Explanatory Notes to the Provisions of the Finance Act 2017

CIRCULAR No. 2/2018 F. No. 370142/15/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* Dated, 15th of February, 2018 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2017 CIRCULAR INCOME-TAX ACT Finance Act, 2017 ─ Explanatory Notes to the Provisions of the Finance Act, 2017 CIRCULAR NO. … Read more

Union Budget 2018 – Budget 2018 Analysis in a Very Simple Way

You can check here the complete analysis of Union Budget 2018 in a very simple language along with highlights. You can also download the complete PDF of Union Budget 2018 analysis from here. Download Complete Union Budget 2018 Analysis – PDF Format ECONOMIC PERFORMANCE: 2017-18 State of Indian Economy After registering GDP growth of over … Read more

Income Tax Highlights in Union Budget 2018

Union Budget 2018 Highlights Related to Income Tax Long Term Capital Gains on listed securities i.e. Gain on shares or Mutual Funds held for more than one year was earlier exempt from Income Tax. Now for gain above Rs.1 Lakhs ,tax @ 10% without any indexation benefit has been levied. However any gain upto 31/01/2018 … Read more

Complete Highlights of the Budget 2018

The Budget for 2018 was presented on 1 February 2018 in the Parliament by the Finance Minister of India, Arun Jaitley. This was the fifth and the last budget of the current Government. Upcoming elections, impact of demonetization and economic growth has been the primary concern of the citizens. So, without any further delay let’s … Read more

Download Union Budget 2018-19 PDF – Finance Bill 2018

As you all know the Union Budget 2018-19 has been presented by Sh. Arun Jaitely on 1st February 2018. Here you can download the complete official document of Union Budget 2018-19 in PDF format along with other official documents. Here is the complete list of official documents related to Union Budget 2018-19. Key to Budget … Read more

How Going Digitally Can Save Tax for Small Traders?

In Budget 2017, there was a major change in the way of doing transactions. There are many changes which are taken to promote the digital transactions. Here is the one of it!! Existing Provision Earlier under section 44AD of the income tax act,1961 the businessman having turnover up to Rs.2 crore or less can opt … Read more

8 Changes in Budget 2017 that Became Law from April 2017

The budget 2017 comes with many changes which will affect the economy as a whole as well as the individuals. The budget 2017 aims at reducing the cash transactions and promoting cashless economy. The tax proposals in budget 2017 have now became laws as per the income tax act. Now everyone one has to follow … Read more

Download Budget 2017 – Highlights, Speech and More

Here is the complete list of Budget 2017 official important documents. You can download for better understanding of budget 2017. Budget Documents Links Finance Bill Download Speech Download Budget at a Glance Download Key Features Download Key Highlights Download Memorandum Download Outlay of Major Schemes Download Debt and Deficit Statistics Download Budget Profile Download If … Read more

Direct Tax Proposals in Budget 2017 with Existing & Proposed Provisions

Here you can get complete proposals regarding direct taxes in Budget 2017. We are giving here existing provisions and proposed provision in Budget 2017 for better understanding. You can also check key highlights of budget 2017 here. You can also download entire article in PDF format from here. Rates of Income Tax Slab Rate for … Read more

Check Key Highlights of Union Budget 2017

Budget 2017- Highlights: Here is the key highlights of Union Budget 2017 presented today (1-2-2017) by honourable finanance Minister (Arun Jaitley). India stands out as a bright spot Focus on energizing youth to gain benefits of growth. IMF estimates growth of 3.4% in world GDP by 2017 India has witnessed historic reforms in last one … Read more

Excise Duty Changes in Budget 2016-17

The Budget 2016-17 marked the development of numerous changes within the existing rate of Excise duty. There were some areas where the existing rate of excise duty was lowered and then there were some areas where the existing rate of excise duty was increased. Additionally, there were also some section which were brought under the … Read more

15 Big Announcement in Budget 2016-17

Union Budget 2016-17

The Budget 2016-17 was announced in the Lok Sabha on February 29 2016. The presenter of the budget was the Finance Minister of India, Arun Jaitley. Some of the biggest announcements which were made during his speech are as follows:  1) The Tax Slab Remains Unchanged The common man felt relieved on hearing the fact … Read more

Budget 2016-17 Highlights – Related to All Sectors

The Budget 2016-17 of India was presented on February 29 2016 by the Finance Minister of India, Arun Jaitley, in the Lok Sabha. This year, the budget was focused on offering widescale development and included contributions in the sector of Agriculture, Infrastructure development, loan facilitation and promoting entrepreneurship. Some of the key highlights of this … Read more

Budget 2016-17: All Related to Taxation

The Budget 2016-17 had a mixed impact on the taxation. There are certain areas which has remained unaltered, like tax on income, etc., and then there were areas where changes were felt, like alteration in the rate of service tax. To sum up the whole budget from the perspective of taxation, here is all that … Read more

 15 Big Things of Railway Budget 2016-17

On February 25 2016, the Railway Minister of India, Suresh Prabhu presented the Railway Budget for the year 2016-17. During the presentation, there were several surprises as well as expected outcomes which has made the scenario interesting. Here are the top 15 things that you must be aware of in the Railway Budget 2016-17! #1- … Read more

Budget 2015: 10 Things Taxpayers are Going to be Happy About

Finance Minister Arun Jaitley concluded his budget by stating a mantra inspired from Upanishad, which meant everyone to be happy. In this article we will try to understand and decode the budget impact for the common man and the implication of the tax increase/ decrease on the common man and also contemplating how the FM … Read more

Budget 2015: Decoding What Become Costlier and What becomes Cheaper

The financial budget as presented by the FM Arun Jaitley, got mixed response from experts, industrialists as well as the common man. While the financial budget promised opportunities wherein citizens will be able to purchase commodities at a lesser rate, there are commodities for which consumers will have to pay more. Similar to the past … Read more

Financial Budget 2015 Highlights: The Good, Bad and Ugly

The financial budget as introduced by the FM focused on high growth. Also, FM indicated in the budget that the reduction in fiscal deficit will slow down and investment will be boosted. This will ensure that the ordinary citizens benefit from the Financial Budget 2015. Some of the crucial highlights from the budget presented are described … Read more

10 Things You Must Know Announced in Budget 2015

The entire nation watched as the FM announced 2015-16 Union Budget. While industrialists, financial experts and economists have deemed the budget as favourable for growth and fiscal policy others have commented in a more negative fashion, majorly due to the increase in various taxation issues. The current article will take you through the ten major … Read more