Green debt securities A Debt security shall be considered as Green debt securities if the funds raised through the issuance of the debt securities are to be utilized for the project or projects and/or asset(s) falling under any of the following categories-
NPA in Education Loan It was Friday evening, I left work early and just when I got into my bike I had a call. I assumed it to be my mom who calls me at this time to remind me to drive carefully while returning back home and I didn’t answer the call since I […]
Access I-T return filing account without updating contact profile details The income tax department has relaxed to updating contact profile details the ‘compulsory/forcible’ updation of tax payer details on its return filing website. When this new requirement was introduced on September 22, a tax payer was unable to log in to their e-filing account without […]
Cash deposits before demonetization also on government checklist If you thought cash deposits made prior to November 8 last year — when the government announced its demonetization exercise will escape the eagle eye of the tax department, you would be mistaken.
Provision Under Section 44ADA for computing profits and gains of Profession Provision Under Section 44ADA for computation of profit of Profession on Presumptive basis introduced in Finance Act,2016.Many people still unaware of this section and they are declaring their profit below the presumptive basis and their income exceeds the maximum amount not chargeable to tax. […]
Direct Taxes Code can simplify taxation and reduce your tax The Finance Ministry is planning to revamp the direct tax structure. Previous attempts to overhaul direct taxes were not successful named Under Direct Taxes Code . In 2009, the Direct Taxes Code had suggested radical changes, including the removal of many exemptions and generous tax slabs. […]
Income Tax Rate of 20% likely to be reduced to 15%!!! It is close to a year since demonetisation has taken place. GST the greatest tax reform since independence, has been rolled out a few months ago. Both of these reforms have an impact on inflation. Moreover the prices of petroleum products continue to be […]