The basic principal governing behind GST is to have single Taxation System for Goods and Services across the country. Currently Indian economy has various taxes on Goods and services such as VAT, Service Tax, Excise, Entertainment Tax, Luxury Tax Etc. now in the new Proposal of GST; we will be having only two taxes on […]
The Direct Taxes Code (DTC) is said to replace the existing Indian Income Tax Act, 1961 will be rolled in 2014. The highlights of the Direct Taxes Code bill are Common threshold Income Tax limits and women proposed at 200,000 Rupees per annum (proposed), up from 180,000 10 per cent tax on annual income between […]
The Companies Act 2013 which is expected to be fully operational by April 2014, goes a long way in protecting shareholders’ interests and removes administrative burden in several areas. The Act brings modern regulations for the corporate sector and attempts to align with international requirements. There are many areas which are subject to rules that […]
The much-beloved India Caucus in the US House of Representatives organised the first-ever Diwali celebration on Capitol Hill recently, but it has also quietly deposited a very inauspicious gift at India’s door. It is called HR 15, a bill that if passed in its current form would essentially shut down Indian IT Companies or so reduce their […]