Our publication titled SIMPLIFYING UNION BUDGET – 2023 about some of significant amendments / changes proposed under Union Budget - 2023 in respect to Direct Taxes (Income Tax & International Taxations). We do hope that the same will enrich your knowledge. Regards, CA Ankit Gajjar

 

Frequently Used TDS Rates & Related Provisions - Financial Year 2022-2023 (AY 2023-24)

 

Frequently Used TDS Rates & Related Provisions - Financial Year 2021-2022 (AY 2022-23)

 

Frequently Used TDS Rates & Related Provisions - Financial Year 2020-2021 (AY 2021-2022)

 

Our Publication on Analysis of some of Significant Tax Proposals made under Union Budget - 2021. #Budget2021

 

Big Announcements in FM's Today's (20/09/2019) Press conference in Goa

1) Income Tax Rate for All Existing Companies reduced from peak rate from 25% & 30% to just 22%

2) Hence effective rate rate is reduced now from earlier 27.82% to 25.17%

3) To boost the Fresh Investment and to boost the make in India --- Income Tax Rate for New Private Limited Companies going to be incorporated on or after 01/10/2019 and going to start manufacturing activities before 31/03/2023 ...... will have option to pay income tax at just 15% ...... hence effective tax rate will be 17.01% only --- Theses companies are also not required to pay MAT.

4) General Minimum Alternate Tax (MAT) tax is also reduced from 18.5% to 15% for remaining existing companies.

MIMP : Losses to income tax revenue due to this announcements will be approx. Rs. 1.45 Lakh Crores. (Unbelievable)

Frequently Used TDS Rates & Related Provisions - Financial Year 2018-2019 (AY 2019-2020)