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This is a news of happiness for all the business entities as the ministry of finance (MoF) has released them from service tax on certain services including passport and licence etc. Now the commercial institutions would not need to pay service tax on certain public services that are provided by the government and local authorities. […]
Announced on Monday, the Budget 2016-17 has been reported by the Union Finance Minister Arun Jaitley who spoke about the various income tax proposals for small tax payers, corporate tax, pension, tax exemptions and rationalisation of taxes. It has been said that one of the chief purposes behind this altered tax regime is to boost […]
The Fourteenth Finance Commission (FFC) has reported in Parliament that the income of Union Tax has been raised by 42 per cent. This is the biggest increment after the 13th Finance Commission, on that time the State Share of Union Tax is 32 per cent. The constitution of Finance Commission of India changes in every five […]
