INDIRECT TAXA. CustomsCustoms Duty Increased/Imposed- Increase in custom duty on Gold and other precious metals - from 10% to12.5%.- Basic Customs Duty increase..
It is a common understanding that an obligation file the return of income under the income-tax Act arises only if the income exceeds the maximum amount not char..
GDP- Gross Domestic Product Gross Domestic Product (GDP) is the final value of all Goods and Services produced by a country in a particular
NBFCs: Impact Assessment of Carrot & Stick Approach of Proposed Amendments in the Union Budget 2019-20!!
1. There is not any change in slabs of tax rates, but there are following changes in surcharge rates for Individual, Hindu undivided family, association o..
Arjuna (Fictional Character): Krishna, Union Finance Minister has presented Union Budget for
Applicability and Process:Before the introduction of GST India was a curious mix of taxation laws, some aligned to global standards, and some not.Traditionally ..
Section 139(1)(b) mandates that every person being a person other than a company or a firm, if his total income or the total in
This budget presented on 5th July 2019 gives a gift, a basic need to all middle class through various ways. Today a common person needs his own house, his own c..
Curbing tax avoidance by companies : Buyback TaxationIt is proposed to provide that listed companies shall also be liable to pay additional tax at 20 per