Significant Budget Highlights 2016-17- International Taxation 1. Increase in Surcharge Surcharge is increased from 12% to 15% in case of non-resident individuals
ICAI Reaction: Union Budget 2016-17 Small Taxpayers Reducing income-tax burden by Rs.3,000 for small tax payers by increasing rebate under section 87A; Increasing deduction for rent payment under section 80GG to Rs. 60,000/-; Introducing
The Union Finance Minister Shri Arun Jaitley announcing the tax proposals in the Union Budget today said boosting employment generation through economic growth is a main objective behind these proposals.
Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make
Exemption from requirement of furnishing PAN under section 206AA to certain non-resident.The existing provision of section 206AA, inter alia, provides that any person who is entitled to receive any sum or income or amount on which tax is deductible u
Rationalization of limit of deduction allowable in respect of rents paid under Section 80GGThe existing provisions of Section 80GG provide for a deduction of any expenditure incurred by an individual in excess of ten per cent of his total income towa
Introduction of Presumptive taxation scheme for persons having income from professionThe existing scheme of taxation provides for a simplified presumptive taxation scheme for certain eligible persons engaged in certain eligible business only and not
While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley proposed to give 100% deduction for profits to an undertaking from a housing project for flats upto 30 sq. metres in four metro cities and 60
THE FINANCE BILL, 2016
Changes relating to Service Tax - reg. - Union Budget 2016
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
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