India releases the 2020-21 Union Budget

Executive summary
The Finance Minister of India presented the Union Budget for tax year 2020-21 (the Budget 2020) on 1 February 2020. The Budget 2020 includes proposals to abolish the Indian dividend distribution tax (DDT) and replace it with a conventional shareholder withholding tax, introduce lower withholding tax rates on certain debt instruments for nonresidents, defer the application of …
Continue Reading