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Posted On:  2 years ago


Change in Employee Provident Fund Taxation in Budget 2016 applicable from 1 April 2016

The budget was announced giving a nightmare in the day for the salaried assessees as the finance minister announced that PF is taxable. Only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed; principal amount to remain exempt. Also PPF contributions will continue to be tax exempt; no tax on withdrawal and small salaried employees with up to Rs 15,000/month income will be kept out of purview of proposed taxation of EPF.

article author One Roof Consultant

Posted On:  2 years ago


Union Budget 2016-17 - An Analysis

Dear Reader, The Finance Minister in his Budget presented to the Parliament today has aimed at giving fillip to growth and promoting the new age industries. Please find enclosed herewith our Tax Bulletin analyzing the direct tax proposals as stated in the Budget. Trust you will find it an interesting read.

article author Vispi T. Patel

Posted On:  2 years ago


How to Pay Zero Tax for Professionals (CA, CS, Lawyers, Doctors, etc) earning Income of Rs 16 Lacs in Financial Year 2016-17- Section 44ADA Budget 2016

The Present Scheme of Presumptive Taxation is only for certain Business. Budget 2016 has introduce presumptive taxation scheme to reduce the compliance burden of the small professional tax payers having income up to Rs 50 Lacs from professions.

article author CA Chirag Chauhan

Posted On:  2 years ago


How to Pay Zero Tax for Income up to Rs 12 Lakhs from Salary for Financial Year 2016-17 Budget 2016

The Budget has made no significant change for Tax Rates for Individuals. The Individuals who earn income of Less than 5 Lakhs rupees will get Rs 5000/- as Tax rebate under section 87A.

article author CA Chirag Chauhan

Posted On:  2 years ago


How to Pay Zero Tax for Business Receipts -Turnover of Rs 1 Crore for Financial Year 2016-17 Budget 2016

To give relief to small taxpayers from this tedious work, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD. A person adopting the presumptive taxation scheme can declare income at a prescribed rate and, in turn, is relieved from tedious job of maintenance of books of account.

article author CA Chirag Chauhan

Posted On:  2 years ago


Criterion and Documents required for Unsecured SME loans in India

I have mentioned all the important details about my company profile and my activities . Please go through it and for any other assistance you can get in touch with me on aaishwarya.s@andromeda.in

article author Aaishwarya Shrivastav

Posted On:  2 years ago


BUDGET 2016 - CA ROHIT R SHARMA

GIST OF UPDATES IN BUDGET 2016

article author ROHIT SHARMA

Posted On:  2 years ago


Feared of cheat while buying house?? Know simple steps to stay secured

What are challenges faced while buying your first home, Steps to be followed while buying property, what is to be considered while buying a property from builder? What is process to buy a house? If this queries are in your mind and you want to get prevented from cheat by builder/seller follow these simple steps to become best buyer in town

article author CA Nikesh Sheth

Posted On:  2 years ago


Provisions relating to Direct Taxes- Finance bill 2016

The Finance Budget is annually presented in the Parliament and after debate and discussion the Bill is passed with some changes. However broadly the Bill remain the same.

article author CA Chirag Chauhan

Posted On:  2 years ago


The Finance Bill 2016 And Budget Speech by Arun Jaitely - Union Budget

Budget Speech 2016 by Finance Minister Arun Jaitely Minister of Finance February 29, 2016

article author CA Chirag Chauhan

Posted On:  2 years ago


Most Litigated Matters Under Income Tax Laws

Summary of several provisions in the Income Tax laws which has given rise to litigations and which requires modification with a view to ensure certainty and predictability in tax laws.

article author Shivam Tara

Posted On:  2 years ago


How to file Income Tax Return Online

This article guide you with step by step procedure to file income tax return online

article author Soniya Agarwal

Posted On:  2 years ago


All about income tax form 16 for salaried employee

This article contains all details about Income Tax form 16 for salaried employees

article author Soniya Agarwal

Posted On:  2 years ago


100 Key Highlights of Union Budget 2016 presented by Arun Jaitely

Union Budget is presented by Arun Jaitely Today. Following are the Key Changes in The Budget from the Finance Minister Speech

article author CA Chirag Chauhan

Posted On:  2 years ago


Interest Income on Tax Refunds

This article is about how we can earn income by way of interest from tax refunds

article author Soniya Agarwal

Posted On:  2 years ago


Patents Act – Application, Documents, types of inventions, term of patent and cost of filing a patent.

This article provides an overview on Application for a patent be filed, the essential patent documents to be generated and submitted by a potential patentee, types of inventions which are not patentable, conditions to be satisfied by an invention to be patentable, term of patent and cost of filing a patent and the offences committed by Companies.

article author Dharmesh Jain

Posted On:  2 years ago


Indian Stamp Act- Stamp Duty, purpose, types, instruments, matters and prosecution.

This article provides an overview on Stamp Duty, purpose of the Stamp Act, applicability, types of Stamp duty, difference between a document and an instrument, instruments which can be stamped with adhesive stamps, Impressed stamp, Prosecution should be done for offence against Stamp-law and Non-liability for loss of instruments sent

article author Dharmesh Jain

Posted On:  2 years ago


Black Money Act- Black Money bill, features, provisions, negative effect and penalty.

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 has raised a lot of dust in Indian financial circles. Many people feel that it is a very harsh law. The government (through its Finance Ministry officials) appears to have steadfastly taken a stand that the law is meant to be harsh and that the special One Time Compliance Scheme (OTCS) is the last opportunity available for offenders to come clean.

article author Dharmesh Jain

Posted On:  2 years ago


Employees Compensation act, 1923, Applicability, benefits and Penalties

This article gives information about the Employees Compensation act. The object of the act is to provide for the payment of compensation by certain employers to their works men for injury caused to them by accident while in employment. If a workman contracts an occupational disease while in employment, it is also treated under the act as injury caused by accident.

article author Dharmesh Jain

Posted On:  2 years ago


Payment of Wages act 1936, Applicability, eligibility, benefits and Penalties

This article gives all information regarding the payment of wages act. This act serves a very limited purpose on the payment of wages to certain classes of employees on certain aspects of payment of wages like time of payment, authorised deductions; recovery of wages not paid, delayed or held up by the employer.

article author Dharmesh Jain