Finance Act Changes applicable, effective from 2016 June 1

Finance Act Changes applicable, effective from 2016 June 1 Major 30  Changes Listed Here  1. Electronic Hearing under Income Tax law enabled 2. Document required to be issued by an Income Tax Authority can be issued in paper form or communicated in electronic form 3. Equalizatio…

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Finance Act 2016 - Service Tax - Krishi Kalyan Cess - Equalisation Levy

Finance Act 2016 - Service Tax - Krishi Kalyan Cess - Equalisation Levy Tax Quest by K. VAITHEESWARAN  Advocates & Tax Consultants Chennai, India. SERVICE TAX Finance Act, 2016 has effected a number of changes that are effective from 01.06.2016 and this alert seeks to provide…

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Take my salary, give me all my taxes..!

Dear Government, Take my salary, give me all my taxes Dear Mr Arun Jaitly FM, This budget has proved that it is anti Middle Class. The poor are taken care of by freebies and no taxes and  the rich don’t care about taxes as they earn huge salaries. We the middle class i…

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Mutual Fund Investment: Capital Gains & Indexation

Mutual Fund Investment: Capital Gains & Indexation By FundsIndia.com , Mutual Fund Research Desk Over the last couple of weeks, we looked at how mutual funds are taxed. We spoke about indexation benefit being available for long term capital gains in debt funds. What is ind…

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