VAT is expected to be introduced IN UAE at a rate of 5% on 1 January 2018, with some limited exceptions including basic food items, healthcare and education.
Hello everyone coming with another article on GST, a very hot topic in discussion now a days , here is a gist of GST with meaning of some important terms which will help readers to understand the definitions properly and help practising chartered accountants to deal their clients efficiently in the matter of GST
Tax Provisions on Income of Investment Funds and Income Received From such Fund Investment Funds pool resources from the investors and invest in new companies, social ventures and other areas which government considers as socially or economically desirable. Finance Act 2015 came with the concept of Investment Funds
Prime Minister Narendra Modi opened the digital India week on 1 July . The programme is launced at the Indira Gandhi Indoor Stadium. The function at Indira Gandhi was not less than corporate product launch, It had all the glitz of money, multimedia, videos, tall promises.
FM Arun Jaitley said that Modi govt budget for middle class is committed to lower taxes and lower taxes gave people money to spend which in turn helps in economic growth. FM Hikes Income Tax exemption limit in personal income tax from Rs 2 lakh to 2.5 lakh, tax exemptions limit in investments under 80C from Rs 1 lakh to Rs 1.5 lakh and interest on housing loan from self occupied property from Rs 1.5 lakh to 2 lakh. Fm also raises limit for investment in PPF from Rs 1 lakh to Rs 1.5 lakh. These measures will help salaried class and middle class to do tax saving of upto Rs 39,655.
Hello everyone thanks for the appreciation for my last article why AS 22 is applied, coming with another article application of AS-22 on AS -19 “leases”. I am writing this article to discuss with you all how AS- 22 deferred taxes is applied on AS-19
My aim of writing this article is to discuss with you all why AS 22 is applied, generally this happens we study the whole AS, solve the questions, but we don’t know the crux of it. So friends AS 22 is Accounting for taxes on income and the reason for its application is mentioned below.
RESTAURANT SERVICE CLARIFICATION -Hello everyone here i am again with an another article of mine on services provided by a restaurant in relation to food or beverages eating joint or mess other than those having the facility of air conditioned or central air heating in any part of the establishment at any time during the years
