Income Tax | GST | Accounting
Income Tax | GST | Accounting
Health and Education Cess Not Allowed As Business Expenditure ‘Health and Education Cess’ is not allowed as business expenditure. This was clarified by Smt Nirmala Sitharaman, Union Minister of Finance while presenting the Union Budget in the Parliament today. The Union Finance Minister stated that the income-tax is not an allowable expenditure for computation of […]
Co-Operatives to Pay Alternate Minimum Tax and Surcharge at Reduced Rate Of 15% And 7% Respectively The Government, in order to provide a level playing field between co-operative societies and companies proposes to reduce the Alternate Minimum Tax rate for co-operative societies to 15 per cent from the current 18.5 per cent announced the Union […]
Taxpayers Can File Updated Income Tax Return within 2 Years The Government proposes to permit taxpayers to file an updated return on payment of additional tax within two years from the end of the relevant assessment year announced the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman while presenting the Union Budget 2022-23 in […]
Highlights of Budget 2022-23 – Direct and Indirect Tax The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all-inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget (Direct and Indirect Tax) […]
KEY HIGHLIGHTS OF THE ECONOMIC SURVEY 2021-22 The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament today. The highlights of the Economic Survey are as follows: State of the Economy: Indian economy estimated to grow by 9.2 percent in real terms in 2021-22 (as per first […]
