Restriction on set-off of loss from House property Summary : As per Finance Bill 2017 w.e.f FY 2017-18 (AY 2018-19) Section 71 of Income tax Act is proposed to be amended to restrict the set-off of loss under the head ‘Income from house property’, in any assessment year against any other income, up to Rs 2,00,000. The… Read More »
Rebate allowable under Section 87A of Income tax Act Summary :– The rebate of Rs. 5,000 currently available under section 87A in case of an individual resident in India whose total income does not exceed Rs. 5,00,000,Finance Bill 2017 proposed to be reduced to Rs. 2,500, where the total income does not exceed Rs. 3,50,000… Read More »
Section 234F -Fee for delayed filing of Income tax return Summary : As per Finance Bill 2017 w.e.f FY 2017-18 (AY 2018-19) new section 234F is proposed to be inserted to provide for levy of fees for late filing of return after the due date. Rs. 5,000 would be levied for return filed after the due… Read More »
Taxmann Budget Talk | S.S Gupta | Budget 2017-18 | Union Budget Published on Feb 2, 2017 Watch expert Mr. S.S Gupta talk about the recent Union Budget announcement. He will discuss what was delivered to the people and what was actually expected. He is sharing budget highlights, key takeaways and how this budget will… Read More »
New Benefits announced for NPS Subscribers in Union Budget 2017-18 In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A)of… Read More »
Highlights of Indirect Tax Proposals Union Budget 2017-18 SERVICE TAX Amendments effective from 02.02.2017 Amendment in Mega Exemption Notification No. 25/2012 ST dated 20.06.2012 Services provided or agreed to be provided by the Army, Naval and Air Force Group Insurance Funds by way of life insurance to members of the Army, Navy and Air Force… Read More »
Highlights of Tax Proposals Union Budget 2017-18 DIRECT TAX PROPOSALS BUSINESS TAXATION The threshold limit for audit of business entities who opt for presumptive income scheme proposed to be increased from Rs. 1 crore to Rs. 2 crore. This is a clarificatory amendment. [ Read Tax Audit Limit for Presumptive Taxation w.e.f AY 2017-18 ] The threshold… Read More »
Talkathon on Budget 2017-18 Published on Feb 1, 2017 Talkathon with Union Finance Minister Shri Arun Jaitley held on February 1,2017. The show was hosted by eminent author Shri Chetan Bhagat. Questions were invited on Twitter which were answered by the Finance Minister.
Budget 2017-18: What’s in it for women Budget2017–18: What’s in it for students Budget2017-18: What’s in it for Rural Population Budget2017-18: What’s in it for farmers
Taxmann’s Budget 2017-18 (Presented on February 1, 2017) – 2017 No of Pages 192. you can Buy Book for Rs 271 .Click on Link to Buy online