Last updated : 8th February, 2019 Finance Minister Piyush Goyal presented the Budget for 2019-2020 in Parliament on 1st Feb 2019. Following are the highlights of his speech: Personal Taxation No income tax for those who earn up to Rs 5 lakh annually! (increased from current Rs 2.5 lakh)
Last updated : 18th June, 2018 Arun Jaitley presented the Budget for 2018-19 in Parliament on 1st Feb 2018. Following are the highlights of his speech: Income Tax No change in personal income tax slabs and rates; Surcharge of 10% on income above Rs 50 lakh but less than
Last updated : 11th June, 2017 Quick Guide for GST rates for India in 2017 Here is the complete updated list: Gold and rough diamonds do not fall under the current rate slab ambit and will be taxed at 3% and 0.25% respectively. No tax Goods No tax will be
Last updated : 11th June, 2017 GST will replace multiple indirect taxes and will improve taxation efficiency. Most of the goods are placed under four rates of GST – 5%, 12%, 18% and 28%. Read another post on GST rates for various items in India List of stocks that could
Last updated : 14th May, 2017 The government, under the Finance Act 2017, has made it mandatory for taxpayers to quote Aadhaar or enrollment ID of Aadhaar application form for filing of income tax returns (ITR).Also, Aadhaar has been made mandatory for applying for permanent account number with effect from
Last updated : 14th May, 2017 The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar. Responding to grievances of taxpayers regarding difficulties in linking PAN with Aadhaar their names did not match in both systems (Eg. Names with initials in one and expanded
Last updated : 14th May, 2017 Government has made it mandatory to link Aadhaar card to your PAN before 30 July otherwise, PAN card may be rendered invalid. However, a case is pending in Supreme court to challenge its constitutional validity. To be on safer side, you may want to
Last updated : 26th April, 2017SEBI has issued guidelines for using e-wallets in Mutual funds investment. After demonetisation many people are using e-wallets and it will make it easier for them if mutual funds investment is allowed via e-wallet. Following are the guidelines: Investment upto Rs 50000 per mutual fund
Last updated : 25th April, 2017CBDT has issued statement that all bank accounts that were opened between July 1 2014 and August 31 2015 require submission of self-certification forms by 30th April 2017. If you do not submit it within time then the accounts will be blocked. This self-certification is
Last updated : 7th April, 2017 In Jan 2017, CBDT has amended the Income Tax rules and asked all banks to link PAN or Form 60 to all existing bank accounts by 28-Feb-2017. However, now the deadline is extended to 30th June 2017. If you have not yet provided PAN