The Finance Nirmala Sitharaman today announced that, Due to the emerging financial distress faced by most companies on account of the large-scale economic distress caused by COVID-19, it has been decided to raise the threshold of default under section 4 of the IBC 2016 to Rs 1 crore (from the existing threshold of Rs 1 […]
The post IBC Threshold Raised to ₹ 1 Crore, Applicability of CARO 2020 extended to FY 2020-21: FM appeared first on Taxscan | Simplifying Tax Laws.
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