posted on 08 February, 2021
IndiaSpend, data analysis agency writes for Expert Speak to uncover the real numbers behind Budget 2015. Fact: The 2015-16 Budget sees a 19% cut in the overall allocation towards women from last financial year. The total budget for the Ministry of Women and Child development is le...
posted on 10 February, 2021
Railway Minister Mr. Suresh Prabhu announced the Railway Budget 2016-17 on 25th February 2016, with a plan of Rs. 1,21,000 crores. The plan proposed several things like keeping the fares same, and also suggested emphasis on finishing all ongoing projects over starting new ones. Here are...
posted on 09 March, 2021
The Budget presentation was preponed so as to allow enough time for the different departments of the government to access their allocations and put them to work as soon as the new fiscal year starts. The Finance Minister Arun Jaitley presented the Union Budget 2017 on 1st of February. ...
posted on 09 March, 2021
A notice from the Income Tax department can be stressful, especially because many of us do not understand what it entails or what needs to be done in response. To get a clearer understanding of the situation, we spoke to financial experts CA Rishabh Parakh, and he outlined a few steps ...
posted on 09 March, 2021
In our previous article, we told you the circumstances under which you could get an IT notice. Read further as we tell you how to make sure you do not get an IT notice. The Income Tax department becoming net savvy and going online has made it easy it for them to identify discrepanc...
posted on 09 March, 2021
Any communication from the Income Tax department, be it a simple enquiry or an intimation or receiving a notice, can be unnerving. Recently, the Income Tax department issued 7 lakh letters to those who have entered into high value transactions without quoting PAN – transactions l...
posted on 09 March, 2021
Most taxpayers pay their taxes well before the end of the financial year i.e. 31st March. For salaried employees, it gets deducted through TDS and gets paid in regular instalments round the year. But when it comes to filing for Income Tax returns, many taxpayers tend to miss the deadli...
posted on 09 March, 2021
The government has recently introduced the Krishi Kalyan Cess to fund programmes for the welfare of farmers. On June 1, 2015 Service Tax rates were hiked from 12.36% to 14%. The Swachha Bharat Cess was also introduced at the rate of 0.5% from 15th November last year. With the introduct...
posted on 09 March, 2021
The CBDT (Central Board of Direct Taxes) has introduced a new form (Form 12 BB) for claiming tax deduction towards LTA, LTC, HRA & interest paid for home loans. The new form mandates people to furnish proof of travel while claiming LTA, LTC, and details of landlord in case of HRA c...
posted on 09 March, 2021
The Budget plan for the financial year 2016-17 came into effect from the 1st of April. To understand how this new budget will affect the lives of common people, we spoke to financial expert CA Rishabh Parakh, and created this video based on his inputs. Watch this video to know how ...