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Highlights of Tax Proposals in Budget 2015-16
DIRECT TAXES 1. No Change to be made in Slab Rates of Income tax for Individuals, HUF, AOP, BOI and firms. 2. Corporate tax rate to reduce: Corporate tax rate to be rationalised. Earlier the Tax Rate was 30% of Income offered forTax, the same is to b
Path towards IFRS
INTRODUCTION Since the advent of internet, the world has shrunk, distances have lost their importance and information has no more remained the differentiating factor in this global arena. Globalization-the BUZZWORD has
Budget a walk into history..but
Arun Jaitley presented his first full budget under the most fortuitous of circumstances. The rupee had stabilized, crude oil prices had come hurtling down, the government was in a majority and the party was winning elections left, right and center.
Budget proposals - A tool for developing Analytical thinking
I am trying to write something for the benefit of my favorite community Professional Students (students pursuing professional courses). I personally feel students pursuing professional courses are not getting enough food for tho
Union Budget 2015 - Clarifications regarding increase in ST rate
Amid huge expectations and challenges facing the economy, the Honble Finance Minister Shri Arun Jaitley has presented his 1st Full-year Union Budget for the year 2015-16 on 28th February, 2015. In his Budget Speech, he has proposed to increase
Budget Analysis 2015-16 - Central Excise
Changes in: - Central Excise Act 1994 - Central Excise Rule 2002 - Cenvat Credit Rules 2004 - Excise & Service Tax Regitration - Other miscellaneous changes in Act, Rules & Tariff
In place of arriving 'ache din' assessee misses 'good old days'
The 2015-2016 Finance Budget is was presented by Honble Finance Minister, Arun Jaitley on 28th February 2015. This budget was show time for the NDA Government that whether the lucrative promises made by the Prime Minister in his election campa
Snapshot of changes from Budget
BUDGET V (SNAPSHOT OF CHANGES IN SERVICE TAX FROM 01.04.2015) Exemptions The exemption presently available on specified services of construction, repair, maintenance, renovation or alteration services provided to the government, a local auth
Budget new registration processes
BUDGET III (New registration process) With effect from 01.03.2015 the new registration process shall come into force. The same has been ordered as:- Fill online form ST-1. PAN number is mandatory except for Government departments. E-mail an
Budget proposed dates for applicability of amendments
BUDGET I (Service Tax Proposed dates) The budget has introduced several changes in Service Tax laws. These changes aimed at widening the tax base and to pave the path for smooth implementation of GST. The amendments are categorized a
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