Corporate

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In Budget-2017 ,Major change has been made regarding calculation of Capital gain. One of them is that base year of cost inflation index has been shifted from 1981 to 2001.By doing this capital appreciation during 1981-2001 has been effectively exempted. For capital assets acquired before 01.04.2001,Market price or cost price as on 01.04.2001 is to…

Read More COST INFLATION INDEX 2001 SERIES RELEASED

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Service Tax Payment Due Date Service Tax Return Due Date: Service Tax Return is to be filed once every six month period in a financial year. 25th April is service tax return due date. For the 6 month period of October 2016 to March 2017, the due date for filing Service Tax Return is 25th…

Read More Service Tax Payment Due Date | Penalty for Late Payment of Service Taxes | Late Fees and Penalties for Filing Service Tax Return Late

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UNION BUDGET 2017: RESTRICTION ON CASH TRANSACTION Limit for disallowance of business expenditure made in cash is reduced from Rs 20,000 to Rs 10,000 made to a person per day. (Limit of Rs 35,000 for payment made to transporters however continues) Above disallowance is extended on capital expenditure also by restricting depreciation and Capital Expenditure…

Read More RESTRICTION ON CASH TRANSACTIONS – UNION BUDGET 2017