Others Articles

ST new exemption and exemption withdrawn after Budget

Posted by CA. Rajeev K. Sharma 01 March 2016 13863 Views

ST new exemptions and exemptions withdrawn immediately with effect from 1st March, 2016 - Budget 2016 Subject Present Position Budgetary Change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

Posted by CMA Ramesh Krishnan 01 March 2016 5738 Views

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

Posted by Guest 29 February 2016 24564 Views

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

Posted by Guest 29 February 2016 25310 Views

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

Posted by CA. Rajeev K. Sharma 29 February 2016 18908 Views

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

Key Highlights of Budget 2016

Posted by Guest 29 February 2016 111168 Views

INTRODUCTION Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a bright spot amidst a slowing global economy by IMF. Robust growth achieved despite very unfavourable global conditions and two consecutiv

Synopsis of Union Budget: 2016-2017

Posted by Dr. Anand Wadadekar 29 February 2016 14883 Views

GENERAL:Finance Minister says: Govt. has to prioritize expenditure. Focus on the rural and social sectors, infrastructure and recapitalization of banks Agenda for next year is to undertake transformative measures based on 9 pillars for India - Agri

7 - 7.75% growth in 2016-17: Key Highlights of the Economic Survey 2016

Posted by Bimal Jain 29 February 2016 6874 Views

Ahead of the Union Budget 2016, the Hon�ble Finance Minister Shri Arun Jaitley tabled today Economic Survey Report 2016 in the Parliament, outlin

Decoding of Budget 2016

Posted by Kanika Maheshwari 26 February 2016 23192 Views

It is that time of the year when the Finance Minister presents the annual Union Budget in Parliament. Come 29th February and all eyes will be glued to the television sets during the Budget speech. Analyzing the speech, however, may not be