Follow Us :

Budget Common Man

Latest Articles


Some Issues in Union Budget on Direct Tax 2022

Income Tax : There have been Buzz words and viral posts before the budget that income tax will be replaced by the expenditure tax, a new concep...

January 28, 2022 8409 Views 3 comments Print

7 Expectations from Union Budget 2022

Income Tax : Expectation from budget – This would be the Fourth budget presented by Ms. Nirmala Sitharaman and second budget since covid has ...

January 28, 2022 10026 Views 1 comment Print

FM Madam- Please Enhance limit of Section 80C of Income Tax Act

Income Tax : Whenever a Budget is introduced in the Parliament, the middle income group primarily eye Section 80C of the Income Tax Act as it i...

January 18, 2022 8148 Views 3 comments Print

Expectations of Tax Payers In Budget -2022

Income Tax : We all know that Central Budget -2022 will announce on 1st February, 2022 by or Finance Minister Smt. Nirmala Sitaraman. During th...

January 18, 2022 8247 Views 1 comment Print

Budget 2022 – Increase Standard Deduction for Salaried Class

Income Tax : The salaried persons perhaps have no say in the Budget. Businesses and the self employed manage their taxable incomes but the sala...

January 17, 2022 12243 Views 1 comment Print


Latest News


34 Suggestion on Budget 2022 Proposal for GST

Goods and Services Tax : BJP Professional Cell, Mumbai has made a representation to Honorable Union Finance Minister and suggested 34 changes related to GS...

January 23, 2022 10137 Views 0 comment Print

Income tax Rates for assessment year 2021-22

Income Tax : Rates of income-tax in respect of income liable to tax for the assessment year 2021-22 i.e. Financial Year 2020-21 In respect of i...

February 2, 2021 21243 Views 1 comment Print

Budget 2020: DDT proposed to be removed

Income Tax : Union Budget proposed to remove the Dividend Distribution Tax. Currently, companies are required to pay DDT on the dividend paid t...

February 1, 2020 1425 Views 0 comment Print

Increase Income Tax Slab, Section 80C & Section 80TTA deduction

Income Tax : Tax Bar Association made a Pre Budget Memorandum to Finance Minister and requested for increase in Income Tax Slab Rate, Increase ...

January 29, 2020 17148 Views 5 comments Print

Budget 2020- Increase Tax Exemption Slabs / Section 80C Deduction/ Cash Transaction Limit

Income Tax : Punjab Accountants Association hs requested Honourable Union Finance Minister, Ms. Nirmala Sitharaman to revise Income-tax Slab fo...

January 21, 2020 14712 Views 0 comment Print


Latest Notifications


No TDS by Mutual Funds on income in the nature of capital gains

Income Tax : t under the proposed section 194K, a Mutual Fund shall be required to deduct TDS @ 10% only on dividend payment and no tax shall b...

February 4, 2020 5406 Views 1 comment Print

CBDT to Compile data of taxpayer in whose case appeals are pending

Income Tax : As you are aware the Hon'ble Finance Minister in her Budget Speech on lst  February 2020 announced a new Scheme namely Vivad se V...

February 4, 2020 1272 Views 0 comment Print

Govt clarifies on Tax on Income of Indian citizens working Overseas

Income Tax : It is clarified that in case of an Indian citizen who becomes deemed resident of India under this proposed provision, income earne...

February 2, 2020 2328 Views 2 comments Print


Latest Posts in Budget Common Man

Some Issues in Union Budget on Direct Tax 2022

January 28, 2022 8409 Views 3 comments Print

There have been Buzz words and viral posts before the budget that income tax will be replaced by the expenditure tax, a new conception of direct tax in line with the prevailing social security taxes in the gulf nations notably in Saudi Arabia and UAE, where income tax in conventional mode not in vogue particularly […]

7 Expectations from Union Budget 2022

January 28, 2022 10026 Views 1 comment Print

Expectation from budget – This would be the Fourth budget presented by Ms. Nirmala Sitharaman and second budget since covid has emrged. This Budget would be special as this would be seen as a Pre-poll budget of significant states like UP and Punjab along with Goa Manipur and Uttarakhand. Where central government may try to […]

34 Suggestion on Budget 2022 Proposal for GST

January 23, 2022 10137 Views 0 comment Print

BJP Professional Cell, Mumbai has made a representation to Honorable Union Finance Minister and suggested 34 changes related to GST in Union Budget 2022 so that difficulties faced by Common GST Taxpayers can be removed.  BJP Professional Cell, Mumbai Date: 21-01-2022 To, Smt. Nirmala Sitharaman Madam, Honorable Union Finance Minister Ministry of Finance, North Block, […]

FM Madam- Please Enhance limit of Section 80C of Income Tax Act

January 18, 2022 8148 Views 3 comments Print

Whenever a Budget is introduced in the Parliament, the middle income group primarily eye Section 80C of the Income Tax Act as it is the most popular and favourite section affecting the nett tax liability of the taxpayers. The rationale behind this deduction is to induce savings by investing in tax saving investments or incurring […]

Expectations of Tax Payers In Budget -2022

January 18, 2022 8247 Views 1 comment Print

We all know that Central Budget -2022 will announce on 1st February, 2022 by or Finance Minister Smt. Nirmala Sitaraman. During the year 2022-23, what should be the expected income and expenditure of the Government, will put before the Parliament for discussion. Till date deficit budget were published, and people expect the same for coming […]

Budget 2022 – Increase Standard Deduction for Salaried Class

January 17, 2022 12243 Views 1 comment Print

The salaried persons perhaps have no say in the Budget. Businesses and the self employed manage their taxable incomes but the salaried class cannot escape the clutches of the Income Tax Department because the employer is mandated for deducting tax at source.

बजट पूर्व सुझावों में छोटा व्यापारी और आम वर्ग हुआ उपेक्षित

December 23, 2021 2358 Views 0 comment Print

पिछले दिनों वित्त मंत्री द्वारा बजट पूर्व सुझावों हेतु कई बड़े व्यापारिक, उद्योगिक एवं अर्थशास्त्रियों के साथ मीटिंग और विचार विमर्श किया गया जिसमें कुछ मुख्य सुझाव जो सामने आए: 1. आम टैक्सपेयर्स के लिये इनकम टैक्स स्लैब को तर्कसंगत करने का सुझाव दिया गया. 2. रिसर्च एंड डेवलपमेंट के लिये ज्यादा बजट का आवंटन […]

Higher TDS/TCS Rate for non-filers of income Tax Return

February 5, 2021 43869 Views 7 comments Print

Section 206AB and Section 206CCA – Special provision for deduction of tax at source (TDS) and collection of tax at source (TCS) for non-filers of income Tax Return at Higher Rates The new section 206AB and 206CCA are proposed to be inserted in the Income Tax Act, 1961 (“Act”) by the Finance Bill, 2021. The […]

Changes in Due date of Original, Revised, Belated & Defective Return

February 3, 2021 6354 Views 0 comment Print

Budget 2021 proposes Extending of due date for filing return of income in some cases, reducing time to file belated return and to revise original return and also to remove difficulty in cases of defective returns Section 139 of the Act contains provisions in respect of the filing of return of income for different persons […]

Section 234C interest relaxed on dividend income, Capital Gain

February 3, 2021 28101 Views 2 comments Print

Union Budget 2021 proposed to relax Section 234C interest on Dividend income along with capital gains if shortfall in the advance tax payments and tax due has been paid in the subsequent advance tax instalments. Advance tax instalment for dividend income, Capital Gain etc. Section 234C of the Act provides for payment of interest by […]

Search Post by Date
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031