by user | Mar 2, 2019 | Masonry (3 columns), Portfolio (3 columns)
How do we determine whether IT services provided by us constitute export of service? As per Sec 2(6) of IGST Act: “Export of Services” means the supply of any service when,–– (i) The supplier of service is located in India; (ii) The recipient of service is located...
by user | Feb 15, 2019 | Masonry (3 columns), Portfolio (3 columns)
An NRI (Non-Resident Indian) with earnings both abroad and/or in India often faces difficulties in managing their finances. They also find it difficult to track bank accounts across countries, and also while repatriating money to their home country or family back in...
by user | Feb 10, 2019 | Masonry (3 columns), Portfolio (3 columns)
TAXABILITY OF LONG-TERM CAPITAL GAINS ON SALE OF LISTED EQUITY SHARES ETC. Long term capital gains(LTCG) arising from transfer of long term capital assets, being equity shares of a company or an unit of equity oriented fund or an unit of business trusts, is exempt by...
by user | Feb 10, 2019 | Masonry (3 columns), Portfolio (3 columns)
While there are no changes proposed in personal Income Tax rates and slabs, the Government has made certain key proposals to provide relief to small taxpayers, especially to middle class and salaried earners in the form of: Rebate on tax for total income of up to INR...
by user | Feb 5, 2019 | Masonry (3 columns), Portfolio (3 columns)
AGRICULTURE/FARM SECTOR Total allocation for the Agriculture sector has seen an increase of 73% over2018-19 (Revised estimate). The Government announced the Pradhan Mantri Kisan Samman Nidhi (PMKISAN) scheme, which will provide a guaranteed income of INR 6,000 per...
by user | Feb 1, 2019 | Masonry (3 columns), Portfolio (3 columns)
BUDGET 2018 HIGHLIGHTS – DIRECT TAXES TAX RATES No change in tax rates and basic exemption limit Tax rates continue to be same for A.Y. 2019-20 as applicable for A.Y. 2018-19. Further, there is no change in the basic exemption limit. Health and Education Cess:...
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