Union Budget & Policy Articles

Union Budget 2019 - Detailed Analysis of Income tax Proposals

Posted by CA Tejas Andharia 09 January 2020 10382 Views

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...

Return of Income on Expense Basis

Posted by CA. Manoj Gupta 05 January 2020 7036 Views

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

Budget 2019 - A common need, house, car & money

Posted by CA Sujeet Kumar 04 January 2020 5555 Views

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...

Buyback taxation introduced in Budget

Posted by Shakshi Sodhani 04 January 2020 9068 Views

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

Detailed analysis section wise of Direct Tax Proposals

Posted by Vispi T. Patel 02 January 2020 22621 Views

HIGHLIGHTS OF ECONOMIC SURVEYo To achieve the objective of becoming a $5 trillion economy by 2024-25, India needs to sustain a real GDP growth rate of 8%o Growt...

Proposed Amendments in Finance Bill : Decoding Budget 2019

Posted by Mayank Mohanka 02 January 2020 6485 Views

Decoding Union Budget 2019-20: Are Proposed Amendments in Finance (No. 2) Bill 2019 identify with a Satiated Elephant satisfied with few mounds of rice or an In...

Proposed Amendment in the Customs Act, 1962 and Service Tax - Union Budget 2019

Posted by Bimal Jain 02 January 2020 3682 Views

The legislative changes would come into effect only upon the enactment of the Finance (No. 2) Bill, 2019. Current provisions Proposed provision...

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Central Excise and Service Tax

Posted by Bimal Jain 02 January 2020 5394 Views

A dispute resolution cum amnesty scheme called the Sabka Vishwas Legacy Dispute Resolution Scheme is being introduced for resolution and settlement of legacy ca...

Proposed Amendment in the CGST Act, 2017 and IGST Act, 2017 by Budget

Posted by Bimal Jain 02 January 2020 5421 Views

Goods and Services Tax Amendments carried out through the Finance (No. 2) Bill, 2019 come into effect on the date of its enactment, unless otherwise specified...

Major Takeaways from Budget 2019 presented on 5th July

Posted by Bimal Jain 02 January 2020 4178 Views

Ms. Nirmala Sitharaman today presented the full budget of 1st Year of 2nd term of Modi Government amid subdued economic growth and challenging fiscal situation....