Union Budget 2016-17 Archives - TaxIndiaUpdates In

Budget 2017

Union Budget 2017-18 is likely to be Presented on Feb 01, 2017

January 29, 2017January 29, 2017 TaxIndiaUpdates In0 comments3599 views

The Union Budget 2017 for upcoming Financial Year 2017-18 is likely to be presented by Hon’ble Finance Minister Sh. Arun Jaitley on Feb 01, 2017. The normally the Union Budget is presented on last day of February every year. However in certain case in public interest … Continue Reading →

Budget 2017

PPT Presentation on Union Budget 2017-18

March 17, 2016February 1, 2017 TaxIndiaUpdates In0 comments9359 views

PPT Presentation on Union Budget 2017-18 Presentation on Amendments in Cenvat Credit Rules by budget 2016 (Download) Changes proposed in service tax by union budget 2016 17 (Download) Other Post Related to Union Budget 2016-17 Equalisation Levy The Income Declaration … Continue Reading →

Service Tax

Tax Benefits for Maritime Sector and Ease of Doing Business

March 15, 2016March 16, 2016 TaxIndiaUpdates In0 comments3453 views

Tax Benefits for Maritime Sector and Ease of Doing Business In order to provide the Indian shipping industry a level playing field and make it competitive at international level, the government has earlier implemented certain policies. In recent the Government of India has proposed the … Continue Reading →

Budget 2017

Salient Features of Equalisation Levy as introduced by Union Budget 2016-17

March 14, 2016May 31, 2016 TaxIndiaUpdates In0 comments7543 views

Equalisation Levy as introduced by Union Budget 2016-17 CBDT Notified Equalisation Levy Rules 2016 Considering the potential of new digital economy and the rapidly evolving nature of business operations it is found essential to address the challenges in terms of taxation of such digital transactions as … Continue Reading →

Income Tax

The Direct Tax Dispute Resolution Scheme, 2016

March 13, 2016March 16, 2016 TaxIndiaUpdates In1 comments7930 views

The Direct Tax Dispute Resolution Scheme, 2016 Eligibility A declarant can file a declaration in relation to tax arrears or specified tax in respect of which appeal is pending before the CIT(A). Tax Arrear Amount of tax, interest or penalty determined under the IT Act … Continue Reading →

Budget 2017

Changes proposed in Central Excise Law by Union Budget 2016-17

March 10, 2016March 25, 2016 TaxIndiaUpdates In0 comments5189 views

Changes proposed Central Excise Law by Union Budget 2016-17 1.The Clean Energy Cess is being renamed as Clean Environment Cess. The effective rate of Clean Energy Cess is being increased from Rs.200 per tonne to Rs.400 per. 2.The Oil Industry (Development) Act, 1974 is being … Continue Reading →

Central Excise

Clarifications on Excise Duty imposed on Jewellery in union Budget 2016-17

March 6, 2016March 16, 2016 TaxIndiaUpdates In0 comments4250 views

Ministry of Finance March 04, 2016 Clarifications on levy imposed on jewellery In this year’s Budget, a nominal excise duty of 1% and 12.5% has been imposed on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to take … Continue Reading →

Budget 2017

CBEC TRU Circular on Service Tax Changes in Union Budget 2016-17

February 29, 2016March 25, 2016 TaxIndiaUpdates In0 comments6342 views

D.O.F. No.334/8/2016-TRU dated February 29, 2016 Service Tax Changes in Union Budget 2016-17 Government of India Ministry of Finance Department of Revenue (Tax Research Unit) *** Amitabh Kumar Joint Secretary (Tax Research Unit) Tel: 011-23093027; Fax: 011-23093037 E-mail: amitabh.kumar@nic.in D.O.F. No.334/8/2016-TRU New Delhi, dated February29th, … Continue Reading →

Budget 2017

CBEC TRU Circular for Excise and Customs Changes in Union Budget 2016-17

February 29, 2016March 25, 2016 TaxIndiaUpdates In0 comments7461 views

D.O.F.No.334/8/2016-TRU dated February 29, 2016 Excise and Customs Changes in Union Budget 2016-17 Government of India Ministry of Finance Department of Revenue Tax Research Unit D.O.F.No.334/8/2016-TRU New Delhi, the 29th February, 2016. Alok Shukla Joint Secretary (TRU-I) Tel: 23092687 Fax: 23092031 Email: alok.shukla@nic.in Dear Principal … Continue Reading →

Budget 2017

Highlights of Union Budget 2016-17

February 29, 2016March 25, 2016 TaxIndiaUpdates In0 comments1538 views

Highlights of Union Budget 2016-17 RELIEF TO SMALL TAX PAYERS Raise the ceiling of tax rebate under section 87A from Rs. 2000 to Rs. 5000 to lessen tax burden on individuals with income upto Rs.5 lacs. Increase the limit of deduction of rent paid under section 80GG … Continue Reading →