CAclubindia Articles

Union Budget 2015-16 - Explanation,Analysis and Deficiencies

Posted by CA Chiranjiv Kumar 28 February 2015 23775 Views

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

Posted by Anandaday Misshra, Advocate 28 February 2015 48136 Views

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

Posted by JITENDRA 28 February 2015 28794 Views

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

Posted by CS Aditya Singhania 28 February 2015 108618 Views

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

Posted by Guest 28 February 2015 30311 Views

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

Posted by Guest 28 February 2015 28772 Views

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

Posted by Bimal Jain 28 February 2015 5659 Views

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

Posted by CA Sudhir Halakhandi 27 February 2015 8066 Views

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

Posted by Guest 27 February 2015 8484 Views

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

Key Highlights of Rail Budget 2015

Posted by CA SONIYA AGARWAL 27 February 2015 9843 Views

Indian Railway Minister Suresh Prabhu announced the much awaited Railway 2015 budget at 12 noon on Thursday February 26. Chartered Accountant-turned Railway Minister Suresh Prabhu put forward Premier points like: Energy Conservation, Technology Absor