Tag Archives: Budget 2017

Rebate under Section 87A reduced to Rs 2500 for AY 2018-19

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Rebate under Section 87A reduced to Rs 2500 for AY 2018-19. Budget 2017 – Rebate reduced to Rs 2500 under Section 87A. Rationalization of rebate allowable under Section 87A. This amendment will take effect from 1st April, 2018. Union budget 2017 is presented by Arun Jaitley on 01-02-2017. As per New Finance bill 2017 Rebate under Section 87A reduced […]

Key Highlights of Maharashtra State Budget for FY 2017-18

Key Highlights of Maharashtra State Budget for FY 2017-18

Maharashtra State Budget 2017-18: In this Article, we shall go through the major changes in the Maharashtra VAT Act and Profession Tax Act vide Maharashtra State Budget for FY 2017-18. First Highlight of the Budget is the change in MVAT rates for the following items. Now check more details for “Key Highlights of Maharashtra State Budget for […]

CBDT Takes Steps to discourage Cash transactions & curb Black Money

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CBDT Takes Steps to discourage Cash transactions in India. Budget 2017 takes Steps to discourage Cash transactions & curb Black Money. Various legislative steps have been taken by the Finance Act, 2017 to curb black money by discouraging cash transaction and by promoting digital economy. बैंक-पोस्ट ऑफिस से कर सकेंगे 2 लाख से ज्यादा का […]

Transfer pricing secondary adjustments – Section 92CE All Details

Transfer pricing secondary adjustments

Transfer pricing secondary adjustments – Section 92CE. Budget 2017 introduces secondary adjustments in transfer pricing. Practical Discussion On Secondary Adjustment On Outstanding Receivables. Check Latest amendments made by Finance Budget 2017, Key Analysis of Section 92CE as per Budget 2017. Budget  Check Detailed Analysis for Transfer pricing secondary adjustments from below….. Latest Amendment by Budget 2017 It is […]

Tax Audit Limit U/s 44AB Increased From 1 Crore to 2 Crore AY 2017-18

Tax Audit Limit U/s 44AB Increased From 1 Crore to 2 Crore for business

Tax Audit Limit U/s 44AB Increased From 1 Crore to 2 Crore. Exemption for audit of accounts u/s 44AB increased to Rs 2 crore. Tax Audit Limit U/s 44AB Increased for Business Persons. Hi Friends in union budget 2017 Tax Audit Limit U/s 44AB increased  from 1 crore to 2 crore for business. Tax Audit Limit U/s 44AB Increased From […]

Ache Din for Digital Economy, All amendments made by finance bill 2017

Ache Din for Digital Economy

Union Budget 2017- Ache Din for Digital Economy. Contains all amendments made by finance bill 2017 in order to promote digital transactions, A Step Towards Digital Economy: In India, the quantum of domestic black money is huge which adversely affects the revenue of the Government creating a revenue crunch. Black money is generally transacted in cash […]

Revised Fee for Delayed Filing of Income Tax Return – Budget 2017

Revised Fee for Delayed Filing of Income Tax Return

Revised Fee for Delayed Filing of Income Tax Return – Budget 2017. Fee for delayed filing of return under Income tax act 1961. Union budget 2017 is presented by Arun Jaitley on 1st February 2017, In this budget govt revised Fees for Delayed Filing of ITR, Please check more details for “Revised Fee for Delayed Filing of […]

TDS Rates U/s 194J Reduced from 10% to 2% by Finance Bill 2017

TDS Rates U/s 194J Reduced from 10% to 2%

TDS Rates U/s 194J Reduced from 10% to 2% by Finance Bill 2017.  TDS rates reduced to 2% u/s 194J for Call Center business. Simplification of the provisions of tax deduction at source in case Fees for professional or technical services under section 194J. Check More details from following link… TDS Rates U/s 194J Reduced […]

Cash Expenses Limit Reduced from Rs 20000 to Rs 10000 u/s 40A(3)

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Cash Expenses Limit Reduced from Rs 20000 to Rs 10000 u/s 40A(3). As per Budget 2017 – Limits reduced to Rs 10000 from 20000 for cash expenses u/s 40A(3). Cash Expenses Limit u/s 40A(3) is Reduced from Rs 20000 to Rs 10000 u/s 40A(3). Union budget 2017 is presented by Arun Jaitley on 1st Feb 2017. As per New […]

Restriction on set-off of loss from House property : Section 71(3A)

Restriction on set-off of loss from House property 2

Section 71(3A) Restriction on set-off of loss from House property. Understand New rule as per Budget 2017 on set off of loss from House property with Practical Example. Section 71 – The set-off of loss under the head “Income from house property” against any other head of income shall be restricted to two lakh rupees for […]