Budget 2016: Revenue Deficit Target…

Latest Update of Budget 2016 by Mr. Jaitley: Revenue Deficit target from 2.8% to 2.5% in RE 2015-16. Stay tuned with Budget Live Section of CA Corners for such updates.  

Budget 2016: Phasing out deduction under Income Tax

Latest Update of Budget 2016 by Mr. Jaitley:  Accelerated depreciation wherever provided in IT Act will be limited to maximum 40% from 1.4.2017.  Benefit of deductions for Research would be limited to 150% from 1.4.2017 […]