CAclubindia Articles

Budget 14 proposals for individual taxpayers

Posted by CMA Ramesh Krishnan 11 July 2014 9387 Views

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

Mandatory Fixed Pre-Deposit: A sign of relief to Appellants?

Posted by Pradeep Jain 11 July 2014 5928 Views

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.

Service Tax, Excise and Custom Changes in Budget 14

Posted by Bimal Jain 11 July 2014 39628 Views

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

The SUPER Budget: Analysis

Posted by CA Gaurav Mittal 10 July 2014 23847 Views

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

Taxation Aspects of Union Budget 2014

Posted by CA UMESH DULAL 10 July 2014 29673 Views

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

Service Tax Budget Changes 2014-15

Posted by Akshay Garg 10 July 2014 88092 Views

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 and Indirect Tax Proposals in Budget 2014

Posted by Guest 10 July 2014 45427 Views

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 Great Expectations

Posted by Anjani Kumar Sharma 08 July 2014 15811 Views

The launching of all programs depends first and foremost on the resources of the treasury. (Arthashastra, Kautilya) Therefore for a robust economy, a progressive budget is an imperative. The count down for the budget has be

Budget 2014: Numbers that will matter the most

Posted by Satvir Singh 08 July 2014 14812 Views

10th July, 2014 is the day Finance Minister Arun Jaitley will present maiden budget of Modi government. Emphatic election win on the backdrop of massive campaign which promised moon to the citizens means the hopes from new government is very high. Bu

Budget wows: Why one who pays tax only suffers?

Posted by CA Umesh Sharma 08 July 2014 9405 Views

Karniti Part-44: Why one who pays tax only suffers? Arjuna (Fictional Character): Krishna, currently everywhere discussions are going on about the upcoming Budget. But Krishna, most of the taxpayers feel that the tax burden should be minimize