Budget 2019-20 Key Decisions Here is the Summary of Budget 2019-20 decisions Finance Bill 2019 : Download ( 5th July 2019) Income Tax Return Mandatory AY 2020-21 : Changes by Budget 2019-20 Changes in GST by Budget 2019-20 Consequence of not linking PAN with Aadhaar Filing ITR with Aadhaar & Penalty for not quoting PAN/Aadhaar… Read More »
Changes in GST by Budget 2019-20
Cabinet approves Summoning of Parliament after General Election, 2019 Lok Sabha session during 17th June-26th July Rajya Sabha during 20th June-26th July Economic Survey to be presented on 4th July Union Budget to be presented on 5th July Posted On: 31 MAY 2019 The Union Cabinet, chaired by the Prime Minister Narendra Modi,in its first… Read More »
ICAI submits Pre-Budget Memoranda-2018 – (11-12-2017) PRE-BUDGET MEMORANDUM – 2018 DIRECT TAXES AND INTERNATIONAL TAX 1.1 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Pre-Budget Memorandum – 2018 on Direct Taxes and International tax to the Government. The memorandum contains suggestions for the consideration of the… Read More »
Ministry of Skill Development and Entrepreneurship Budget Highlights 2016-2017 The Minister of State (I/C) for Skill Development and Entrepreneurship Shri Rajiv Pratap Rudy has made the following statement in a media briefing here today. “The budget for skill development is highly encouraging for us. As announced, we will be creating 1500 Multi Skill Training Institutes (MSTIs) which… Read More »
Budget 1. What is Budget? Budget is an Annual financial statement of the estimated receipts and expenditure of the Government for the financial year. (1st April –31st March). It is presented by the Union Finance Minister in the parliament. Once passed by both the houses of parliament and approved by the President of India, the… Read More »
Interesting facts of Budget
CUSTOMS Amendments Proposed by Budget 2016 Section 2(43) has been amended so as to include Special Warehouse licensed under Section 58A for enabling storage of specific goods under physical control of the department, as control over the other types of warehouses would be only record based. Section 25 is being amended so as to omit… Read More »
Central Excise Act, Amendments made effective immediately The Clean Energy cess is to be renamed as Clean Environment cess. The effective rate of Clean Energy cess proposed to be increased from Rs.200 per tonne to Rs.400 per tonne. Infrastructure cess is to belevied on motor vehicles under heading 8703 subject to certain exceptions. Further, this… Read More »
A number of initiatives proposed in the budget concerning the Ministry of Chemicals and Fertilizers In the Union Budget of 2016, a number of initiatives have been proposed for the Ministry of Chemicals and Fertilizers. The Union Minister of Chemicals and Fertilizers Shri Ananth Kumar outlined the initiatives: Department of Fertilizers Direct Benefit Transfer (DBT)… Read More »