Income Tax Amendments Applicable from 01.04.2017 Posted on April 4, 2017 by ADMINLeave a Comment on Income Tax Amendments Applicable from 01.04.2017Key amendment in Income Tax Act applicable from from 01.04.2017 (1) Limit for Cash Expenditure (both, capital and revenue expenditure) reduced to Rs 10k per day in aggregate per person, earlier same was Rs 20k . Capital expenses paid in cash
UNION BUDGET HIGHLIGHTS 2017 Posted on February 1, 2017 by ADMINLeave a Comment on UNION BUDGET HIGHLIGHTS 2017AMENDMENT APPLICABLE FROM EXPLANATION Tax slab for individuals FY 2017-18 Income Tax Rate reduced from 10% to 5% for tax slab of Rs 2,50,000/- to Rs 5,00,000/- 194-IB : TDS on Rent 01st June 2017 -Applicable to Individuals or a
Penalty on professionals for furnishing incorrect information in reports Posted on February 1, 2017 by ADMINLeave a Comment on Penalty on professionals for furnishing incorrect information in reportsPenalty on professionals for furnishing incorrect information in statutory report or certificate The thrust of the Government in recent past is on voluntary compliance. Certification of various reports and certificates by a qualified professional has been provided in the