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Perspective on budget 16 and currency market

Rahul Magan 02 March 2016 at 10:46

The FY17 Union budget reflects a tough juggling act: managing the need to stay prudent fiscally while accommodating funds for an expanding wage bill, banking sector recapitalization, rural sector, and growth critical infrastructure spending.

Highlights - Union Budget - 2016

gautam singh 02 March 2016 at 10:36

Top Highlights of the Union Budgets - 2016Tax Infrastructure and agriculture cess to be levied. CPI inflation has come down to 5.4% from 9 plus. Excise duty raised from 10 to 15 per cent on tobacco products other than Beedis. 1 per cent service charg

Budget highlights for Direct taxes

Guest 01 March 2016 at 13:35

1. Relief to small tax payers(a) Rebate under Sec 87A: With the objective of providing relief to resident individuals in the lower income slab i.e. total income not exceeding Rs. 5,00,000, section 87A is

51 points major changes in Direct Tax Law

CA RANJEET AGARWAL 01 March 2016 at 10:45

1. Rates of income-tax- Surcharge @12% if Income exceeds 1 Crore with marginal relief.2. Divedend Tax- any income by way of dividend in excess of Rs.10 lakh shall be chargeable to tax in the case of an individual, Hindu undivided family (HUF) or a f

Ye To Jaitley Ka budget hain !!

MEETESH SHIROYA 01 March 2016 at 10:45

INTRODUCTION : As we expect more from Budget but once again we have to wait for another year where we can expect that more changes will be done as per our expectation and Tax Payer will be Happy. As simple, the budget neither gives any benefits nor p

ST new exemption and exemption withdrawn after Budget

CA. Rajeev K. Sharma 01 March 2016 at 10:44

ST new exemptions and exemptions withdrawn immediately with effect from 1st March, 2016 - Budget 2016 Subject Present Position Budgetary Change

Union Budget - Key Direct tax proposals

CMA Ramesh Krishnan 01 March 2016 at 10:43

Union budget for the year 2016-17 has been presented by the finance minister, this budget facing basic challenges global slowdown and additional fiscal burden due to 7th Central pay Commission recommendation. Th

Budget changes in indirect tax

Guest 29 February 2016 at 17:42

SERVICE TAX:1. No Change in rate of Service Tax.2. Krishi Kalyan Cess, at the rate of 0.5% of value of taxable service imposed, with effect from 01.06.2016.3. Definition of Negative list pruned by removing from the list (a) Education Services (b) Tra

Direct taxes proposals under Union Budget 2016-2017

Guest 29 February 2016 at 17:39

DIRECT TAXES PROPOSALS UNION BUDGET 2016-2017: MAJOR DIRECT TAX PROPOSALSAdditional Resource Mobilisation Rationalization of taxation of income by way of dividend: It is proposed to amend the Income-tax Act so as to provide that any income by way of

Excise on Ready Made Garments and Made Ups - Post Budget-2016 Position

CA. Rajeev K. Sharma 29 February 2016 at 15:35

Excise duty of 2% (without CENVAT credit) or 12.5% (with CENVAT credit) is being levied on readymade garments and made up articles of textiles falling under Chapters 61, 62 and 63 (heading Nos. 6301 to 6308) of the Central Excise Tariff except those