Tax rate on long-term capital gains from transfer of unlisted securities by non-resident Clarification regarding the applicability of section 112 Finance Act, 2012 with effect from 1st April, 2013 amended the provisions of section 112(1)(c) to provide concessional rate of taxation of ten per cent for long-term capital gains arising from the transfer of unlisted… Read More »
Surcharge in case of individual, HUF, AOP, BOI or artificial juridical person. AY 2018-19 Currently, surcharge is levied at the rate of 15% of tax, if income exceeds Rs 1 crore in case of an individual, HUF, AOP, BOI or artificial juridical person. It is now proposed by Finance Bill 2017 to levy surcharge w.e.f… Read More »
TRANSPARENCY IN ELECTORAL FUNDING The existing provisions of section 13A of the Income Tax Act, inter-alia provides that political parties that are registered with the Election Commission of India, are exempt from paying income-tax. To avail the exemption, the political parties are required to submit a report to the Election Commission of India as mandated… Read More »
Discussion on Union Budget 2017-18 in Rajya Saba Sh. P Chidambaram’s remarks| Discussion on Union Budget( 2017-18) Sh. Prabhat Jha’s remarks| Discussion on Union Budget( 2017-18) Sh. Vishambhar Prasad Nishad’s remarks| Discussion on Union Budget( 2017-18) Sh. Sukhendu Shekhar Roy’s remarks | Discussion on Union Budget( 2017-18) Sh. Tapan Kumar Sen’s remarks| Discussion on Union… Read More »
FM Arun Jaitley reply on Budget 2017-18 in Lok Sabha Books on Budget 2017-18 Taxmann’s Budget 2017-18 -Book Budget 2017-18- Notifications on Central Excise , Customs and Service tax – New Book Ajit Prakashan’s Union Budget 2017-18 -New Book BDP’s Customs Law Manual (2017-18 Budget Editon with CD) -New Book Related Post on Budget 2017-18… Read More »
TCS on sale of jewellery Summary : TCS @ 1% required to be deducted on sale of Jewellery exceeding Rs 5,00,000/- in cash. However as per Finance Bill 2017 w.e.f 01.04.2017 this Provision of deduction of TCS on sale of jewellery is to be abolished. Reasons for no TCS on sale of Jewellery from 01.04.2017: As… Read More »
Sh. P Chidambaram’s remarks| Discussion on Union Budget( 2017-18) in Rajya Sabha Books on Budget 2017-18 Taxmann’s Budget 2017-18 -Book Budget 2017-18- Notifications on Central Excise , Customs and Service tax – New Book Ajit Prakashan’s Union Budget 2017-18 -New Book BDP’s Customs Law Manual (2017-18 Budget Editon with CD) -New Book Related Post on… Read More »
Reason to believe to conduct a search, etc. not to be disclosed Sub-section (1) and (1A) of section 132 provide that where an authority mentioned therein, based on the information in his possession, has ‘reason to believe’ or ‘reason to suspect’ of circumstances referred to in the said sub-sections, he may authorize an authority specified… Read More »
Ajit Prakashan’s Union Budget 2017-18 It Contains Budget 2017-18 According to Finance Bill 2017 You can buy this book for Rs 345 . Click to buy this Book online. Books on Budget 2017-18 Taxmann’s Budget 2017-18 -Book Budget 2017-18- Notifications on Central Excise , Customs and Service tax – New Book
BUDGET NOTIFICATIONS on Central Excise ,Customs & Service Tax 2017-18 (Full Text) – 2017 This book on Budget 2017-18- Notifications – Contains the full text of the Notifications on changes in the Central Excise, Customs and Service tax in the Union Budget 2017-18 with Highlights on Indirect Tax Proposals. You can buy this book for… Read More »