167

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