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Relevant Budget Highlights FY 2020-21

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her Budget Speech today and presented the Union Budget 2020-21 before the Parliament. The key highlights of Union Budget 2020 are as follows: A) Tax Slabs – First and foremost, the tax slabs have NOT been revised this year. Instead, the government has Read More …

E-Way Bill Rollout Deferred

In view of difficulties faced by the trade in generating e-way bill due to initial tech glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra-State movement of goods. It shall be made compulsory from a date to be announced— GST@GoI (@askGST_GoI) February 1, 2018

Union Budget, 2018 Highlights

Positive Highlights- For salaried employees, a standard deduction of Rs 40,000 to be allowed in lieu of transport allowance and medical expenses.Thus, benefits of Transport Allowance to the extent of Rs.19,200/- & Medical Allowance to the extent of Rs.15,000/- (aggregating to Rs.34,200/-) are being withdrawn. Net benefit to the salaried taxpayers Rs.5,800/– Corporate tax reduced Read More …