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UNION BUDGET 2018 2018  By Vinay N Sanji   Co. Chartered Accountants
CONTENTS BUDGET FLASH  ----------- 1  ECONOMIC SURVEY ----------- 2 DIRECT TAX  ----------- 4  COMPANIES ACT  ----------- ...
Budget FLASH     No personal Income Tax changes proposed in budget     Corporate Tax of 25  extended to companies with tur...
Union Budget 2018 ECONOMIC SURVEY 2017-18 IMPORTANT FACTS ON THE INDIAN ECONOMY a. Large increase in registered Indirect a...
Union Budget 2018 HIGHLIGHTS OF ECONOMIC SURVEY Head  Outlook  Taxpayers  50  increase in number of indirect taxpayers  GD...
Union Budget 2018 DIRECT TAX RATES OF TAXES  No changes were proposed in respect of Non Corporate entities. Concessional r...
Union Budget 2018 CHARITABLE INSTITUTIONS Any expenditure  capital and revenue  incurred by a Charitable Trust in respect ...
Union Budget 2018 ICDS Provisions  Consequent to observation by several courts on applicability of ICDS provisions for tre...
Union Budget 2018 INCOME FROM OTHER SOURCES Relaxation on Taxation of purchaser of immovable property for inadequate consi...
Union Budget 2018 Insertion of new Section 80PA In order to incentivize the Agricultural sector, producer companies having...
Union Budget 2018 COMPANIES ACT, 2013 IMPORTANT AMENDMENTS TO THE COMPANIES ACT, 2013 AND RULES Subject  Amendments  Appli...
Union Budget 2018 IMPORTANT AMENDMENTS OF COMPANIES  AMENDMENT  ACT, 2017  Received the assent of President of India on 3r...
Union Budget 2018 Subject  Amendments  Extract of Annual Return  No need to attach  extract of annual return to Board   s ...
Union Budget 2018 Subject Managerial Remuneration  Amendments i. The requirement of approval of the Central Government for...
Union Budget 2018 Subject  Amendments  Disqualifications for  If a person is appointed as a director of defaulted company,...
Union Budget 2018 Subject  Amendments iii.  Any loan made by a holding company to its wholly owned subsidiary company or a...
Union Budget 2018 INDIRECT TAX IMPORTANT CHANGES IN GOODS AND SERVICE TAX     TILL 01ST FEB, 2018 1.  Extension in Due dat...
Union Budget 2018 Tax Credit is claimed, he must reverse the same. In case of in sufficient credit balance, the same must ...
Union Budget 2018 2. Tour operator is now eligible to take input tax credit if procuring services from another tour operat...
Union Budget 2018 k. Sprinklers  drip irrigation system including laterals  mechanical sprayer   s taxable  6 . l.  Sanita...
Union Budget 2018  19
Union Budget 2018 E Way Bill E-Way bill is made effective from 01-02-2018. Overview of the same is given below     a. E-wa...
UNION BUDGET 2018 2018  By Vinay N Sanji   Co. Chartered Accountants