Others News

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

Posted in Others | 2 comments | 12591 Views

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

Posted in Others | 1 comments | 11535 Views

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

Posted in Others | 4 comments | 11928 Views

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 Others | 2 comments | 6219 Views

The Finance Bill 2016

29 February 2016 at 14:33

THE FINANCE BILL, 2016

Posted in Others | 2 comments | 12309 Views

Detailed changes related to service tax in Budget

29 February 2016 at 14:21

Changes relating to Service Tax - reg. - Union Budget 2016

Posted in Others | 14259 Views

100% deduction of profits for 3 out of 5 years for new startups

29 February 2016 at 13:58

Measures 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

Posted in Others | 2 comments | 8067 Views

Detailed provisions relating to Direct taxes

29 February 2016 at 13:48

PROVISIONS RELATING TO DIRECT TAXES- FINANCE BILL, 2016

Posted in Others | 10053 Views

Tax reliefs announced for small taxpayers

29 February 2016 at 13:44

While 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

Posted in Others | 2 comments | 7548 Views