Finance Minister Nirmala Sitharaman did not announce major changes in the income tax rules in Budget 2021 but announced several changes that would ease compliance for taxpayers.

The MCA has changed the definition of Companies 'Small Companies', to Rs. Has raised the limit for paid-up capital. 50 lakhs to Rs. 2 crores.

Education sector key highlights in Budget 2021

The budget speech has given a strong signal for infrastructure development with a focus on realizing the ambitious national infrastructure pipeline targeting an investment of Rs.11 lakh crore over 5 years. The signal comes from the announced budgetary allocation and decisions:

Finance Minister Nirmala Sitharaman says, "100 new Sainik Schools will be set up in partnership with NGOs, private schools and states. We will introduce legislation to implement the establishment of Higher Education Commission of India this year."

Union Finance Minister Nirmala Sitharaman says that pensioners over the age of 75 are not required to file income tax returns.

Prioritizing health can help rebuild the economy. The PM Atmanbir Swachh Bharat Scheme proposed in the current budget with a plan of Rs 64,180 crore is a historic achievement for the healthcare sector-primary preventive healthcare.

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman is presenting the Union Budget.

The GST revenue collected for the month of January 2021 has touched around Rs 1.20 lakh crore. This is the highest GST revenue the government has collected since the rollout of the Goods and Services Tax regime.

Annual Compliance calendar for Unlisted Companies for FY 2020-21 (Companies Act, 2013). DIR-8, MBP-1, E-form MSME-1, E-form DIR-3 KYC, E-form DPT-3, BEN-1, E-form BEN-2, E-form PAS-6, E-form FC-3, E-form FC-4, E-form, AOC-4 (CFS) (XBRL), E-form, MGT-7, E-form CRA-2, E-form CRA-4 (XBRL).