LOCKDOWN AND TAXATION
Coronavirus brought about a standstill to everyone’s life. The number of people affected ranges from an average salaryman to multinational companies. Another significant aspect of the pandemic was the nationwide lockdown to help control the spread of the virus. It meant a complete stop to the operations of companies and businesses, and as these ventures were in their lives, they suffered massive losses. The country provided compensation for the losses of people through various schemes, but in doing so, a large percentage of national savings was used. As lockdown ends, the government has started to increase the tax rates on businesses and companies to make up for the loss. The ventures being taxed are already going through loss, and to avoid hefty taxes, Accounting and tax services are required now more than ever. Digilekha Consultancy Pvt. Ltd is a firm that provides Accounting and Tax Compliance services in Pune . A skilled team is the backbone of success for a...