Service tax Voluntary Compliance Encouragement Scheme, 2013 (VCES) is proposed to be introduced to encourage voluntary compliance and broaden the tax base. In this scheme, it is proposed to provide one time amnesty by way of (i) waiver of intere
The Direct Taxes Code Bill is to be re-introduced before the end of this Budget Session. The Bill is expected to give due weightage to the recommendations of the Parliamentary Standing Committee on Finance and incorporate the best global practic
The Institute of Chartered Accountants of India (ICAI) welcomes the Economic Survey 2012-13 which shows that although the economy exhibited moderate growth rate during 2012-13 but its growth rate is much higher and better than the global growth ra
SERVICE TAX I. AMENDMENTS PROPOSED IN CHAPTER V OF THE FINANCE ACT, 1994: Chapter V of the Finance Act, 1994, is being amended: (i) Definition of 'approved vocational education course' provided in section 65B (11) is being amended: fir
Provisions relating to Direct Taxes -Memorandum - Part 1- Finance Bill, 2013
Provisions relating to Custom, Excise and Service Tax - Memorandum - Part 2- Finance Bill, 2013
Tax Proposals of the Union Budget 2013-14 The aim of Budget 2013-14 aptly addresses the need of the hour i.e., to accelerate growth through sustainable development and inclusive growth. The tax proposals are also in tandem with this overall aim
The Union Budget for 2013-14 aims at ‘higher growth leading to inclusive and sustainable development.’ With this as mool mantra, the Finance Minister Shri P Chidambaram has sought to increase allocation to key areas and provide incentive
Highlights of the Budget The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Finance Minister makes three promises: to women, youth and the poor.
Government has taken a number of initiatives and steps supporting such initiatives being taken by non-government organizations to ensure the dignity and safety of women. In the backdrop of incidences of violence against women which challenges libe
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