We here present you the Key highlights of the tax proposals of Modi government’s fifth and last full Budget for the year 2018-19 presented in the Parliament by Sri Arun Jaitley, Minister of Finance and Corporate Affairs, Government of India. TAX PROPOSALS No change in the structure of the income tax rates for individuals. For […]
Introduction The UAE is implementing levy of Value Added Tax (VAT) from January 2018. For this the Federal Decree-Law No. (8) of 2017 on VAT has already been passed by the Government. The VAT Law in UAE is framed in accordance with the GCC VAT Framework. All GCC Member States have agreed to charge tax […]
Place & Time of Supply Goods & Services Tax (GST) was introduced as The Constitution (101stAmendment) Act 2016, following the passage of Constitution 122ndAmendment Bill and is governed by GST Council and its Chairman being the Finance Minister of India – Shri. Arun Jaitley. India launched its biggest ever Indirect Tax regime – GST, thus being rolled […]
Finance Minister Arun Jaitley presents his third Union Budget on Monday 29th of February, 2016. With an eye on supporting the small tax-payer and the small investor, the Minister announced a slew of schemes, and income tax exemptions.Finance Minister Arun Jaitley in his Budget 2016 speech outlined the nine pillars on the basis of which […]
The new format of Income Tax Return (ITR) forms that was withdrawn by the government in wake of complaints over providing details of foreign trips, domestic bank account number, etc is being revised to make it simpler. A special team of officials from the CBDT is working on it in consultation with the Income Tax […]
Kerala Budget Highlights 2015
Freebies for medical practitioners and their professional associations will be taxed..!! Expenditure on freebies for medical practitioners and their professional association’s incurred by pharmaceutical and allied health sector industries will not be allowable anymore as deductible expenditure towards taxable income. Those who accept the freebies will also be taxed for its value. This has been […]
The Ministry of Corporate Affairs vide Circular Number 14/2012 dated 21.06.2012 had imposed fees on certain forms which were charged Nil fees earlier. This circular will come into effect from 22nd July, 2012. Anyway, the last date for filing the Form 23B without fee has been extended upto 4th August, 2012. Fee shall be charged […]
BOBY, FRANCIS & PRADEEP is a Chartered Accountant Firms Cochin,an excellent financial consultant registered with The Institute of Chartered Accountants of India (ICAI), New Delhi. The firm is one among theTop CA firm cochin was established in the year 1993 at Kochi, South India. With a track record of over 18 years, the firm is […]