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Tag: Tax


Understanding the 87A rebate : Budget 2019

Taxpayers found an unexpected bonanza in the budget in the form of increase in rebate under section 87A. The limit for such rebate has been hiked from the erstwhile Rs …

Budget 2019 : Updates

There were many hopes from The Union Budget 2019, given that 2019 is an election year. The middle class was hoping for tax rate cuts and there was talk of ...

GST/ Service Tax : July updates

Goods and Service Tax Central Goods and Service Tax Act, 2017 (CGST), Integrated Goods and Service Tax Act, 2017 (IGST) Notifications- CGST Notification seeks to make amendments (Fourth Amendment) to ...

Budget 2017 : Capital Gain provisions changed

The process of computation and taxation of capital gains has seen a significant overhaul in this Budget. The changes made to the system are: Definition Capital assets had been defined ...

Budget 2017 : Measures to invoke a less cash India

Post demonetization it was expected that the Union Budget 2017 would have provisions to encourage cashless payment methods and further clamp down on the cash economy that contributes to our ...