Budget 2017: Expanding the scope of 54EC bond

The existing provision of section 54EC provides that capital gain to the extent of Rs. 50 lakhs arising from the transfer of a long-term capital asset shall be exempt if the assessee invests the whole or any part of capital gains in certain specified bonds, within the specified time. Currently, …

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Budget 2017: Capital gain tax on sale of immovable property

The existing provision of the Act provide for concessional rate of tax and also indexation benefit for taxation of capital gains arising from transfer of long-term capital asset. To qualify for long-term asset, an assessee is required to hold the asset for more than 36 months subject to certain exceptions, …

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GST enrollment open to Service Tax Payers

Attention !! Service Tax Payers!! Have you updated your Mobile Number and E-mail ID on Did you know that the provisional ID for registration in GST Network and the related OTPs(One Time Password) will be sent to the Mobile Number and E-mail ID registered on  It is important …

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GST Enrolment – An appeal to Karnataka VAT dealer

You are all aware that Goods and Services Tax law is being implemented all over the country. The Karnataka commercial taxes department has made all preparations to facilitate hassle-free and smooth transition to GST for all dealers registered under VAT, Entertainment Tax and Luxuries Tax in the State. The duration …

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13 things you need to know about BHIM App for Digital Payment

Prime Minister Narendra Modi on Friday launched an Aadhaar-based mobile payment application BHIM App at Digi Dhan Mela to promote and make digital transactions easier. Here are 13 things you need to know about the BHIM app for digital payment: What is BHIM: Bharat Interface for Money (BHIM) is an initiative to enable cashless …

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