Latest Update of Budget 2016 by Mr. Jaitley: Increase the limit of deduction of rent paid under section 80GG from Rs.24000 per annum to Rs.60000, to provide relief to those who live in rented houses. Stay […]
Latest Update of Budget 2016 by Mr. Jaitley: 100% deduction of profits for 3 out of 5 years for startups setup during April, 2016 to March, 2019. MAT will apply in such cases. Stay tuned with […]
Latest Update of Budget 2016 by Mr. Jaitley: Rs.2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municipalities as per the recommendations of the 14th Finance Commission. Stay tuned with Budget Live […]
It is proposed to amend section 206AA of the Income-tax Act so as to provide that TDS shall not be deducted at a higher rate in case of non-residents not having PAN, subject to prescribed condition. Section […]
Latest Update of Budget 2016 by Mr. Jaitley: Basic custom and excise duty on refrigerated containers reduced to 5% and 6%. Stay tuned with Budget Live Section of CA Corners for such updates.