Seeking to crackdown on shell companies, the government has proposed to remove exemption available to firms with tax liability of up to Rs 3,000 from filing I-T returns beginning next fiscal
There are seven parts to the Sahaj form. Once you understand this it is fairly simple to file your income tax returns
Andhra Pradesh FM said that commercial tax from all border posts will be removed from 1 July when the GST goes into operation, replacing the existing myriad central and state levies on both goods and services
According to SBI's research report Ecowrap, the upcoming budget is likely to see an increase in personal income tax exemption limit, increase in section 80C exemption limit, interest exemption on housing loan and and at least reducing (if not abolishing) the lock in period for bank fixed deposits
Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.
To boost waning exports, the Commerce Ministry has suggested that exporters be exempted from payment of service tax in the upcoming Budget.
The Labour Ministry has directed retirement fund body EPFO and health insurance provider ESIC to exempt startups from inspection and filing returns for 3 years.
The survey was able to target employees from 18 broad sectors, with maximum share contributed by employees from IT/ITes sector (17 percent).
As this Budget will be the first full-fledged budget by the new government, the expectations all around are high
The income-tax law indeed is caught in a time warp especially for the salaried class
Uttar Pradesh Chief Minister Akhilesh Yadav on Monday announced exemption of VAT for bicycles costing less than Rs 3,500.
In English the word budget simply means, where money comes from and where money goes. Loosely put the Union Budget is pretty much the same thing. But, for the sake of those who are new to this and want to understand what the FM speaks. Read on.