CAclubindia News

Budget Highlights Indirect taxes

01 March 2016 at 11:48

Amendments made effective immediately� The Clean Energy cess is to be renamed as Clean Environment cess. The effective rate of Clean Energy cess proposed to be increased from Rs.200 per tonne to Rs.400 per tonne .� Infrastructure cess is to

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Significant changes in International Taxation after Budget

01 March 2016 at 11:48

Significant Budget Highlights 2016-17- International Taxation 1. Increase in Surcharge Surcharge is increased from 12% to 15% in case of non-resident individuals

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ICAI reacts to Budget 2016

01 March 2016 at 10:23

ICAI Reaction: Union Budget 2016-17 Small Taxpayers Reducing income-tax burden by Rs.3,000 for small tax payers by increasing rebate under section 87A; Increasing deduction for rent payment under section 80GG to Rs. 60,000/-; Introducing

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Tax Proposals aims at Boosting Economic Growth and Employment Generation

29 February 2016 at 15:26

The Union Finance Minister Shri Arun Jaitley announcing the tax proposals in the Union Budget today said boosting employment generation through economic growth is a main objective behind these proposals.

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Measures for moving towards a pensioned society

29 February 2016 at 14:55

Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make

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Exemption from requirement of furnishing PAN under section 206AA to certain non-resident

29 February 2016 at 14:54

Exemption from requirement of furnishing PAN under section 206AA to certain non-resident.The existing provision of section 206AA, inter alia, provides that any person who is entitled to receive any sum or income or amount on which tax is deductible u

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Deduction allowable increased in respect of rents paid under Section 80GG

29 February 2016 at 14:51

Rationalization 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

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Presumptive taxation scheme for persons having income from profession

29 February 2016 at 14:49

Introduction 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

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Measures for promoting affordable housing

29 February 2016 at 14:44

While 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

Posted in Community & General | 2 comments | 6222 Views