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Taxation amendments with analysis - Budget decoded 2015

CA Animesh Singi 01 March 2015 at 18:03

Hi friends, so the 2nd budget of Modis government is finally out of old box. Intention of poor budget is already predictable from the past steps that government took regarding increase in duties on petrol & diesels, followed by hike in fre

Budget 2015 - Reform Agenda Missed: Indirect Taxes?

Madhukar N Hiregange 01 March 2015 at 18:02

The indirect tax proposals as per the BJP manifesto in 2014 promised the world to the voters with regard to corruption and administrative reforms. The fall in the oil

Budget 2015-16- All about service tax proposals

CA Nikhil Jhanwar 01 March 2015 at 18:01

Ist Full Year Budget of New Government has been introduced in Parliament on 28th February, 2015. This Article intends to outline key amendments made in Service Tax. A. Changes effective from enactment

Highlights of Union Budget 2015- Direct Tax Perspective

Pavan Jain S 01 March 2015 at 18:00

Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxes & TDS u/s 192 Advance t

ST insights in Union Budget 2015-2016

Deepak Bansal 01 March 2015 at 17:59

1.0 Rate of Service Tax[Effective from a date to be notified by Central Government after enactment of Finance Bill] For alignment of Service Tax Rate with GST Rate, it has been proposed to increase the rate of Service Tax from 12% plus Education Cess

Union Budget 2015-16 - Explanation,Analysis and Deficiencies

CA Chiranjiv Kumar 28 February 2015 at 23:49

BUDGET 2015-16 AND ITS ANALYSIS CPI Inflation 11.2% in Nov. 2012 5.1% Currently Current Account Deficit (CAD) 4.6% GDP (1st quarter of 2013-14) 1.3% of GDP expected Fiscal Deficit 4.5% of GDP in 2013-14 4.1% of GDP expect

Significant Changes in Excise & Service Tax under Budget 2015-16

Anandaday Misshra, Advocate 28 February 2015 at 17:27

Change in Excise & Service Tax Rate Central Excise duty to be rounded off to 12.5 % (from 12.36 %) Service tax to be increased from 12.36 % to 14 %. Date of levy of new rate shall be notified after enactment of Finance Bill 2015. Till the time it

Direct Tax Proposals in Budget 2015

JITENDRA 28 February 2015 at 17:02

MAJOR DIRECT TAX PROPOSALS Measures to Curb Black Money: It is also proposed to amend section 269T of the Income-tax Act so as to provide that no person shall repay any loan or deposit made with it or any specified advance received by it, otherwise t

Service Tax Amendments - Union Budget 2015-16

CS Aditya Singhania 28 February 2015 at 16:53

Change in Rate of Service Tax Rate The Service Tax rate is being increased from 12% plus Education Cesses to 14%. Effective increase in Service Tax rate will be from existing rate of 12.36% (inclusive of cesses) to 14%. w.e.f:The new Service Tax rate

New Income tax slabs for 2015-16

Guest 28 February 2015 at 15:28

DIRECT TAXESA. RATES OF INCOME-TAX I. Rates of income-tax in respect of income liable to tax for the assessment year 2015-2016. In respect of income of all categories of assessees liable to tax for the assessment year 2015-2016, the rates of incometa