Budget 2014 articles

Taxation Regime for Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (Invit)

The Securities and Exchange Board of India (SEBI) had proposed draft regulations relating to two new categories of investment vehicles namely, the Real Estate Investment Trust (REIT) & Infrastructure Investment Trust (Invit). These regulations were placed in public domain for comments. The final Regulations are yet to be notified....

Read More
Posted Under: Income Tax |

Budget 2014- Amendment in Central Excise, Custom Duty & Service Tax

The Customs Act, 1962 proposed to be amended so that a reference in said Act to a Chief Commissioner of Customs or a Commissioner of Customs may also include a reference to the Principal Chief Commissioner of Customs or the Principal Commissioner of Customs, as the case may be. Further, Principal Chief Commissioner of Customs and Princip...

Read More
Posted Under: Income Tax | ,

Direct Tax Highlights of Union Budget 2014-15 by ICAI

Personal Taxation Basic exemption limit to be increased from Rs. 2 lakhs to Rs. 2.5 lakhs for taxpayer below the age of 60 years and from Rs. 2.5 lakhs to Rs. 3 lakhs, in case of senior citizens. The existing limit of deduction under section 80C to be increased from Rs. 1 lakh to Rs. […]...

Read More
Posted Under: Income Tax | ,

Budget 2014 – Key Highlights – Income Tax and Service Tax

1. Rates of Income Tax, Surcharge and Cess - There is no change in the rate of income tax, surcharge , education and SHE cess. The rates for AY 2015-16 will remain the same as in AY 2014-15. 2. Income Tax basic exemption Slabs -enhanced . The new income tax basic exemption limits has been increased. The revised limits are as under:...

Read More
Posted Under: Income Tax | ,

Budget 2014 – Impact analysis for Indirect Taxes

Entry 2B: For safe disposal of medical and clinical wastes, services provided by common bio- medical waste treatment facilities exempted. Entry 7: Exemption withdrawn to services by way of technical testing or analysis of newly developed drugs, including vaccines and herbal remedies on human participants by a clinical research organizatio...

Read More
Posted Under: Income Tax | ,

Budget 2014- Major Highlights In Central Excise And Service Tax

- An additional duty of excise is being levied at the rate of 5% ad valorem on waters, including aerated waters, containing added sugar falling under chapter heading 2202 10 i.e. aerated waters [2202 10 10], lemonade [2202 10 20] and other [2202 10 90]....

Read More
Posted Under: Income Tax | ,

Service Tax Proposals – Budget 2014-15

Broadening the exemption for advertisement industry-(1) Service tax leviable currently on sale of space or time for advertisements in broadcast media, namely radio or television, has been extended to cover such sales on other segments like online and mobile advertising. Sale of space for advertisements in print media, however, would rem...

Read More
Posted Under: Income Tax | ,

Norms framed in budget 2014 to curtail fiscal deficit, is it a challenging task for the government???

Everyone has closely opened their eyes for budget which has announced by our Hon’ble Finance Minister Mr.Arun Jaitley for the F.Y. 2014-15. After hike in railway & oil prices people had not lose there hopes for ‘AACHE DIN’ & budget has also moved towards it to the extent. ...

Read More
Posted Under: Income Tax |

Budget 2014- Analysis of Income Tax Provisions – Start of Good Time

To Remove Tax Arbitrage Long-term Capital Gains on debt oriented Mutual Fund and its qualification as Short-term capital asset - Section 2(42A) Amended Unlisted security and a unit of a mutual fund (other than an equity oriented mutual fund) shall be a short-term capital asset if it is held for not more than 36 months. Accord...

Read More
Posted Under: Income Tax | ,

Budget 14- Permission to dispose of Plant and Machinery Supplied to UN Projects

CA Pradeep Jain , Ranu Dhoot Burdened with extraordinary expectations after a campaign that promised “good days are coming,” Prime Minister Narendra Modi’s center-right government presented the most hyped budget on Thursday aimed at increasing investment, improving infrastructure and reviving manufacturing, though it fel...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (5,631)
Company Law (7,548)
Custom Duty (8,593)
DGFT (4,580)
Excise Duty (4,510)
Fema / RBI (4,770)
Finance (5,102)
Income Tax (37,950)
SEBI (4,073)
Service Tax (3,746)

Search Posts by Date

August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031