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 imposed on articles of jewellery [excluding silver jewellery, other than studded with diamonds or other precious stones] w.e.f March 01, […]

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 its presentation. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on May 11, 2016, […]

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 At present, an Individual or an HUF has to file its income tax return, before the due date which is […]