Posted Date : 14-Feb-2023 , 07:59:15 am | Posted By S.Mahajan

1. Supplier making supplies of goods through electronic commerce, like Amazon, Flipkart, etc., can opt for a composition levy. Seeks to remove the restriction imposed on the registered persons engaged in supplying goods through Electronic Commerce Operators (“ECOs”) from opting to pay ta...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 735

Posted Date : 06-Jul-2019 , 03:16:54 pm | Posted By Rishabh Vohra

Key Higlights of Budget - Direct Taxes     Increased turnover threshold for claiming 25 percent tax rate   The current lower tax rate of 25 percent is applicable only to companies whose annual turnover is up to Rs. 250 cr. This annual turnover threshold is proposed to be increas...

Continue Reading...

Category : Budget | Comments : 1 | Hits : 2358

Posted Date : 01-Feb-2019 , 04:35:49 pm | Posted By Lalit Rajput

BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20   Major Highlighted Points: 1. Interim Budget 2019-20 Presented In Parliament Today Has A Major Scheme For Farmers And Provides For Income Tax Sops. 2. This Interim Budget Is To Be Viewed As A Medium For A Progressive Path Fo...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 1069

Posted Date : 01-Feb-2017 , 01:41:11 pm | Posted By CA Gopal Ji Agrawal

Finance Minister Arun Jaitley presented the Union Budget 2017, his fourth annual budget, today. I think Its a excellent balanced budget. Market also reacted positively on it. Sensex got hike of 300 points. Here are the highlights; Key Changes in Taxation: 1. Income Tax rate reduced from 10% to ...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 917

Posted Date : 29-Feb-2016 , 06:56:28 pm | Posted By Meetesh Shiroya

INTRODUCTION : As we expect more from Budget but once again we have to wait for another year where we can expect that more changes will be done as per our expectation and Tax Payer will be Happy.   As simple, the budget neither gives any benefits nor provide any special provision to the ...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 1335

Posted Date : 15-Mar-2015 , 10:24:45 am | Posted By KANHAIYA JHA

                                     BUDGET HIGHLIGHTS   DIRECT TAXES   Wealth tax replaced with additional surcharge of 2per cent on super rich with a taxable income of over Rs.1crore annu...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 978

Posted Date : 10-Mar-2015 , 11:38:53 am | Posted By CA ZAWAR KAVITA

Budget Analyssis 2015-16 DIRECT TAX PRAPOSAL Section With Effect From. Provision Particulars   Sec. 2 Cl(15)   01/04/15(Amendment) Charitable Trust 1.‘YOGA’ can now be object of charitable trust 2. Business activity allowed to charitable t...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 1333

Posted Date : 02-Mar-2015 , 11:49:06 am | Posted By CA Bimal Jain

Dear Professional Colleague, Union Budget 2015: Key Changes in Indirect Taxes   Amidst huge expectations, the Hon’ble Finance Minister Shri. Arun Jaitley presented the first full-year Budget of the Hon’ble Prime Minister Shri. Narendra Modi's Government on February 28, 2015, Satur...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 1102

Posted Date : 28-Feb-2015 , 04:20:18 pm | Posted By Upasana Upadhyay

INDIRECT TAXES   GST (Goods & service Tax) will roll out from 01.04.2016.   Excise Duty and cess hiked from 12.36% to 12.50%.   Service Tax hiked to 14%.   ITC under indirect tax can be taken up to 1 year instead of 6months as envisaged earl...

Continue Reading...

Category : Budget | Comments : 1 | Hits : 892

Posted Date : 06-Feb-2015 , 12:46:49 pm | Posted By Soniya

BJP Government first budget under the leadership of Shri Narendra Modi making it the most crucial one. General Expectation of people from budget is favourable tax rates, more reliefs, deductions, easy tax Compliance etc. Every year in the month of February Finance Minister presents budget in parliam...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 509

Posted Date : 05-Aug-2014 , 05:45:17 pm | Posted By Nimisha

Almost 30 months after the Centre discontinued the Kisan Vikas Patra (KVP), Finance Minister Arun Jaitley announced its revival in his Budget 2014. This instrument was earlier discontinued due to fears of Money Laundering as it was a Bearer Instrument and both the amount invested and the amount rece...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 862

Posted Date : 10-Jun-2013 , 02:47:52 pm | Posted By Parthik Dikshit

(A)  Direct Tax:- 1. No change in Income tax Slabs or Rates. 2. Tax credit of Rs 2000/- to resident individual in the first bracket between Rs 2 lacs to 5 lacs. In other words, Tax credit of Rs 2000/- to resident individual whose total income does not exceed 5 lacs. (Under section 87A) 3. Po...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 6094

Posted Date : 09-Mar-2013 , 06:26:37 pm | Posted By Vinay Sharma

FINANCE BILL, 2013 - PROVISIONS RELATING TO INDIRECT TAXES   CUSTOMS  Note: (a) "Customs Duty" means the customs duty levied under the Customs Act, 1962.  (b) "CVD" means the Additional Duty of Customs levied under sub-section (1) of section 3 of...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 2055

Posted Date : 19-Feb-2013 , 05:28:44 pm | Posted By Amit

                                                          EXPECTATION FROM BUDGET 2013   The 2013-14 Budget will...

Continue Reading...

Category : Budget | Comments : 1 | Hits : 657

Posted Date : 23-Jun-2012 , 09:27:17 pm | Posted By Pique242

  Additional Deduction that will boost Indian Economy!   Hey guys my first article on CASansaar. My special thanks to CASansaar for selecting my article.   I was wondering, if a natural calamity like earthquake, tsunami strikes Mumbai, how bad will be the c...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 466

Posted Date : 18-Mar-2012 , 02:15:34 am | Posted By Nikhil Mohan Jhanwar

  Budget Analysis 2012-13- Service Tax Proposals   It comes every year, but excitement and expectations from the Budget across the sectors and masses always remains. Budget 2012-13 (a 7th Budget by Mr. FM Pranab Mukherji) was just like a Glass- half empty and half filled. It...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 684

Posted Date : 16-Mar-2012 , 05:26:28 pm | Posted By CA Akshay Joshi

APPROACH TO THE BUDGET For Indian economy, recovery was interrupted this year due to intensification of debt crises in Euro zone, political turmoil in Middle East, rise in crude oil price and earthquake in Japan. GDP is estimated to grow by 6.9 per cent in 2011-12, after having grown at...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 497

Posted Date : 13-May-2011 , 07:21:22 am | Posted By Pulkit Gupta

I know it's a bit late but better late den never. I hope it will be useful to CA and CS students.     KING’S SPEECH – UNION BUDGET- MY ANALYSIS Well it’s a mere coincidence that Union Budget and Academy Awards (Oscars) were announced on the same day. Ki...

Continue Reading...

Category : Budget | Comments : 1 | Hits : 1085