Now, that maiden budget of Modi govt has been presented, one may call it a good budget considering the circumstances or an over-hyped budget that lacked big ideas. Here we will not form any holistic opinion on the budget, rather we will discuss its i
With the coming up of new government led by Mr. Naredndra Modi, came new hopes. The hopes for a better India once again dawned in the hearts of the people. The much talk
Union Budget Direct tax proposals - an Individual Point of viewIntroduction: Union budget-2014-15 presented by the Finance Minister today. New Government has presented this budget with facing several challenges like economic growth, GDP, Inf
INTRODUCTION:- Filing of appeal is a mechanism available to the assessees who are aggrieved by the orders passed by the adjudicating authority or the higher appellate authorities.
Bimal JainFCA, FCS, LLB, B.Com (Hons)Mobile: +91 98106 04563; E-mail: bimaljain@hotmail.comDear Professional Colleague,The Union Budget, 2014 presented by the Finance Minister today is promising on buildingconsumers confidence, investor
SUPER BUDGET ANALYSISKEY HIGHLIGHTS1) Fiscal Deficit targeted at 4.1% for 2014-15 and to bring it to 3% by 2016-17.2) GST to be introduced by the year end.3) No retrospective amendments by this Government.4) A new committee under
Income Tax Provision of Advance Tax Ruling applicable to Residents. Scope of Income Tax Settlement Commission widens. Basic limit of Exemption increased to 2.50 lac. In case of Senior Citizen, it is increased to 3.00 lac. No changes of Income Tax rat
Sale of space or time for advertisements on segments such as internet websites, out-of-home media, on film screen in theatres, bill boards, conveyances, buildings, cell phones, Automated Teller Machines, tickets, commercial publications, aerial adve
DIRECT TAXES PROPOSALS: Personal Income-tax exemption limit raised by ` 50,000/- that is, from 2 lakh to `2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from ` 2.5 lakh to ` 3 lakh in the case o
THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer une
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