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Revision of monetary limits for filing of appeals by the Department before the ITAT
16 July 2014 at 10:27Instruction No. 5/2014 - Revision of monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court - measures for reducing litigation. To read further in details, find the attachment enclo
Highlights of Union Budget 2014-15
12 July 2014 at 11:43Direct Tax Proposals Personal Taxation Basic exemption limit to be increased from Rs. 2 lakhs to Rs. 2.5 lakhs for taxpayer below the age of 60 years and from Rs. 2.5 lakhs to Rs. 3 lakhs, in case of senior citizens. The existing limit
Result of the Common Proficiency Test (CPT) held in June, 2014 is likely to be declared on Wednesday, the 16th July, 2014
12 July 2014 at 10:21THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA[Set up by an Act of Parliament] IMPORTANT ANNOUNCEMENT The result of the Common Proficiency Test (CPT) held in June, 2014 is likely to be declared on Wednesday, the 16th July, 2014 around 4.00 P.M. and
ICSI Welcomes the Union Budget 2014-15
11 July 2014 at 10:57THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI) WELCOMES THEUNION BUDGET 2014-15 “The Institute of Companies Secretaries of India (ICSI) welcomes the Union Budget 2014-15.The budget proposals are conducive for the growth of India Inc and i
Budget Reaction 2014-15 :The Institute of Chartered Accountants of India (ICAI)
10 July 2014 at 19:25Shri Arun Jaitley , Hon’ble Minister for Finance , Defence and Corporate Affairs presented Union Budget 2014 which is progressive & growth oriented Union Budget paving way for strong and vibrant India. CA.K Raghu, President, ICAI said, &ld
Personal Tax Exemption Limit Raised by Rs. 50,000
10 July 2014 at 16:38Personal Tax Exemption Limit Raised by Rs. 50,000/- ; No Change in the Rate of Surcharge; 15% Investment Allowance to Manufacturing Companies, to Incentivize Small Entrepreneurs and Income from Foreign Portfolio Investors to be Treated as Capital Gai
Kisan Vikas Patra (KVP) Re-Introduced
10 July 2014 at 16:31Kisan Vikas Patra (KVP) is being re-introduced to encourage people, who may have banked and unbanked savings to invest in this instrument. Announcing this during his maiden Budget Speech in the Lok Sabha today, the Finance Minister Shri Arun Jaitley
Key Features of Budget 2014-2015
10 July 2014 at 15:51THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer un
Basic Custom Duties Reduced on Certain Items to Encourage Investment and Domestic Production
10 July 2014 at 15:51To boost domestic manufacture and to address the issue of inverted duties, the General budget 2014-15 has reduced basic customs duty (BCD) on certain items. To encourage new investment and capacity addition in the chemicals and petrochemicals sector,
Indirect Tax Proposals in Budget 2014
10 July 2014 at 15:51INDIRECT TAXES PROPOSALS To boost domestic manufacture and to address the issue of inverted duties, basic customs duty (BCD) reduced on certain items. To encourage new investment and capacity addition in the chemicals and petrochemicals
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