CAclubindia Articles

Direct Tax Proposals - Major Amendments in Budget 2014-2015

JITENDRA 12 July 2014 at 11:08

A. MAJOR AMENDMENTS Rates of Income-tax: Personal Income-tax exemption limit raised by Rs.50,000/- that is, from Rs.2 lakh to Rs.2.5 lakh in the case of inpidual taxpayers, below the age of 60 years. Exemption limit: raised from Rs.2.5 lakh to Rs.3 l

Tax Implication after Budget 2014

Dipendra Prasad Poudel 11 July 2014 at 19:04

Hello Everyone,Here are certain tax implications after budget 2014. New Slab Rates1) For Individuals HUF and Body of Individuals Up to 2,50,000 - Nil2,50,001 - 5,00,000 - 10%50,00,001-10,00,000 - 20%10,00,000 and

Full Understanding of Finance Budget 2014

CA Vikas Garg 11 July 2014 at 19:04

Dear All,Find full understanding of Budget 2014Brief on Union Budget 2014 1. Expenditure management commission has formed to oversee the management of expenses during the period.2. 49% FDI in Defence.3. Proposal for direct shareholding in banks

Tax Proposals of Budget-2014 for Salaried and Retired People

CA Tejas Andharia 11 July 2014 at 19:04

Budget 2014 has proposed the following income tax rates For Individuals below 60 years age (including Woman Assessees): Income Tax Rate Upto 2,50,000 Nil 250,000 to 5,00,000 10% of the

Major impact of budget 2014 on CENVAT credit

Mahadev 11 July 2014 at 19:04

Major impact of budget 2014 on CENVAT CreditAs most of the readers would be aware, the honourable finance minister has presented the budget 2014 on 10th July 2014. In this article, I would like to focus on few changes in cenvat credit provisions. Eve

Budget 2014: Impact on numbers that matter the most

Satvir Singh 11 July 2014 at 15:51

Now, that maiden budget of Modi govt has been presented, one may call it a good budget considering the circumstances or an over-hyped budget that lacked big ideas. Here we will not form any holistic opinion on the budget, rather we will discuss its i

Non Commercial entities- Still not in Service tax ambit

Pradeep Jain 11 July 2014 at 15:50

With the coming up of new government led by Mr. Naredndra Modi, came new hopes. The hopes for a better India once again dawned in the hearts of the people. The much talk

Budget 14 proposals for individual taxpayers

CMA Ramesh Krishnan 11 July 2014 at 11:58

Union Budget Direct tax proposals - an Individual Point of viewIntroduction: Union budget-2014-15 presented by the Finance Minister today. New Government has presented this budget with facing several challenges like economic growth, GDP, Inf

Mandatory Fixed Pre-Deposit: A sign of relief to Appellants?

Pradeep Jain 11 July 2014 at 11:58

INTRODUCTION:- Filing of appeal is a mechanism available to the assessees who are aggrieved by the orders passed by the adjudicating authority or the higher appellate authorities.

Service Tax, Excise and Custom Changes in Budget 14

Bimal Jain 11 July 2014 at 10:58

Bimal JainFCA, FCS, LLB, B.Com (Hons)Mobile: +91 98106 04563; E-mail: bimaljain@hotmail.comDear Professional Colleague,The Union Budget, 2014 presented by the Finance Minister today is promising on buildingconsumers confidence, investor