Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2018-19 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2018-19 or AY 2019 -20. Kindly note that there has been no changes made to personal Income tax structure. (FY is Financial Year and AY is Assessment Year) Latest Income Tax Slab Rates FY […]
Business & Politics
Electoral Bonds for Political Funding : Details & Rules
The Union Government in last year’s budget session (2017) had capped anonymous cash donations to political parties at Rs 2,000 and indicated that Electoral Bonds scheme would be rolled out for political funding. The Govt has now notified the rules and guidelines for Political funding through electoral bonds on 2nd Jan, 2018. So, what are […]
GST & its impact on Diesel and Petrol prices!
India imports a major part (around 70%) of its crude oil requirement. The import bill was around Rs 4,70,000 crore for the Financial year 2016-17. The average price of Indian basket of crude in 2015-16 was $ 46.17/barrel, the lowest since 2004-05. (1 barrel of crude = 159 liters ) Decline in crude oil prices helps the government manage its finances […]
Pradhan Mantri Bhartiya Jan Aushadhi Yojana – Govt’s Low cost & Affordable Generic Drugs!
All of us need medicines at some time or the other for – treatment/cure of various diseases, controlling worsening of illnesses, alleviating symptoms (or) for prevention. It is a well-known fact that branded medicines are generally sold at significantly higher prices in India. We all feel the pinch of it! When we get fever, we […]
Benami Properties – Definition, Exceptions & Penalties | Linking Aadhaar to Property documents, a good solution?
Black money, Demonetization, Benami, Aadhaar etc., are few of the most searched words on internet these days. After the surgical strike on black money through demonetization in November 2016 , the govt has made it intentions very clear and has warned benami property holders that their next step would be against them. Of-late, you must […]
Budget 2017 : 15 Key Direct Tax proposals that You need to be aware of!
Indian Finance Minister, Shri Arun Jaitley has tabled the Union General Budget 2017-18 in the Parliament on 1st Feb, 2017. This year, both, the General Budget and the Railway Budget have been combined and presented as a single budget. I have tried to list down some of the important Personal and Direct Tax proposals in this […]
