J P Chawla & Co. LLP

Fineprint Vol.10 2021

Indian government has commenced urban transformation schemes. Hence, there has been an increased focus on water harvesting systems, steel production, setting up medical infrastructure and incentivising the telecom industry.   

As far as trade is concerned, Government of India is looking to improvise the trade relations with South Korea & Australia.   

On the taxes part, there has been amendment of income tax rules with reference to income through transfer of assets & capital.   

Goods & services tax updates are there with concern to delivery companies, ice cream parlours, mineral exploration, amusement parks & alcoholic liquor.    

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