CAclubindia Articles

Tax Proposals of Budget-2014 for Salaried and Retired People

Posted by CA Tejas Andharia 11 July 2014 13406 Views

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

Posted by Mahadev 11 July 2014 42983 Views

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

Posted by Satvir Singh 11 July 2014 5674 Views

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

Posted by Pradeep Jain 11 July 2014 5966 Views

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

Posted by CMA Ramesh Krishnan 11 July 2014 9381 Views

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?

Posted by Pradeep Jain 11 July 2014 5921 Views

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

Posted by Bimal Jain 11 July 2014 39625 Views

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

The SUPER Budget: Analysis

Posted by CA Gaurav Mittal 10 July 2014 23843 Views

SUPER BUDGET ANALYSISKEY HIGHLIGHTS1) Fiscal Deficit targeted at 4.1% for 2014-15 and to bring it to 3% by 2016-17.2) GST to be introduced by the year end.3) No retrospective amendments by this Government.4) A new committee under

Taxation Aspects of Union Budget 2014

Posted by CA UMESH DULAL 10 July 2014 29665 Views

Income Tax Provision of Advance Tax Ruling applicable to Residents. Scope of Income Tax Settlement Commission widens. Basic limit of Exemption increased to 2.50 lac. In case of Senior Citizen, it is increased to 3.00 lac. No changes of Income Tax rat

Service Tax Budget Changes 2014-15

Posted by Akshay Garg 10 July 2014 88086 Views

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