Private Bodies to Act as incubators under Start-Up India Under the Start-Up India action plan the Governemt has certified Nasscom and iSprit along with other 18 Private organisations. To Act as Incubators currently government is running 278 Incubators which are allowed are certifies and recomend startup. Nasscom will provide sector – specific services in their […]
Last Date for filing TDS return Rule 31A Income Tax Act Ammended with effect from 1st June 2016 has change the last date of filing TDS return for each quarter as follows; Q1 31st July Q2 31st October Q3 31st January Q4 31st May filing TDS return
Revised Budget: Overall deficit: Rs. 711.38 cr. Additional Resource Mobilisation: Rs. 805 cr. Additional expenditure announced: Rs. 730.10 cr. Concessions: Rs. 5 cr. Cumulative deficit: Rs. 746.69 cr. Startup & IT will get boost Rs 25 crore for 1000 start-ups Rs 110.54 crore has been allocated for the development of MSMEs, business incubators and start-ups Rs […]
CBDT vide the press release dated 06/07/2016 has informed public that ICDS shall be applicable from 01/04/2016 ie. previous year 2016-17 ( Assessment year 2017-18). The link is given below; Computation and Disclosure Standards (ICDS)
The word “Support Services” was substituted with all services vide The Finance Act 2015, which was made effective from 01.06.2015. However, effective date of amendment of the section was notification w.e.f. 01.04.2016 thereby all services provided by the Government is subject to service tax on reverse charge basis. In my article published in our Bulletin […]
Input Tax Credit (ITC) is available for Goods & Services Tax (GST) paid or payable by a registered person on the purchases or expenses incurred for the business activities. Criteria To Claim Input Tax Credit (ITC) You must be a registered person, that’s taxable person. The goods or services must have been acquired in the […]
Ammendments in TDS shall be substituted w.e.f 01/06/2016 TDS rates ammended by CBDT notification number 30/2016 dated 29/04/2016
Implementation Of GST May Boost FMCG Prospects In 2016
The Union Cabinet on Wednesday cleared a Rs 10,000-crore fund for startup companies and a mega spectrum auction that is likely to fetch about Rs. 5.66 lakh crore to the exchequer. Finance Minister Arun Jaitley also said the Cabinet had approved Rs 6,000-crore aid for apparel manufacturing. The government said the move will create around […]
Union Cabinet on Wednesday cleared a Rs 6,000 crore special package for the sector. The move, according to the government, would create 1 crore new jobs in three years, in addition to attracting investments of $11 billion and generating $30 billion in exports. http://indianexpress.com/article/business/economy/textile-sector-gets-rs-6k-cr-package-to-create-1-cr-new-jobs-2870036/
