The Finance Minister, while announcing the budget 2020 has proposed to amend the Companies Act, 2013 to substitute criminal liability by civil liability. The Finance minister stated that “tax harassment” would not be tolerated and also reassured taxpayers that the government will take measures to free from harassment of any kind. Finance Minister Nirmala Sitharaman […]
The post Budget 2020: Changes in Companies Act – Criminal Liabilities to be substituted by Civil Liabilities appeared first on Taxscan | Simplifying Tax Laws.
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