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 […]

Budget 2016: Corporate Tax rate proposals

Latest Update of Budget 2016 by Mr. Jaitley:  New manufacturing companies incorporated on or after 1.3.2016 to be given an option to be taxed at 25% + surcharge and cess provided they do not claim profit […]

Budget 2016 Live : Stock Market Impact Live

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 Shyama Prasad 4 Mukherjee Rurban Mission

Latest Update of Budget 2016 by Mr. Jaitley: 300 Rurban Clusters will be developed under the Shyama Prasad Mukherjee Rurban Mission. Stay tuned with Budget Live Section of CA Corners for such updates.