Given the cash crunch caused by the covid crisis, we should revise a legal tax provision that renders taxable even bona fide loans given by a company to another group firm
4 min read16 Oct 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared