Others Articles

Service Tax Budget Changes 2014-15

Akshay Garg 10 July 2014 at 19:22

Sale of space or time for advertisements on segments such as internet websites, out-of-home media, on film screen in theatres, bill boards, conveyances, buildings, cell phones, Automated Teller Machines, tickets, commercial publications, aerial adve

Direct and Indirect Tax Proposals in Budget 2014

Guest 10 July 2014 at 16:50

DIRECT TAXES PROPOSALS: Personal Income-tax exemption limit raised by ` 50,000/- that is, from 2 lakh to `2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from ` 2.5 lakh to ` 3 lakh in the case o

What are the key features of Budget 2014-2015?

Guest 10 July 2014 at 15:52

THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer une

The Great Expectations

Anjani Kumar Sharma 08 July 2014 at 16:24

The launching of all programs depends first and foremost on the resources of the treasury. (Arthashastra, Kautilya) Therefore for a robust economy, a progressive budget is an imperative. The count down for the budget has be

Budget 2014: Numbers that will matter the most

Satvir Singh 08 July 2014 at 12:23

10th July, 2014 is the day Finance Minister Arun Jaitley will present maiden budget of Modi government. Emphatic election win on the backdrop of massive campaign which promised moon to the citizens means the hopes from new government is very high. Bu

Budget wows: Why one who pays tax only suffers?

CA Umesh Sharma 08 July 2014 at 12:23

Karniti Part-44: Why one who pays tax only suffers? Arjuna (Fictional Character): Krishna, currently everywhere discussions are going on about the upcoming Budget. But Krishna, most of the taxpayers feel that the tax burden should be minimize

Experts seek a pathbreaking Budget

Nilesh Patel - CPA (USA), IRS 05 July 2014 at 13:22

I. International Tax Foreign Tax Credit Q. 1. Currently Taxpayers are unable to carry forward unutilized (excess) Foreign Tax Credit (FTC) to future years, and set off such unutilized FTC against the tax liability in the succeeding years. Thi

Deductor to be deemed as assesee in deafult only in respect of actual tax liability of Non-Resident

Amit Bajaj 04 July 2014 at 11:35

CBDT in its instruction No. 2/2014 [F No. 500/33/2013-FTD-l], Dated 26-02-2014 issued in view of the judicial develpments in the cases of GE India Technology P Ltd. vs CIT [2010] 7 taxmann.com and Transmission corporation of AP Ltd v. CIT [1999] 105

How to maintain work life balance?

CA Vijeta Verma 02 July 2014 at 15:40

It is a very well known fact that our outer world is exactly the reflection of our inner world. But if the funda is as simple as we receive back only what we give out then why there is so much hassle and hotchpotch in our lives. No doub

Basel Capital Accords - An Overview

Gowtham 30 June 2014 at 12:57

Banks are one among the major triggers in most of the economic crises. Banks are the veins of circulation of money in an economy. So the soundness of banking system is imperative to prevent the collapse of