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Budget 2017

Highlights of Union Budget 2017-18

February 1, 2017February 1, 2017 TaxIndiaUpdates In0 comments6234 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 comments6777 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 comments4327 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 comments17272 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 comments6986 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 →

Service Tax

The Service Tax Rules 1994

January 12, 2017January 13, 2017 TaxIndiaUpdates In0 comments14581 views

The Service Tax Rules, 1994 In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules for the purpose of the assessment and … Continue Reading →

Service Tax

Service Tax Abatement Notification No. 26/2012-ST Dated 20-6-2012

January 12, 2017January 13, 2017 TaxIndiaUpdates In1 comments23034 views

Following is Service Tax Abatement Notification issued by CBEC vide Notification No.26/2012-ST dated 20-06-2012 as amended by Notification No. 04/2017-ST Dated: January 12, 2017 Government of India Ministry of Finance (Department of Revenue) Notification No. 26/2012- Service Tax New Delhi, the 20th June, 2012 … Continue Reading →

Income Tax

CBDT Guidelines for TDS on Salary A Y 2017-18

January 6, 2017January 6, 2017 TaxIndiaUpdates In0 comments15750 views

CBDT Guidelines for TDS on Salary A Y 2017-18 CBDT vide its Circular No : 01/2017 dated 02-01-2017 (F.No. 275/192/2016-IT(B)) issued complete guidelines for TDS on Salary A Y 2017-18 During the Financial Year 2016-17 Under Section 192 of The Income-Tax Act 1961. This present … Continue Reading →

Goods and Service Tax

2016 The Year in Review [Direct & Indirect Taxes]

December 31, 2016 TaxIndiaUpdates In0 comments4966 views

Today is the last day of Year 2016. There are number of things happened in 2016 but the ‘Demonetization of 500 & 1000 Bank-Notes’ attract attention not only in India but entire world shocked with ever bold decision of PM Modi. Apart from Demonetisation … Continue Reading →

Income Tax

CBDT Explanatory Notes on ‘Pradhan Mantri Garib Kalyan Yojana 2016’

December 27, 2016 TaxIndiaUpdates In0 comments3565 views

Explanatory Notes on Provisions of the Taxation And Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 as Contained In Chapter IX-A of the Finance Act, 2016: CBDT CIRCULAR NO. 43/2016 dated December 27, 2016 Introduction 1. The Taxation Laws (Second Amendment) Act, 2016 has been enacted … Continue Reading →