Union Budget Articles



The new financial year 2018-29 has nearly rung in! What's more, with that, the much obvious monetary changes presented in the Union Budget are good to go to be actualized. Among the hot updates that were introduced at the parliament were those concerned with the serious changes in the custom..

Posted in Union Budget |   1022 Views



Budget 2018 is an eye wash

  Mahesh Kapasi    13 February 2018 at 11:18

The Union Budget 2018 is a day dreaming budget. The proposed various schemes for the welfare of poor and needy is nothing new- in the past too such schemes were announced but how far they are converted into a realty is a big question mark. Time will only tell the truth. At this moment it is not a wi..

Posted in Union Budget  1 comments |   1631 Views




In the Budget 2018, the Finance Minister has Re-Introduced taxability of Long Term Capital Gain on equities shares and equity oriented mutual fund (herein after referred as LTCGE) @ 10%. This proposal has raised many questions, some people are even calling this move as double taxation. Government na..

Posted in Union Budget  1 comments |   1389 Views




The existing provision of clause (ii) sub-section (14) of Section 10 of the Income Tax Act 1961, provides the exemption of conveyance or transport allowance of Rs. 1,600 p.m. will be provided to an employee to meet his expenditure for the purpose of commuting between the place of his residence and t..

Posted in Union Budget  25 comments |   3693 Views




The Hon'ble finance minister Shri Arun Jaitley presented the budget on 1st February' 2018. There were not much tax incentives for the taxpayers. Still, there were some proposals to benefit senior citizens. 1) Deductions available to senior citizens in respect of health insurance premium: S..

Posted in Union Budget  2 comments |   1259 Views




Since the time the FM has announced 10% Long Term Capital Gains (LTCG) without indexation benefit on Equity investments, there is continuous debate and discussion on the same. You must have read multiple articles on how the LTCG will be determined, the rules, grandfathering provision and so on. ..

Posted in Union Budget  14 comments |   4962 Views




Long Term Capital Gains on Equity Shares & Equity Oriented Funds Taxed @ 10% - Modus of Computation with Sample Calculation As Expected by Many the Finance Minister Arun Jaitley has Introduced Long Term Capital Gains in Equity Shares and Equity Oriented Funds at the Tax Rate of 10%.  ..

Posted in Union Budget  1 comments |   535 Views




Union Budget 2018-19: Proposed Amendments in International Tax-Synopsis 1. Taxation of long-term capital gains in the case of Foreign Institutional Investor [Section 115AD] Consequent to the proposal for withdrawal of exemption under section 10(38) of the Act, the FIIs will be liable to tax on..

Posted in Union Budget |   648 Views




Highlights of Union Budget 2018-19 relating to Indirect Taxes CUSTOMS Amendments to be effective from 2nd February, 2018 • A social welfare surcharge at 10% of the aggregate customs duties has been levied on imported goods in place of existing 3% education cesses. However, this surc..

Posted in Union Budget |   1057 Views



Highlights of Direct tax proposal : ICAI

  Guest    03 February 2018 at 15:08

UNION BUDGET 2018 HIGHLIGHTS - DIRECT TAXES TAX RATES No change in tax rates and basic exemption limit Tax rates continue to be same for A.Y. 2019-20 as applicable for A.Y. 2018-19. Further, there is no change in the basic exemption limits. Health and Education Cess • 'Ed..

Posted in Union Budget |   3511 Views





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