Tag Archives: Budget

Excise Duty on Jewellery

Excise Duty on Jewellery
Amrit DalmiaIn this year’s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs] and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been

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Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues

Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues
The Union Budget, 2016, proposing flurry of changes in Indirect Taxes, has been a talk of the town since the day of

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Budget proposals relating to income tax return

Budget proposals relating to income tax return
The Finance Minister has proposed some changes in the provisions relating to income tax returns. Let us discuss these provisions.
Provisions relating to filing of income tax returns
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FEMA provisions of Guarantee to Persons Resident Out of India

FEMA provisions of Guarantee to Persons Resident Out of India
We are in the modern era in which whole world became our play ground. Gone are the days, when people were afraid of for going

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Budget 2016 – Enabling of Filing of Form 15G/15H for rental payments

Budget 2016 – Enabling of Filing of Form 15G/15H for rental payments
The provision of sub-section 194-I of the Act, inter alia, provides for tax deduction at source (TDS) for payments in the nature of

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Budget 2016-Changes in Time limit for carry forward & set off of loss

Budget 2016 Changes in Time limit for carry forward & set off of loss
The existing provisions of section 73A of the Act provide that any loss, computed in respect of any specified business referred

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