How is the budget? The corporate world says it’s great! Ask the middle class and they say both the rich and the poor are benefitted while they are left high and dry. Day traders and traders in Stocks are unhappy due to the increased tax rates. Several amendments have been …
Read More »Finance Bill 2015 gets President’s Assent but Service Tax rate remains at 12.36% till the date is notified.
The rate of Service Tax is being increased from 12.36% to 14%. The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015. On 14th May 2015, the Finance Bill got the assent of …
Read More »Budget highlights Penal interest beats the off-market rates
Penal Interest – Are you a service tax payer? Is there any delay in payment of taxes to the Government? If so, there is real bad news. The Government, through this budget has increased the penal interest applicable from 1st Oct 2014 If the delay is up to 6 months …
Read More »Why Railway budget is presented separately?
Yesterday I had posted my wish list for the Union budget. Today I am writing about my wish list for the Railway budget. I wish this is the last railway budget presented in India! I wish railway budget concept itself is scrapped. Dear PM, as you have merged ministries, please …
Read More »Union Budget – my wish list
Financial Times, Business News channels and even my mailbox is filled with mails from several experts, industry leaders, industrial bodies, farmers associations etc. Taxpayers wish that taxes are lowered; farmers wish that agricultural Minimum Support Price (MSP) is increased, Vodafone wants ‘retrospective amendments stopped’ and so on. Therefore I am …
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