Daily Archives: February 1, 2017

Finance Bill 2017 -Download /Print -Budget 2017-18

Finance Bill 2017 (Budget 2017-18) India Finance Bill 2017 presented on 01.02.2017 by Sh Arun Jaitley Related Book on Finance Bill 2017 (Budget 2017-18) India The Central Budget 2017 ( with Budget Highlights , tax tables ,speech , finance bill 2017 , notes on clauses and memorandum 2017 – 2018 ) by Arun Jaitley – ENGLISH… Read More »

Income Tax Slab Rates AY 2018-19 as per Budget 2017-18

Income Tax Slab Rates AY 2018-19 Income Tax Slab Rates AY 2018-19 (Financial Year 2017-18) for different category of Persons as per Finance Bill 2017 (Budget 2017-18) are as follow:- Income Tax Slab Rates AY 2018-19 in case of Individual(resident or non-resident) or HUF /AOP/BOI/AJP  In case of an Individual(resident or non-resident) or HUF or Association of Person… Read More »

Salient Features of Direct Tax Proposals in Union Budget 2017

Salient Features of Direct Tax Proposals in Union Budget 2017 The Union Budget 2017 was laid before the Parliament today by the Hon’ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below: I. Affordable Housing:         Three concessions in the scheme of Income Tax exemption for affordable housing: (a)         … Read More »

Key Tax Proposals in Budget 2017-18 of India

Budget’s thrust on stimulating growth, relief to Middle Class, Affordable Housing, Curbing Black Money, promoting Digital Economy, transparency of Political Funding and simplification of Tax Administration Government committed to eliminate Black Money component from the economy  MSME companies to pay income tax @ 25%  Custom duty on LNG reduced from 5% to 2.5%  Small and… Read More »

Budget 2017-18 -Budget proposals for Better India -Tec India

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley presented the General Budget 2017-18 in Parliament today Total expenditure in Budget for 2017-18 has been placed at`21.47 lakh crores and this is expected to have multiplier effects and lead to higher growth. The total resources being transferred to the States and the Union… Read More »

Infrastructure Development Provisions in Budget 2017-18

Total allocation for Infrastructure Development stands at Rs. 3,96,135 crores in 2017-18 2,000 kms of roads identified for construction for better connectivity with ports and remote villages 1,55,000 kms of Optical Fiber Cables laid; high speed broadband connectivity to more than 1,50,000 gram panchayats by end of 2017-18 The Union Minister for Finance and Corporate… Read More »

Railways Provisions in Budget 2017-18

First combined Budget of Independent India, that includes Railways, presented Total Capital And Development Expenditure of Railways pegged at Rs. 1,31,000 crores Government to focus on ‘Swachh Rail’; Rs. 1 lakh crores ‘Rashtriya Rail Sanraksha Kosh’ to be created in 5 years Cashless reservations go up from 58% to 68%             The Union Minister for… Read More »

Budget 2017-18 proposes Reduction in Customs/ Excise for Renewable Energy Sector & Cashless Transaction Devices

General Budget 2017-18 proposes Reduction in Customs and Excise for Renewable Energy Sector, and Cashless Transaction Devices The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today announced substantial relief in Customs and Excise Duties for Renewable Energy Sector and for manufacture of Cashless Transaction… Read More »

Customs and Central Excise Notifications -Budget 2017-18

Customs and Central Excise Notifications -Budget 2017-18 Notifications Customs Tariff Central Excise Tariff Central Excise Non-Tariff Service Tax Index Explanatory Notes Explanatory Note D.O. Letter from JS(TRU-I) D.O. Letter from JS(TRU-II) Related Post on Budget 2017-18 Budget Speech 2017-18 -Download /Print Finance Bill 2017 -Download /Print -Budget 2017-18 Memorandum Explaining Provisions in Finance Bill 2017… Read More »

Affordable Housing will be given Infrastructure Status – Budget 2017-18

Affordable Housing will be given Infrastructure Status National Housing Bank will Refinance Individual Housing Loans of about Rs. 20,000 Crore in 2017-18 The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that affordable housing will now be given infrastructure status, which will enable… Read More »

Legislative reforms to Simplify abour Laws -Budget 2017-18

Legislative reforms to be undertaken to Simplify, Rationalize and Amalgamate the existing Labour Laws The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the Government is keen on fostering a conducive labour environment wherein labour rights are protected and harmonious labour relations… Read More »

Innovative Fund for Secondary Education to Encourage Local Innovation -Budget 2017-18

Innovative Fund for Secondary Education to Encourage Local Innovation The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today proposed  to create innovative fund for secondary education for ensuring universal access, gender parity and quality improvement. Delivering his Budget Speech, the Finance Minister said this… Read More »

Reforms will be undertaken in UGC – Budget 2017-18

Reforms will be undertaken in UGC; Good Quality Institutions would be enabled to have greater Administrative and Academic Autonomy The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that in higher education, the Government will undertake reforms in the UGC. Good quality institutions… Read More »

“SWAYAM” Platform will be launched to leverage Information Technology -Budget 2017-18

“SWAYAM” Platform will be launched to leverage Information Technology The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the Government proposes to leverage information technology and launch SWAYAM Platform with at least 350 online courses. In his Budget Speech, the Finance Minister… Read More »

National Testing Agency for Entrance Examinations in Higher Education Institutions

National Testing Agency for Entrance Examinations in Higher Education Institutions The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the Government proposes to establish a National Testing Agency as an autonomous and self-sustained premier testing organization to conduct all entrance examinations for… Read More »

Budget 2017-18 -Key Highlights

Budget 2017-18 -Key Highlights —- we are updating this page further…….. Finance Bill proposes ban on cash transactions above 3 lakhs 2001 shall be the base year for calculating the capital gains instead of existing 1981. Capital Gains: Holding period for immovable property is reduced to 2 years Presumptive income under Section 44AD for digital… Read More »

Budget Glossary- 29 Budget Terms You must know

Budget Glossary 1. Union Budget Union Budget is the most comprehensive report of the Government’s finances in which revenues from all sources and outlays for all activities are consolidated. The Budget also contains estimates of the Government’s accounts for the next fiscal year called Budgeted Estimates. 2. Direct and Indirect Taxes Direct taxes are the… Read More »

MP Vijay kumar Financial Reporting Book – CA Final

CA Final Financial Reporting Book – First Lessons In Financial Reporting  by M P Vijay Kumar (Author) This MP Vijay kumar Financial Reporting Book for CA Final is updated upto December 2016 and includes November 2016 solved paper. It Contains 1202 pages. It includes references to Companies Act 2013 and Schedule III. It Incorpor ates Amendments by… Read More »

USA- IRS-How Exemptions & Dependents Can Reduce Taxable Income

How Exemptions and Dependents Can Reduce Taxable Income Most taxpayers can claim an exemption for themselves and reduce their taxable income on their tax return. They may also be able to claim an exemption for each of their dependents. Each exemption normally allows them to deduct $4,050 on their 2016 tax return. Here are seven… Read More »

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