CAclubindia Articles

Ye To Jaitley Ka budget hain !!

Posted by MEETESH SHIROYA 01 March 2016 8159 Views

INTRODUCTION : As we expect more from Budget but once again we have to wait for another year where we can expect that more changes will be done as per our expectation and Tax Payer will be Happy. As simple, the budget neither gives any benefits nor p

Benefits granted to start-ups in the budget 2016

Posted by CA RITUL PATWA 01 March 2016 6878 Views

The budget for the F.Y.2016-17, has been presented by the H�ble Finance Minister, Sh. Arun Jaitely Ji on 29th February, 2016. With a view to promote the Start-Up culture in India and to develop entrepreneurship, the F.M. has added a Special Pro

Changes in Abatement under Service Tax

Posted by CA. Dau Daga 01 March 2016 13052 Views

Here we are giving you amendments related to Abatements in Service Tax Law.Abatements:The proposed rationalization in abatements shall come into effect from the 1st day of April, 2016.In cases where the tour operator is providing services solely of a

Budget Highlights 2016

Posted by ROHIT 01 March 2016 10849 Views

Three major schemes have been introduced to help the underprivileged: Pradhan Mantri Fasal Yojana, Health insurance scheme, launching initiative to ensure LPG connection for BPL families. Focus to pass GST and bankruptcy c

Union Budget - Key Direct tax proposals

Posted by CMA Ramesh Krishnan 01 March 2016 5742 Views

Union budget for the year 2016-17 has been presented by the finance minister, this budget facing basic challenges global slowdown and additional fiscal burden due to 7th Central pay Commission recommendation. Th

Preparation of State Govt. before Budget

Posted by CA Umesh Sharma 29 February 2016 3982 Views

Preparation of State Govt. before BudgetGive bill wise Purchases and SalesArjuna (Fictional Character): Krishna, Maharashtra Sales Tax Department has proposed changes in the process and procedures of filing of returns, registration, assessment, appea

Budget changes in indirect tax

Posted by Guest 29 February 2016 24568 Views

SERVICE TAX:1. No Change in rate of Service Tax.2. Krishi Kalyan Cess, at the rate of 0.5% of value of taxable service imposed, with effect from 01.06.2016.3. Definition of Negative list pruned by removing from the list (a) Education Services (b) Tra

Direct taxes proposals under Union Budget 2016-2017

Posted by Guest 29 February 2016 25312 Views

DIRECT TAXES PROPOSALS UNION BUDGET 2016-2017: MAJOR DIRECT TAX PROPOSALSAdditional Resource Mobilisation Rationalization of taxation of income by way of dividend: It is proposed to amend the Income-tax Act so as to provide that any income by way of

Excise on Ready Made Garments and Made Ups - Post Budget-2016 Position

Posted by CA. Rajeev K. Sharma 29 February 2016 18918 Views

Excise duty of 2% (without CENVAT credit) or 12.5% (with CENVAT credit) is being levied on readymade garments and made up articles of textiles falling under Chapters 61, 62 and 63 (heading Nos. 6301 to 6308) of the Central Excise Tariff except those

Key Highlights of Budget 2016

Posted by Guest 29 February 2016 111172 Views

INTRODUCTION Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a bright spot amidst a slowing global economy by IMF. Robust growth achieved despite very unfavourable global conditions and two consecutiv