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There is more than one reason to believe that ICICI Bank has moved onto greener pastures in 2019. A closer look at ICICI Bank’s Q3 results shows that its retail loans have grown by 22% year-on-year and constitute 59% of the loan portfolio as of December 31, 2018. Further, addition to the bank’s gross non-performing […]
Finance Minister Piyush Goyal presented the Interim Budget 2019 today, amidst much speculation and debate. However, the Budget announcements look promising for the rural sector of the economy, the investors, and the salaried. One of the key takeaways of the budget was the hike the government proposed for TDS deduction limit on interest earnings for […]
For past two days from the time the Central Board of Indirect Taxes and Customs (CBIC) issued few circulars on 29.01.2019 there is a confusion whether the inward supplies from Unregistered dealer taxable under RCM from 01.02.2019?. The following is an attempt to clear the air in this regard.
Standard deduction for salaried persons has been increased to Rs. 50,000 from earlier Rs. 40,000. Long term capital gains exemption under section 54 for sell of residential house has been extended to two residential houses from one earlier, for capital gains up to Rs. 2 Crores.
1. Individual taxpayers with annual income up to 5 lakh rupees to get full tax Rebate. 2. Individual with gross income up to 6.5 lakh rupees will not need to pay any tax if they makes investment in the Provident funds and Prescribed equities. 3. TDS threshold limit on rental income raised from 1.8 lakh to 2.4 lakh rupees.
Interim Finance Minister Piyush Goyal has presented the much awaited Interim Budget also known as a Vote on account Budget. The Major highlights of the Interim Budget are as follows: CHANGES IN TAX RATES Individual taxpayers with annual income up to Rs. 5 lakh to get full tax rebate. Standard deduction of Rs. 40,000 has […]
IN THE PREVIOUS ARTICLE , I HAVE LISTED OUT ALL MAJOR DEDUCTIONS FOR AY 2019-20. After Budget 2019 speech , Here is summary of Income Slabs & deductions under Income Tax which will be applicable from 1-4-2020 i.e for AY 2020-21 RETURN FILLING. This chart of Deductions & Slab rates will help you to plan […]
A Cost Accountant is required to undergo a mandatory training before applying for Certificate of Practice or within six months of getting the Certificate of Practice. The duration of the training will be for six days or 36 hours with course fees as may be fixed by the Council from time to time.
इस समय की सरकार का आम चुनाव के पहले जो अंतरिम बजट इस समय वित्त मंत्री श्री पीयूष गोयल ने पेश किया उसमें यह तो उम्मीद थी कि आयकर में कुछ तो छूट मिलेगी ही और इस सम्बन्ध में ये उम्मीद कुछ हद तक पूरी तो हुई ही है और अब 5 लाख तक की कुल आय पर कोई कर नहीं देना पडेगा. आइये इसे और अन्य परिवर्तनों को ध्यान से देखें कि आखिर इस अंतरिम बजट में हुआ क्या है कर प्रस्तावों को लेकर.
1. No increase in threshold limit of Rs 2,50,000. 2. Wrong perception about no income tax upto Rs. 5 lakh to all tax payer, income tax is still payable @ 5% on income upto Rs. 5 lakh 3. Rebate under section 87A increased from Rs. 2,500 to Rs. 12,500. And eligibility of total income not […]
