Displaying 1 - 10 of 69 in 7 pages

Govt completes all Budget related process before 1st April

  On 06 April 2017 at 12:42

Lok Sabha Speaker congratulates the Prime Minister, Union Finance Minister, Members of Union Cabinet, Members of Lok Sabha and Officers and Staff of Lok Sabha Secretariat, Ministry of Finance & Parliamentary Affairs for completing all the Budget ...

  0 comments |   195 hits

ICAI submits Post Budget Memoranda 2017

  On 28 February 2017 at 10:56

POST-BUDGET MEMORANDUM – 2017A. INTRODUCTION1.0 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Post-Budget Memorandum to the Government.1.1 In this memorandum, we have suggested certain am ...

  0 comments |   371 hits

No proposal to levy 5% service tax on healthcare services says Govt

  On 14 February 2017 at 10:45

Central Government clarifies that there is no proposal in the Union Budget 2017-18 to levy 5% service tax on healthcare services The Central Government has clarified that there is NO proposal in the Union Budget 2017-18 to levy 5% Service Tax on Heal ...

  0 comments |   348 hits

First Part of Budget Session 2017 of Parliament concludes

  On 10 February 2017 at 10:39

The Budget Session, 2017 of Parliament commenced on Tuesday, 31st January, 2017 and subject to exigencies of government business, will be adjourned sine die on Wednesday, 12th April, 2017. Both the Houses have been adjourned for recess for a period o ...

  0 comments |   497 hits

ICSI welcomes Union Budget 2017-18

  On 03 February 2017 at 10:34

CS (Dr.) Shyam Agrawal, President, ICSI welcomes Union Budget 2017-18 with a focus on stimulating growth, providing relief to middle class, affordable housing, curbing black money, promoting digital economy, transparency in electoral funding and simp ...

New Benefits announced for NPS Subscribers in Union Budget 2017-18

  On 03 February 2017 at 10:34

In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. Tax-exemption to partial withdrawal from National Pension System (NPS ...

  0 comments |   894 hits

Disallowance of depreciation on capital expenditure made in cash

  On 02 February 2017 at 13:05

Under the existing provisions of the Act, revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable as per sub-section (3) of section 40A of the Act except in specified circumstances as referred to in Rule 6DD of the ...

1  comments |   1202 hits

Strengthening of PAN quoting mechanism in the TCS regime

  On 02 February 2017 at 12:47

Statuary provisions for deduction of tax at source (TDS) at higher rate of 20% or the applicable rate whichever is higher) in case of non-quoting of Permanent Account Number (PAN) is provided under section 206AA of the Act and it exist since April, 2 ...

Rationalisation of section 211 and 234C relating to advance tax for professionals

  On 02 February 2017 at 12:33

Rationalisation of section 211 and section 234C relating to advance taxSection 211 of the Act provides for instalments of advance tax and due dates for depositing the same. Clause (b) of sub-section (1) of the said section provides that an eligible a ...

  0 comments |   474 hits

Startups can claim deduction within 7 years now u/s 80-IAC

  On 02 February 2017 at 12:16

Extending the period for claiming deduction by start-upsThe existing provisions of section 80-IAC, inter alia, provide that an eligible start-up shall be allowed a deduction of an amount equal to one hundred per cent of the profits and gains derived ...

  0 comments |   684 hits

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