TaxIndiaUpdates.In : GST, Service Tax, Income Tax, VAT, Tax Planning

Budget 2017

Electoral Bond: A New System to Develop Transparency in Political Funding

February 7, 2017February 7, 2017 TaxIndiaUpdates In0 comments5136 views

Electoral Bond: A New System to Develop Transparency in Political Funding In order to discourage the cash transactions and to bring transparency in the source of funding to political parties, it is proposed in finance Bill 2017 to amend the provisions of section 13A to … Continue Reading →

Budget 2017

Changes proposed in Central Excise Law by Union Budget 2017-18

February 3, 2017 TaxIndiaUpdates In0 comments5248 views

Changes proposed in Central Excise Law by Union Budget 2017-18 Note: “Basic Excise Duty” means the excise duty set forth in the First Schedule to the Central Excise Tariff Act, 1985. A. AMENDMENTS IN THE CENTRAL EXCISE ACT, 1944: S. No. Amendment Clause of the … Continue Reading →

Budget 2017

Changes made in Direct Tax Law by Union Budget 2017-18

February 2, 2017February 7, 2017 TaxIndiaUpdates In4 comments18447 views

Changes made in Direct Tax Law by Union Budget 2017-18 A. RATES OF INCOME-TAX Rates of income-tax in respect of income liable to tax for the assessment year 2017-18. No change in basic exemption limit. The tax rate for individual, HUF, AOP, BOI or artificial … Continue Reading →

Budget 2017

Changes in Service Tax by Union Budget 2017-18 (Finance Bill 2017)

February 1, 2017February 1, 2017 TaxIndiaUpdates In0 comments10863 views

Changes in Service Tax by Union Budget 2017-18 (Finance Bill 2017) A. Changes/Amendments related to Negative List The Negative List entry in respect of “services by way of carrying out any process amounting to manufacture or production of goods excluding alcoholic liquor for human consumption”, … Continue Reading →

Budget 2017

Finance Bill 2017

February 1, 2017February 3, 2017 TaxIndiaUpdates In0 comments8020 views

The Finance Bill 2017 (BILL No. 12 OF 2017) Click Here to Download Complete Set of Budget 2017 Finance Bill 2016 Memorandum Explaining the Provisions in The Finance Bill, 2016 Previous Union Budget 2014-2015 2014-2015(I) 2013-2014 2012-2013 2011-2012 2010-2011 2009-2010 2009-2010(I) 2008-2009 2007-2008 2006-2007 … Continue Reading →

Budget 2017

Highlights of Union Budget 2017-18

February 1, 2017February 1, 2017 TaxIndiaUpdates In0 comments6117 views

Highlights of Union Budget 2017-18 as presented by Hon’ble Finance Minister Sh. Arun Jaitley on Feb 01, 2017. Tax reforms: 1.Existing rate of taxation for individual assesses between income of Rs.2.5 lakhs to Rs. 5 lakhs reduced to 5% from the present rate of 10% … Continue Reading →

Budget 2017

Live: Union Budget 2017-18 speech by Finance Minister Shri Arun Jaitley

February 1, 2017February 1, 2017 TaxIndiaUpdates In0 comments6702 views

Live: Union Budget 2017-18 speech by Finance Minister Shri Arun Jaitley Disclaimer: the above live stream of ‘Union Budget 2017-18 speech by Finance Minister Shri Arun Jaitley’ is embedded here through video link of youtube channel of Ministry of Information & Broadcasting, Govt. of India. … Continue Reading →

Budget 2017

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

January 29, 2017January 29, 2017 TaxIndiaUpdates In0 comments4237 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 →

Personal Finance

Intellectual Property Right (IPR): Meaning, Related Laws and Valuation

January 28, 2017February 3, 2017 TaxIndiaUpdates In2 comments16927 views

Intellectual Property Right (IPR): Meaning, Related Laws and Valuation What is Intellectual Property Right (IPR)? intellectual property means creations of the intellect for which a monopoly is assigned to designated owners by law. Intellectual property (IP) refers to creations of the intellect for which a … Continue Reading →

Service Tax

CBEC Draft Master Circular on Show Cause Notice, Adjudication and Recovery

January 21, 2017January 23, 2017 TaxIndiaUpdates In0 comments6887 views

CBEC Instruction/Letter Dated: 19th January, 2017 : Board is considering issuance of a Master Circular on Show Cause Notice, Adjudication and Recovery by consolidating 85 circulars of Central Excise. The said master circular intends to compile relevant legal and statutory provisions on the subject by including … Continue Reading →