Home / CA (page 3)

CA

Budget 2017: Good news for insurance commission agent

defautl-featured-image

Enabling of Filing of Form 15G/15H for commission payments specified under section 194D The existing provision of sub-section 194D of the Act, inter-alia, provides for tax deduction at source (TDS) at the rate of 5% for payments in the nature of insurance commission beyond a threshold limit of Rs. 15,000 ...

Read More »

Budget 2017: extension of time limit to claim MAT credit

defautl-featured-image

Section 115JAA contains provisions regarding carrying forward and set off of tax credit in respect of Minimum Alternate T ax (MAT) paid by companies under section 115JB. Currently, the tax credit can be carried forward upto tenth assessment years. With a view to provide relief to the assessees paying MAT, ...

Read More »

Budget 2017: Tax exemptions to start up

defautl-featured-image

The existing provisions of section 80-IAC, inter alia, provide that an eligible start-up shall be allowed a deduction of an amount equal to one hundred per cent of the profits and gains derived from eligible business for three consecutive assessment years out of five years beginning from the year in ...

Read More »