Shri Jaitley Announces Measures to Improve the Ease of Doing Business with Simplification of Tax Procedures in Finance Bill 2015 The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok Sabha today announced measures to improve the ease of doing business so as to achieve ‘Minimum Government and Maximum Governance’. He sought […]
No Change in the Rate of Personal Income-Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16 Surcharge @12% Levied on Individuals, HUFs, AOPs, BOIs, Artificial Juridical Persons, Firms, Cooperative Societies and Local Authorities Having Income Exceeding Rs 1 Crore The Union Finance Minister Shri Arun Jaitley in his Budget Speech […]
The Union Finance Minister Shri Arun Jaitley has proposed to merge the Forwards Markets Commission with SEBI to strengthen regulation of commodity forward markets and reduce wild speculation. Enabling legislation, amending the Government Securities Act and the RBI Act is proposed in the Finance Bill, 2015. It has also been proposed to amend through the […]
The Finance Minister Shri Arun Jaitley has said that the Corporate Tax Rate is proposed to be reduced from the current 30% to 25% over the next 4 years. In his Budget Speech in the Lok Sabha here today, Shri Jaitley said this is expected to lead to higher level of investment, higher growth and […]
Text of PM’s reaction on Union General Budget 2015 to DD News Pro-Poor Budget है, Pro-Growth Budget है। जन-जन की अपेक्षाओं को पूर्ण करने के लिए, जन-धन से लेकर के जन-कल्याण तक का, पूरा मार्ग प्रशस्त किया गया है। एक तरफ राज्यों को सक्षम बनाना; दूसरी तरफ राष्ट्रीय प्राथमिकताओं को, राष्ट्रीय आवश्यकाताओं को बल देना। […]
Concurrent Audit is an examination that is simultaneous with the happening of business transactions or is conceded out as near thereto as achievable. It’s an attempt by an independent person to shorten the interval between the occurrence of a transaction and its examination not involved in its documentation
PROFESSIONAL OPPORTUNITIES FOR CHARTERED ACCOUNTANTS- 1. Consultation in formation of REITs and InvITs 2. Drafting of REIT / InvIT Trust Deed 3. Structuring of Business Transactions – Direct Investments / Investments through SPV 4. Consulting for Investors and units buyers 5. Accounting of Trusts and SPVs 5. Advising/ Consulting on Taxation Aspects 6. Valuation of Properties 7. FDI in trusts
Below Article covers recent amendment carried out and Proposed by Union Budget 2015-16 presented by Finance Minister Arun Jaitley on 28.02.2015 in Lok Sabha. Articles covers amendment in six sections which are as follows
The question sought to be raised in this appeal relates to the deduction under section 80O of the Income Tax Act, 1961 (“Act” for short). The Tribunal has considered this question taking into account the calculations made by the Assessing Officer
Various proposals have been made in the Budget 2015-16 which would lead to greater stability, clarity and continuity in the economy and the petroleum and natural gas sector. Subsidies will continue so that there is no adverse impact on the general public. As stated by the Finance Minister, the Government is committed to the process […]
