The Committee for Capacity Building of CA Firms and Small & Medium Practitioners of ICAI as a part of its commitment to strengthen the Small & Medium Practitioners has initiated the Revised Minimum Recommended Scale of Fees for the professional assignments done by members of ICAI. The recommendation is about the fee to be charged … Read more
‘Economic Survey of Maharashtra’ is prepared by the Directorate of Economics and Statistics, Planning Department every year for presentation in the Budget Session of the State Legislature. The present publication for the year 2014-15 is the 54th issue in the series. The information related to various socio-economic sectors of the economy along with indicators and … Read more
Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate. Women drawing salary upto to Rs.10000 per month exempted from Profession Tax . Tax rate on ladies Hand Bags and Purses reduced from 12.5 per … Read more
Other day I was just making list of presentations I have seen and given during last 5 years. The number was beyond 500 each, to my astonishment and was looking back at the journey with very first presentation of mine which was a miserable failure to latest once which are commanding. What a enjoyable learning … Read more
The Finance Minister Shri Arun Jaitley has said that a very important dimension to our tax administration is the fight against the scourge of black money. He said that taxation is an instrument of social and economic engineering. Tax collections help the Government to provide education, healthcare, housing and other basic facilities to the people … Read more
Budget 2015-2016 Speech of Arun Jaitley Minister of Finance February 28, 2015 I rise to present the Budget of the Union for the year 2015-16. 3. In the last nine months, the NDA Government headed by Prime Minister Shri Narendra Modi, has undertaken several significant steps to energise the economy. The credibility of the … Read more
The Finance Minister Shri Arun Jaitley while presenting the Budget announced in the Lok Sabha steps to broaden the Tax Base that will maximize benefits to the economy. The Service Tax rate is being increased from 12% plus Education Cesses to 14%. The new service tax rate shall subsume the ‘Education Cess’ and ‘Secondary and … Read more
Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Shri Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exemptions and incentives to reduce tax disputes and improve tax administration. He said, with a view to … Read more
The Finance Minister Shri Arun Jaitley has said that the Corporate Tax Rate is proposed to be reduced from the current 30% to 25% over the next 4 years. In his Budget Speech in the Lok Sabha here today, Shri Jaitley said this is expected to lead to higher level of investment, higher growth and … Read more
The Finance Minister, Shri Arun Jaitley signaled the government’s intent to curb generation of black money in real estate in the Budget 2015-16. Presenting the Budget in the Lok Sabha today he proposed amendments in the Income Tax Act prohibiting acceptance or repayment of advance in cash of Rs. 20,000 or more for any transaction … Read more