Withdrawing direct tax benefits to offshore banking units (OBU) on the profits earned from special economic zones (SEZs)is a new proposal of the Finance Ministry. This could prove a major setback to developers, as tax exemptions and other benefits to
Demat of TDS certificates may be deferred againDematerialisation of tax deducted atsource (TDS) certificates is likely to be deferred by a year from the proposeddate of April 1, 2008.The scheme was originally scheduled to come into effect from April
Dividend tax rate may come down to 12.5%The Union budget may reduce the dividend distribution tax (DDT) rate from 15% to 12.5%. which was hiked in the last budget, citing "vertical equity." A reduction may encourage corporates to sh
Budget Session Commences on February 25 The commencement of the Budget Session will be on the 25th of February. The session will conclude on May 9, contingent on government business. The session will also have a break from March 20 to April 15 for th
It was much expected that after the launch of the car "Nano" we shall see many more "Nano" concepts coming up.. and here it is the the ruling Congress party demanded that its government launch a unique housing loan scheme of Rs 1 lakh to help the poor
An announcement may be made by the finance ministry in this budget regarding TDS to be paid by professional sportspeople. They may soon have to pay at least 10.3 per cent as tax on their match fees and money for endorsing corporate logos on their app
Value added taxTurnover for registration limit to be increased from Rs 2-5 lakh so as to exclude small and tiny dealers. The turnover for composition tax limit to be enhanced from Rs 15-40 lakh, so that small dealers are exempted from regular re
N V Sivakumar, leader, retail practice, PricewaterhouseCoopers · Retail sector has not been fully liberalised - Foreign equity participation should be extended, especially in a situation where most foreign retailers are sensitive to the pr
The UPA government and its Left allies agreed on Thursday that the coming Budget should be an 'aam aadmi' Budget. According to leaders of the coalition government present at the meeting, the wish lists of the UPA partners and the Left allies mor
Tax Administrtation Intakes IT Facility : Government India ranks165th, as placed by a World Bank-IFC-PricewaterhouseCoopers study called Paying Taxes, 2008. India's ranking, measured on the basis of ease of paying taxes, was marginally b
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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