Author Archive
Long Term Capital Gains Tax (LTCG)
Long term capital gain is the gain (profit) arising from transfer of a capital asset that the assessee was holding for more than 36 months immediately prior to its date of transfer. However, in select cases, the
Capital Gain and Capital Asset
Capital Gain is profit arising on transfer of capital asset. This gain is charged to tax under the head “Capital Gains”. Capital gain arises when certain assets like land properties, equity shares, units of mutual fund etc
Tax Free Incomes ( FY 2017-18, AY 2018-19)
Tax free income is the Income that is not subjected to taxation. The individual or corporate deriving the income may be a tax assesse and tax payee. However, there are certain legitimate incomes received by the tax
Budget 2018-19: Direct and Indirect Tax Proposals
Direct and Indirect Tax Proposals contained in the budget 2018-19 presented by Finance Minister Mr. Arun Jaitley indicate that the central government is not willing to pursue populism even in a pre-election budget. Direct and Indirect Tax
Indian Budge 2018-19- Proper Mix of Populism and Prudence
The Finance Minister Mr. Arun Jaitley, presented the budget for the FY 2018-19 on February 1, 2018. In the pre-election budget, Finance minister has taken earnest efforts to have a proper mix of populism and financial prudence.
Prompt Corrective Action (PCA) Framework by RBI
Prompt Corrective Action ( PCA) Framework is a set of policy action guidelines issued by Reserve Bank of India. Prompt Corrective Action framework provides guidelines on actions to be initiated when the financial condition of commercial banks
Economic Survey and Indian Economy-2018
The Economic Survey for 2017-18 expects the GDP growth to be 7-7.5% in 2018-19 compared to the 6.75% estimated for 2017-18. It projects India to retain the tag ‘the fastest growing major world economy’. At the same
Tez: Google Payment App
Tez is the Unified Payments Interface (UPI) based digital payment service launched by Google. It was launched o 18 September 20017. Tez means speed in Urdu.To capture a major share of the digital payment market in India,
Sovereign Gold Bond Scheme (SGB Scheme)
Sovereign Gold Bond scheme is an investment scheme announced by Government of India. The scheme is open for subscription from Monday to Wednesday of every week from October 09, 2017. The SGBs are issued for a period
GST council announces changes and date extensions for GST return filing
GST rate cut was the major announcement made by the Goods and Services Tax Council in its 23rd meeting in Guwahati. Apart from that a number of measures were also announced to ease compliance norms with regard