The Taxes shall arise for Gains Booked on Long Term Capital Assets being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust, made on or after the 1st day of April, 2018
The Institute of Company Secretaries of India (ICSI) applauds the Union Budget of 2018-19 presented by Union Finance Minister, Shri Arun Jaitley, focussing on facilitating MSMEs, empowering youth, developing infrastructure, reforming agricultural and rural sectors.
The Budget 2018 has touched upon almost every sector, while not disrupting the overall economic environment. It aims to provide the necessary push in field of infrastructure, farming, rural household provisions, education, and biggest of all, healthcare, for the common man.
A written and a registered Will, is the best and most convenient way for you to pass on your estate to the persons whom you want to.
This is off course an Election Budget which balances populism and discipline, but salaried class and investors are disappointed. A Union Budget blended with prudent economics and electoral populism, delivered by Finance minister on 1.2.2018, that placed villages at the Centre of a new development framework but maintained reformist intent and fiscal discipline.
This is the first budget after enforcement of GST.Finance Minister Shri Arun Jaitley presented general Budget for 2018. Let us have a simple review on the Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors.
Corporate Tax of 25% extended to companies with turnover up to Rs 250 cr in financial year 2016-17 No Change In Tax Slabs For Individuals. 100% deduction of income for Producer Companies. Standard deduction of Rs 40,000 allowed for transport, medical reimbursement for salaried tax payers
As per the government wish National E-Way Bill is implemented in all over India from 1st Feb-2018 for interstate transaction, and around 13 states also implemented Intra-state E-Way system from 1st feb-2018 on believing that portal developed by NIC can handle the load of whole India.
A lease is a contractual arrangement between Owner (lessor) & user (lessee) whereby one party, the lessor, grants the right to use a particular assets (such as a parcel of land, building, equipment, or machinery etc) for a specific period and under specified conditions to the other party, the lessee.
The notification notifying ICDS is contrary to the settled law since its implementation would nullify the judgements of the Supreme Court and the High Courts. This method of overriding the binding decision of Courts by the executive was contrary to law explained in Shri Prithvi Cotton Mills Limited v. Broach Borough Municipality (1969) 2 SCC 283.
