Budget 2016 – Government subsidies must be specifically excluded from income. General discussion: Basically subsidies are given to provide a support a socio –economic cause and public welfare. Subsidies which provide long-term benefits improves infrastructure. For example, education subsidies to educational institutions and students improve education, knowledge and as a result ‘improved human resources in […]
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Analysis of Changes in Service Tax in Union Budget 2014 Government of India, Ministry of Finance, Department of revenue, Tax Research Unit D.O.F. No. 334/15/2014-TRU, Dated July 10, 2014. Sub.: Union Budget, 2014-15: Changes in Service Tax – reg. The hon‟ble Finance Minister has, while presenting the Union Budget 2014-15, introduced the Finance (No.2) Bill, […]