Budget & Its Effect on International Tax

On 1st February 2017, the Finance Minister Arun Jaitley presented the Budget 2017. On a personal level, most taxpayers expected a big cut in the taxes but they were happy with the rebate that the taxpayers got. Coming to the business front, many companies have spread across tax jurisdictions and the main concern was taxing revenues from them based on the existing tax rules. Budget 2017 brought a lot of changes to address the challenges and bring clarity to the international taxation. Continue reading

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Tips to a successful tax return

As the time to pay the tax comes closer, we all get stressed, as it is a confusing task. Nonetheless, we all still agree on one thing, that it is important to pay our dues and they serve their purpose.

The majority of the citizens are unaware as to how to pay the tax and this is why they end up either not paying or paying the incorrect amount. But, don’t worry; we are right here to rescue you from such situations. Here are a few suggestions that can help you reduce the stress that you have: Continue reading

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Budget Impact on Startups and E- Commerce Sector

This year’s budget turned out to be in line with the government’s vision and policies so far. The announcements regarding the startups impacted it both directly and indirectly. Here are the top announcements concerning startups:

Tax break
The time period of profit-linked deductions available to the startups has been increased to 7 years from the current 5 years. However, the tax breaks are still available on the profits made by startups for three years. Continue reading

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GST and economic growth

The goods and services tax (GST) is important as it acts as a stimulant for the much needed economic growth. There is a lot of apprehension relating to the proposed GST regime and its effect on the Indian Economy.

Taxation both direct and indirect promotes economic growth as well as equitable distribution. GST transforms the existing basis of indirect taxation towards free flow of goods and services within the economy. The expectation from the GST is high. Continue reading

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Budget Impact on Infrastructure Sector

The Budget 2017 laid emphasis on the infrastructure sector as well. The last three budgets have made it clear that the government has finally realized the importance of focussing on the infrastructure sector as well.

This year the expectations regarding the infrastructure were high from budget 2017 and the expectations were met. Infrastructure mainly roads and railways remain at the forefront of the budget. A budget of Rs 3.96 lakh crore was allocated to the sector which is 10% over  FY17 revised estimate. Continue reading

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