Budget 2016: “Sarva Shiksha Abhiyan”

Latest Update of Budget 2016 by Mr. Jaitley: Sarva Shiksha Abhiyan to increasing focus on quality of education. Stay tuned with Budget Live Section of CA Corners for such updates.  

Budget 2016: Raise the ceiling of tax rebate under section 87A

Latest Update of Budget 2016 by Mr. Jaitley: Raise the ceiling of tax rebate under section 87A from Rs.2000 to Rs.5000 to lessen tax burden on individuals with income upto Rs.5 laks. Stay tuned with Budget […]

Budget 2016: World-class Teaching and Research Institutions

Latest Update of Budget 2016 by Mr. Jaitley: Regulatory architecture to be provided to ten public and ten private institutions to emerge as world-class Teaching and Research Institutions. Stay tuned with Budget Live Section of CA […]

Budget 2016: Increase the limit of deduction of rent paid under section 80GG

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 […]

Budget 2016: The recommendations of the 14th Finance Commission

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 […]

Budget 2016: TDS Limits Changes

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 […]

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 […]

Union Budget 2016 Live : Highlights Updates & Analysis

Today, 29th February, a day of Union Budget, 2016 (2016-17) for Narendra Modi lead BJP Government. Finance Minister Arun Jaitley will present his third General Budget. There are many indications during the recent past to suggest that […]

Budget 2016: Under the Deen Dayal Antyodaya Mission

Latest Update of Budget 2016 by Mr. Jaitley: Every block under drought and rural distress will be taken up as an intensive Block under the Deen Dayal Antyodaya Mission. Stay tuned with Budget Live Section of […]