News & FAQs

Budget provides easy assessment and reduced penalty

Budget 2016 has primarily driven the objective of accelerating start ups, investment and growth as well as reducing litigation. He also r...

Budget to tax the exempt dividend

In a move to tax wealthy individuals, with the increase in surcharge to 15%, Budget also proposed to tax the dividend received by individ...

To tax rich, Budget raises Surcharge to 15%

News & FAQs | By Editor | Mar 5, 2016

The FM’s Budget 2016 gave relief to individuals specifically to salaried individual. The relief is being provided by raising exemptions a...

Lower tax on Patent says Budget 2016

News & FAQs | By Editor | Mar 4, 2016

In order to encourage indigenous research & development activities and to make India a global R & D hub, the Government has decid...

Budget proposes Sunset Date for Exemption and Deduction

News & FAQs | By Editor | Mar 4, 2016

In the Budget Speech of 2015, the Finance Minister stated that the basic rate of 30% corporate tax in India is higher than the rates prev...

Budget 2016: This five point agenda for personal taxation you shouldn’t miss

News & FAQs | By Editor | Mar 4, 2016

With huge amount of investments in the rural sector and relief for small tax payers, Union Budget 2016 was largely pro-rural and pro-poor...

Reduction in Corporate Tax Rate

News & FAQs | By Editor | Mar 3, 2016

FM kick started the phase out of exemptions to corporate taxpayers by restricting the reduction in Corporate Tax rate to small companies....

Budget provides revision of Belated Return

News & FAQs | By Editor | Mar 3, 2016

Budget 2016 has many proposals to cheer up. One of those is increase in time limit for revision of return already filed. FM announced tha...

Clarity on EPF taxation as per Budget 2016

News & FAQs | By Editor | Mar 2, 2016

Budget 2016 gave a setback to all who were concentrating on EPF for their retirement and were rejoicing that will escape tax at all stage...

Curbing of Black Money in Budget 2016

News & FAQs | By Editor | Mar 2, 2016

To curb out the black money, FM unveiled a new scheme to tackle domestic black money. The government has proposed to bring in compliance ...

Limit to avail Presumptive Taxation Scheme increased

News & FAQs | By Editor | Mar 2, 2016

To ease tax rules, Modi Government has increased the limit for Presumptive Taxation Scheme (PTS). As per Budget 2016, small businesses wi...

Budget 2016 is just short of being a blockbuster for startups

News & FAQs | By Editor | Mar 1, 2016

“Thou shall prosper” – signifies Finance Minister Arun Jaitley in the Budget speech to the startups on February 29, 2016. Prime Minister ...

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