Community & General News
Deduction allowable increased in respect of rents paid under Section 80GG
29 February 2016 at 14:51Rationalization of limit of deduction allowable in respect of rents paid under Section 80GGThe existing provisions of Section 80GG provide for a deduction of any expenditure incurred by an individual in excess of ten per cent of his total income towa
Presumptive taxation scheme for persons having income from profession
29 February 2016 at 14:49Introduction of Presumptive taxation scheme for persons having income from professionThe existing scheme of taxation provides for a simplified presumptive taxation scheme for certain eligible persons engaged in certain eligible business only and not
Measures for promoting affordable housing
29 February 2016 at 14:44While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley proposed to give 100% deduction for profits to an undertaking from a housing project for flats upto 30 sq. metres in four metro cities and 60
The Finance Bill 2016
29 February 2016 at 14:33THE FINANCE BILL, 2016
Detailed changes related to service tax in Budget
29 February 2016 at 14:21Changes relating to Service Tax - reg. - Union Budget 2016
100% deduction of profits for 3 out of 5 years for new startups
29 February 2016 at 13:58Measures to boost growth and employment generation 100% deduction of profits for 3 out of 5 years for startups set-up during April 2016 to March 2019 While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun
Detailed provisions relating to Direct taxes
29 February 2016 at 13:48PROVISIONS RELATING TO DIRECT TAXES- FINANCE BILL, 2016
Tax reliefs announced for small taxpayers
29 February 2016 at 13:44While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and this has to be cautiously exercis
Key Features of Budget 2016-2017
29 February 2016 at 13:40INTRODUCTION � Growth of Economy accelerated to 7.6% in 2015-16. � India hailed as a �bright spot� amidst a slowing global economy by IMF.
Simplification and Rationalization of Taxation
29 February 2016 at 13:40While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the Government has already accepted many recommendations of Tax Administration Reform Committee. He further proposed to accept a nu
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