Community & General Articles

Highlights of Tax Proposals in Budget 2015-16

Posted by Member (Account Deleted) 04 March 2015 61179 Views

DIRECT TAXES 1. No Change to be made in Slab Rates of Income tax for Individuals, HUF, AOP, BOI and firms. 2. Corporate tax rate to reduce: Corporate tax rate to be rationalised. Earlier the Tax Rate was 30% of Income offered forTax, the same is to b

Budget a walk into history..but

Posted by Pattabhi Ram 04 March 2015 6849 Views

Arun Jaitley presented his first full budget under the most fortuitous of circumstances. The rupee had stabilized, crude oil prices had come hurtling down, the government was in a majority and the party was winning elections left, right and center.

Union Budget 2015 - Clarifications regarding increase in ST rate

Posted by Manoj Agarwal 04 March 2015 19968 Views

Amid huge expectations and challenges facing the economy, the Honble Finance Minister Shri Arun Jaitley has presented his 1st Full-year Union Budget for the year 2015-16 on 28th February, 2015. In his Budget Speech, he has proposed to increase

Exemption to E Cess & SHE Cess- Really lucrative?

Posted by Pradeep Jain 03 March 2015 16549 Views

Right from the common man to the corporates and foreign investors, where everyone was expecting the government to deliver a reform-oriented Budget, but the changes proposed in the Budget announced by the Hon’ble Finance Minister took all the ho

In place of arriving 'ache din' assessee misses 'good old days'

Posted by Pradeep Jain 03 March 2015 7454 Views

The 2015-2016 Finance Budget is was presented by Honble Finance Minister, Arun Jaitley on 28th February 2015. This budget was show time for the NDA Government that whether the lucrative promises made by the Prime Minister in his election campa

Budget 2015- Queries & Answers- Part I

Posted by Anandaday Misshra, Advocate 03 March 2015 14194 Views

Unutilised Credit of CESS Q 1. What will be the fate of credit of Education Cess and Secondary and Higher Education Cess lying unutilized after it being subsumed in basic excise duty ? Answer: Firstly , it will not lapse since no lapsing provision i

Cenvat Credit Changes - Budget 2015

Posted by Mahadev 03 March 2015 53316 Views

Lot of practical issues have been addressed in this years budget by the Central Government. One of the good news for the tax payer is extension of time limit for availing the Cenvat credit to 1 year fro

Budget Analysis 2015-16 - Central Excise

Posted by Swapnil Munot 03 March 2015 15703 Views

Changes in: - Central Excise Act 1994 - Central Excise Rule 2002 - Cenvat Credit Rules 2004 - Excise & Service Tax Regitration - Other miscellaneous changes in Act, Rules & Tariff

Holi of Budget or Budget of Holi. Enjoy it.

Posted by CA Umesh Sharma 02 March 2015 9812 Views

Karneet Part 78Holi of Budget or Budget of Holi. Enjoy it.Arjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley has declared the Budget before Holi on 28th February. Everyones favorite festival Holi is approaching.

Union Budget 2015: Key Changes in Indirect Taxes - Service Tax, Excise and Customs

Posted by Bimal Jain 02 March 2015 41986 Views

Amidst huge expectations, the Honble Finance Minister Shri. Arun Jaitley presented the first full-year Budget of the Honble Prime Minister Shri. Narendra Modi's Government on February 28, 2015, Saturday in the backdrop of easing inf