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Transfer pricing: An introduction

Posted by sushantca 12 March 2016 13053 Views

Transfer pricing:� Selection criteria for TP audits - Aggregate value of international transactions is INR 15 Crores or more� Cases with international transactions amounting to lower than this threshold are picked up on the basis of judgmen

Significant Union Budget 16 Highlights

Posted by CA Manish Jathliya 12 March 2016 6591 Views

Significant Budget Highlights 2016-17- Direct Taxes 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

Budget 2016 - An Analysis for Layman as well as Tax Practitioners

Posted by CA Tejas Andharia 12 March 2016 9496 Views

1. Income Tax rates are not changed (except in case of certain types of companies) but surcharge in case of individual, H.U.F., A.O.P., B.O.I. and artificial juridical persons is increased from 12% of income tax to 15% of income tax. [Not to worry si

Input service distributor - Concept simplified & scope widened

Posted by Pradeep Jain 10 March 2016 8968 Views

Introduction:-Budget 2016 has been introduced and it has bought some major changes in the Cenvat credit scheme by amending the Cenvat Credit rules, 2004. One such change has been introduced in the rule 7 which relates to the input service distributer

Budget 2016 - Direct and indirect taxes

Posted by Abhishek Pandey 09 March 2016 18427 Views

INDIRECT TAXES : EXCISE, SERVICE TAX & OTHERS � KRISHI KALYAN CESS (KKC): New cess proposed @0.50% wef 01.06.2016. This shall be levied & collected as service tax on all or any taxable services on the value of such s

Impact of increase service tax on Make in India

Posted by Bimal Jain 09 March 2016 7530 Views

Dear professional colleague,Krishi Kalyan Cess on all taxable services w.e.f. June 1, 2016 � Impact on �Make in India� and �Start-up India� driveAmidst huge expectations, the Hon�ble Finance Minister Shri. Arun Jai

Introduction to Income Computation and Disclosure Standards (ICDS)

Posted by Rahul Magan 09 March 2016 11117 Views

Purpose of the article: -The purpose of the article is to give introduction of ICDS and important points for Corporates regarding ICDS 7 which covers impact of Disclosures Standards of Foreign Exchange in the books of Corporates.Income Computation an

Union Budget 2016-17 - Service Tax

Posted by Deepak Bansal 09 March 2016 12310 Views

SERVICE TAX 1.0 Amendments in Finance Act [Effective from date of enactment of Finance Bill, unless otherwise stated] 1.1 Amendment in Negative List 1.1.1 Widening the ambit of Service Tax by way of omission of Education Services specified under Clau

Start up India - Benefits and challenges

Posted by CS MOHIT SALUJA 08 March 2016 16549 Views

Start Up: The common man understands the word start up that when he starts any business. And the same is exactly true. But this word 'START UP' is the word of every mouth since January 16, 2016. Because our Prime Minister Narendra Modi ha

Building India - A shared responsibility

Posted by CA Anil Garg 08 March 2016 6204 Views

In plain terms, I wish to state that India cannot and will not be built with tweaking something here and something there. Average per capita income of the world is $10,000 whereas that in India it is around $1600. The size of the world economy is $70