paresh thakor
(article)
(51 Points)
Replied 10 July 2014
Ravi Dadwal
(commerce)
(66 Points)
Replied 10 July 2014
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 10 July 2014
It's alike RAIL BUDGET focusing more on EFFICIENT UTILIZATION of FUNDS.
.
Although some major steps have been taken to attract investment.
.
Tax litigations would be reduced.
.
More discussion :
https://www.facebook.com/events/550329961756401/
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 10 July 2014
The important one is :
PROPOSED :
.
2nd Green Revolution & Protein Revolution!
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 11 July 2014
1 ) All the Government departments and ministries will be integrated through E-platform by 31 December this year
2 ) Finance Minister announces no tax for those earning below Rs 2.5lakh per annum.
3) Under 80C - 1 lakh to 1.5 lakhs to encourage savings..
4) Those earning above Rs 2.5 lakh per annum to save Rs. 5150 per year..
5) Finance Minister announces 10 year tax holiday for power companies who start production and distribution on March 31, 2017.
6) Small colour TVs to be cheaper; Colour picture tubes exempted from basic customs duty - basic customs duty on LCD, LED panels below 19 inches reduced to NIL .
7) Cigarettes, tobacco products, Pan masala, aerated drinks to cost more.
8) Investment allowance at 15% for 3 yrs to manufacturing company which invest more than Rs. 25 crore in plant and machinery.
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 11 July 2014
No specific measures to control inflation. not much benefit for individual tax payers :(
But..Good to see budget is reality based and not false promising..
Keeping in mind the middle class and growth of small scale industries this budget promises avenues in north east states which was rarely touched by previous budget regarding railway and telecommunication links...
Govt could have increase certain existing limits such as medical - (now only up to 15 K per year....it should have increased the limit to 30k to 40/50k. child education from Rs.100/p.m to 1000/- p.m.....these all are our nominal expenses which would help us to get some tax relief! ...
Rajagopalakrishnan R
(PARTNER)
(1422 Points)
Replied 11 July 2014
Sumit Kumar Vij
(Chartered Accountant LLB EF IIM-C)
(30 Points)
Replied 18 July 2014
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)