Category Archives: Union Budget

ICAI Press Release on Union Budget 2017 -18

By | February 6, 2017

Union Budget 2017 -18 February 1, 2017 Elimination of Black Money The Finance Minister Mr. Arun Jaitley in his Budget Speech underlined that one of the main priorities of the Government is to eliminate black money component from the economy. He highlighted the positive role of demonetization in reducing corruption, increasing digitization of the economy… Read More »

Tax Audit Limit AY 2017-18 for Presumptive Taxation

By | February 4, 2017

Tax Audit Limit for Presumptive Taxation w.e.f AY 2017-18 Summary – Tax Audit Limit AY 2017-18  :As per Finance Bill 2017 , w.e.f 01.04.2016 FY 2016-17 (AY 2017-18) Section 44AB  an eligible person opting for presumptive taxation scheme as per section 44AD(1) shall not be required to get his accounts audited if the total turnover or gross receipts… Read More »

Limit for maintenance of books of accounts for Businessmen /Professional w.e.f 01.04.2017

By | February 4, 2017

Limit for maintenance of books of accounts for Businessmen /Professional w.e.f  01.04.2017 Summary :As per Finance Bill 2017 , w.e.f 01.04.2017 FY 2016-17 (AY 2018-19) under Section 44AA of Income Tax Act , every person carrying on any business or profession (other than specified profession of medical, legal, etc.) is required to maintain books of account… Read More »

Cenvat Law & Practice Finance Bill 2017 Edition Book by V.S. Datey

By | February 3, 2017

Cenvat Law & Practice – Finance Bill 2017 Edition (31st Edition, 2017) by V.S. Datey  Cenvat Law & Practice – Finance Bill 2017 Edition Book contains Comprehensive Commentary on Law relating to Cenvat Also Incorporating: Comprehensive Case Laws Coverage Department Instructions Guide to Procedures Documentation You can buy this Book for Rs 1076. Click to buy this… Read More »

Service Tax Ready Reckoner – Finance Bill 2017 Edition Book

By | February 3, 2017

Service Tax Ready Reckoner- Finance Bill 2017 Edition by V.S. Datey Service Tax Ready Reckoner – Finance Bill 2017 Edition :- Author : V.S. Datey Edition : 28th Edition 2017 Date of Publication : February 2017 No. Of Pages : 1040 You can buy this Book for Rs 1256.Click to Buy this Book Online . It has 1040… Read More »

Tax-exemption to partial withdrawal from National Pension System w.e.f AY 2018-19

By | February 3, 2017

Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A) provides that payment from National Pension System (NPS) trust to an employee on closer of his account or opting out shall be exempt up to 40% of total amount payable to him. In order to provide further relief to an… Read More »