Live updates and discussion budget 16

Page no : 7

Vishal Goel (Chartered Accountant) (1688 Points)
Replied 29 February 2016

Excise duty on Tobacco products increased by 10-15%: FM

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Vishal Goel (Chartered Accountant) (1688 Points)
Replied 29 February 2016

Excise duty on Tobacco products increased by 10-15%: FM

devanshu (12th pass and cpt pass) (44 Points)
Replied 29 February 2016

# Excise duty on most tobacco products raised by 10-15%.

Rajesh (Service ) (7576 Points)
Replied 29 February 2016

सेक्शन 87ए की छूट सीमा 2 लाख से बढ़कर 5 लाख हुई

Rajesh (Service ) (7576 Points)
Replied 29 February 2016

नई स्वास्थ्य रक्षा योजना शुरू होगी, प्रति परिवार 1 लाख का बीमा

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Rajesh (Service ) (7576 Points)
Replied 29 February 2016

4 सरकारी जनरल बीमा कंपनियों के आईपीओ आएंगे

Rajesh (Service ) (7576 Points)
Replied 29 February 2016

रिटायरमेंट के समय एनपीए से 40 फीसदी निकासी पर टैक्स छूट

MAULIK GANDHI (Tax Assistant) (222 Points)
Replied 29 February 2016

what is current service tax inclusing Krishi kalyam cess?

is it 15% (14% ST + 0.5% Swatch Bharat Cess + 0.5% Krishi Kalyan Cess)

from when it wll be appliable?

MAULIK GANDHI (Tax Assistant) (222 Points)
Replied 29 February 2016

it's not lakh its thousand..

CA SACHIN (practice) (115 Points)
Replied 29 February 2016

Krishi Kalyan cess from 1 st june

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Arpit Shah (Accountant) (21438 Points)
Replied 29 February 2016

MAULIK GANDHI (Tax Assistant) (222 Points)
Replied 29 February 2016

Originally posted by : Rajesh
	सेक्शन 87ए की छूट सीमा 2 लाख से बढ़कर 5 लाख हुई

it's not lakh its thousand..

Arpit Shah (Accountant) (21438 Points)
Replied 29 February 2016

vipin Kumar (article) (32 Points)
Replied 29 February 2016

Union Budget 2016 Highlights. 1. Rs. 35984 crores allotted for agriculture sector. 2. Rs. 17000 crores for irrigation projects. 3. Two new Organic farming scheme for 5 lakh acres. 4. Rs. 19000 crores for Gram Sadak Yojana 5. Rs. 9 Lakh Crores Agriculture Credit Target. 6. Rs. 38500 crores for MANREGA, highest ever. 7. Rs. 2.87 Lakh crores to be spent on Villages in total. 8. Rs. 9000 crores for Swach Bharat Mission. 9. Rs. 97000 Crores for Roads. 10. Total Outlay on Roads and railway Rs. 2.18 Lk Crores. 11. Rs. 2.21 Lakh Crores on Infra Projects. 12. NHAI to raise Rs. 15000 crores via NHAI Bonds. 13. More benches for SEBI Appellate tribunal. 14. Registration of Company in One Day for Start-ups. 15. Rs. 25000 crores for Banks rehabilitation. 16. 100% FDI for food processing. 17. Non planned expenditure of Rs. 14.28 Lk Crores. 18. Planned expenditure increased by 15.3% . 19. Relief Section 87A Rs. 2000 to Rs. 5000 20. Relief Sec 80GG Rs. 24000 to Rs. 60000 21. Section 44AD limits Rs. 1 crores to Rs. 2 crores. Rs. 50 Lakh for professional 22. Accelerated depreciation limited to 40% 23. New manufacturing companies will pay tax @ 25%. 24. LTCG on unlisted securities limited to 2 years. 25. 100% tax deduction for companies building houses upto 30 sq. mtrs. 26. Additional interest deduction for first house. 27. No service tax for building houses upto 60 sq mtrs. 28. 10% dividend tax for recipient over Rs. 10 lakh per annum. 29. TCS on purchase of asset over Rs. 2 Lakh in case and luxury cars. 30. VDS Scheme @ 30% + surcharge, Ist June to 30th September 2016. 31. Dispute resolution for appeal pending before Commissioner(Appeals). 32. Penalty for concealment of Income from 100-300% to 50-200%. 33. Rationalisation of TDS provisions. 34. 11 new benches for Income Tax Appellate tribunal. 35. No face to face scrutiny.