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Simplification and Rationalization of Taxation

Budget - Dated:- 29-2-2016 - While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the Government has already accepted many recommendations of Tax Administration Reform Committee. He fu .....

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which revenue collection is less than ₹ 50 crore in a year, is proposed. Measures to rationalize TDS provisions for Income Tax have been proposed to improve cash flow position of small tax payers who get their funds blocked due to current TDS p .....

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n of return hitherto available to service tax assesses only will be extended to Central Excise assesses also. Additional options for reversal of input tax credits with respect to non-taxable services provided by banking companies and financial instit .....

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