CAclubindia Articles

International Tax Update: Budget 2015

CA Rohit Gupta 01 March 2015 at 17:58

Budget 2015 introduced in India on 28.02.2015 has made significant changes as far as international taxation are concerned. Major ones include:- Reduction in rate of tax on non-residents for royalties/fees for tec

Union Budget 2015-16 - Explanation,Analysis and Deficiencies

CA Chiranjiv Kumar 28 February 2015 at 23:49

BUDGET 2015-16 AND ITS ANALYSIS CPI Inflation 11.2% in Nov. 2012 5.1% Currently Current Account Deficit (CAD) 4.6% GDP (1st quarter of 2013-14) 1.3% of GDP expected Fiscal Deficit 4.5% of GDP in 2013-14 4.1% of GDP expect

Significant Changes in Excise & Service Tax under Budget 2015-16

Anandaday Misshra, Advocate 28 February 2015 at 17:27

Change in Excise & Service Tax Rate Central Excise duty to be rounded off to 12.5 % (from 12.36 %) Service tax to be increased from 12.36 % to 14 %. Date of levy of new rate shall be notified after enactment of Finance Bill 2015. Till the time it

Direct Tax Proposals in Budget 2015

JITENDRA 28 February 2015 at 17:02

MAJOR DIRECT TAX PROPOSALS Measures to Curb Black Money: It is also proposed to amend section 269T of the Income-tax Act so as to provide that no person shall repay any loan or deposit made with it or any specified advance received by it, otherwise t

Service Tax Amendments - Union Budget 2015-16

CS Aditya Singhania 28 February 2015 at 16:53

Change in Rate of Service Tax Rate The Service Tax rate is being increased from 12% plus Education Cesses to 14%. Effective increase in Service Tax rate will be from existing rate of 12.36% (inclusive of cesses) to 14%. w.e.f:The new Service Tax rate

New Income tax slabs for 2015-16

Guest 28 February 2015 at 15:28

DIRECT TAXESA. RATES OF INCOME-TAX I. Rates of income-tax in respect of income liable to tax for the assessment year 2015-2016. In respect of income of all categories of assessees liable to tax for the assessment year 2015-2016, the rates of incometa

Key Features of Budget 2015-16

Guest 28 February 2015 at 14:56

INTRODUCTION Credibility of Indian economy has been re-established in the last nine months. Indian economy about to take-off on a fast growth trajectory. Most growth forecasts have upgraded Indian economic growth while downgrad

Over 8% growth in 2015-16: Key Highlights of the Economic Survey 2015

Bimal Jain 28 February 2015 at 12:20

Dear Professional Colleague, Over 8% growth in 2015-16: Key Highlights of the Economic Survey 2015 Ahead of the Union Budget 2015, the Hon'ble Finance Minister Shri Arun Jaitley tabled today Economic Survey Report 2015 in the Parliament, outlini

Pre-Budget: Concrete declarations on basics of GST should be made in Budget-2015

CA Sudhir Halakhandi 27 February 2015 at 15:03

introduction of GST and the Trade and Industry is waiting for GST on the same promises as made in the Budget speeches of the Finance Ministers from year to year and now we are in year 2015 and still waiting for GST. Goods and Service tax was first re

Jaitley's Budget tasks

Guest 27 February 2015 at 11:51

For the Modi Government, shell-shocked by the excruciating electoral results in the national capital in the second week of this month still rankling, the need to recapture its larger-than-life-size image is too important to be left to the tame prepar