Cost Inflation Index for Capital Gain Calculation

Cost Inflation Index is very important for the calculation of Long Term Capital gain as per the provisions of Income tax Act, 1961. It should be worth noted that, while calculating Long term Capital Gain […]

SBI, BOI and Indian Bank 3rd Quarter FY 2015-16 | December-15 Results

India’s Leading Public Sector Banks State Bank of India, Bank of India and Indian Bank is to announce its Quarterly results for 3rd Quarter of FY 2015-16 i.e. Results for the quarter ending 31.12.2015 today […]

How to Check PAN Card Status Online

To Track your PAN/TAN Application Status, click on the followimg link. https://tin.tin.nsdl.com/tan/StatusTrack.html Acknowledgement number is required to track the status of PAN Card. However in absence of ACKNOWLEDGEMENT NUMBER, Complete name and Date of Birth […]

Union Budget 2016 Highlights

Budget 2016: Infrastructure cess Budget 2016: Surcharge to be raised from 12% to 15% on persons Budget 2016: Basic custom and excise duty… Budget 2016: 100% deduction of profits for 3 out of 5 years […]

Budget 2016: Infrastructure cess

Latest Update of Budget 2016 by Mr. Jaitley: Infrastructure cess, of 1% on small petrol, LPG, CNG cars, 2.5% on diesel cars of certain capacity and 4% on other higher engine capacity vehicles and SUVs. No credit […]

Budget 2016: Surcharge to be raised from 12% to 15% on persons

Latest Update of Budget 2016 by Mr. Jaitley: Surcharge to be raised from 12% to 15% on persons, other than companies, firms and cooperative societies having income above Rs.1 crore. Stay tuned with Budget Live Section of […]

Budget 2016: Basic custom and excise duty…

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.  

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: 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 […]