Budget addresses both the current challenges faced by the economy and outlines the vision for the future: Sandip Somany, President, FICCI NEW DELHI, 1 FEBRUARY 2019: Reacting to the Interim Budget 2019-20 presented in Parliament today, Mr. Sandip Somany, President, FICCI said, “It is a progressive budget that addresses both the current challenges being faced by the economy as well […]
Interim Budget 2019: Friday, 01 February 2019 The Interim Budget presented by Piyush Goyal is the last Budget of the NDA government led by Prime Minister Narendra Modi before the Lok Sabha elections due by May 2019. Goyal, who has been given charge of the finance portfolio in place of Arun Jaitley who is in […]
Article contains analysis of Union Budget 2019 provisions for Income Tax Rates for Financial Year 2019-20, Standard deduction from Salary Income [AY 20-21 Onwards], House Property Income [AY 2020-21 Onwards], Capital Gains Income, TDS and Tax Deduction Income Tax Rates for Financial Year 2019-20 Foreign Company: [AY20-21] No change in Corporate tax rates. Effective tax […]
Annual General Meeting under Companies Act, 2013 ANNUAL GENERAL MEETING Every Company other than a One Person Company shall in each year hold in addition to any other meetings, a General Meeting as its Annual General Meeting. The Company shall specify the meeting as such in the notices calling Annual General Meeting. AUTHORITY: The Board shall every […]
Article contains statutory due dates table for Income Tax, GST, Companies Act, PF, SEBI & ESIC related compliance for filing /Payment / issue of GSTR-7 (GST TDS Return), GSTR-8(e-commerce operator), GSTR-1 , GSTR – 6, Issue of TDS Certificate 194-IA, Submission of Financial Results alongwith Limited review report/Auditor’s report, Form 24G (TDS Paid without production […]
This article will help you in understanding Private Limited Company registration process in detail and how to set up a private limited company in India.
Interim budget during the last season of Lok Sabha 2019, witnessed one of the populist interim budget. While the Government had eyed to please the commoners, the Finance Ministry played a master stroke, which most of us are not aware. While many of the analysts are keen on the overall impact on the public savings […]
The Interim Budget 2019 has been introduced and left a question for the Indian tax Payers. That how much this budget will impact on their tax liability? People have a misconception that the tax rate has changed and the basic limit of Rs. 2,50,000/- has raised to Rs. 5,00,000/-.They do not understand the actual meaning […]
Unique Document Identification Number (UDIN) is mandatory for all Certificates issued by Chartered Accountant in Practice w.e.f. February 1, 2019.
Taxes changes 1. No income tax for income up to Rs 6.5 lakh 2. Full tax rebate for income up to Rs 5 lakh per annum 3. No tax on notional rent on second self-occupied house 4. Capital Gains exemption under Section 54 to be available on two house properties 5. Tax benefit of Rs 18,500 crore given to three crore middle-class tax payers 6. Standard deduction raised to Rs 50,000 […]
