BUDGET-2021 HIGHLIGHTS

Tax proposals

1. Exemption from filing income tax returns for senior citizens (75 years and above) who only have a pension and interest income. The paying bank will deduct the necessary tax on their income.

2. Reducing time limit for reopening of income tax assessment

3. Constitution of a Dispute Resolution Committee for small taxpayers

4. Income Tax Appellate Tribunal to be made faceless

5. Increase in limit for tax audit for persons who carry out 95% of their transactions digitally

6. Eligibility for claiming tax holiday for start ups proposed to be extended by one more year

7 Dividend payment to REIT/InvIT to be exempted from TDS

8. Additional deduction of ₹1.5 lakh shall be available for loans taken up till 31 March 2022 for purchase of affordable house Pre filling of returns will also cover capital gains from listed securities, dividend income, etc.






Indirect Tax
GST Collection

  • Rationalisation of customs duty structure by eliminating outdated exemptions
  • Support to MSMEs hit by recent sharp rise in iron and steel prices and relief to metal recyclers
  • Rationalisation of duties on raw material inputs to man made textiles
  • Rationalisation of custom duty on gold and silver
  • Increase in duty on solar invertors and lanterns to promote domestic production
  • Agriculture Infrastructure and Development Cess on small number of items
Major allocation 

Ministry of Housing and Urban Affairs 54581
Ministry of Health and Family Welfare 73932
Ministry of Education 93224
Ministry of Railways 110055
Ministry of Road Transport and Highways 118101
Ministry of Agriculture and Farmers' Welfare 131531
Ministry of Rural Development 133690
Ministry of Home Affairs 166547
Ministry of Consumer Affairs, Food and Public Distribution 256948
Ministry of Defence 478196

Fiscal Position

Allowing a normal ceiling of net borrowing for the states at 4% of GSDP for 2021-22

Additional Borrowing ceiling of 0.5% of GSDP subject to conditions

NSSF loan to FCI for food subsidy to be replaced by making budget provisions ₹1,18,452 crore as Revenue Deficit grant to 17 states in 2021-22

Presenting the first ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that India’s fight against COVID-19 continues into 2021 and that this moment in history, when the political, economic, and strategic relations in the post-COVID world are changing, is the dawn of a new era – one in which India is well-poised to truly be the land of promise and hope.

 

The key highlights of the Union Budget 2021-22 are as follows:

 

6 pillars of the Union Budget 2021-22:

 

  1. Health and Wellbeing
  2. Physical & Financial Capital, and Infrastructure
  3. Inclusive Development for Aspirational India
  4. Reinvigorating Human Capital
  5. Innovation and R&D
  6. Minimum Government and Maximum Governance

 

  1. Health and Wellbeing

 

  • Rs. 2,23,846 crore outlay for Health and Wellbeing in BE 2021-22 as against Rs. 94,452 crore in BE 2020-21 – an increase of 137%
  • Focus on strengthening three areas: Preventive, Curative, and Wellbeing
  • Steps being taken for improving health and wellbeing:

 

  1. Vaccines

 

  • Rs. 35,000 crore for COVID-19 vaccine in BE 2021-22
  • The Made-in-India Pneumococcal Vaccine to be rolled out across the country, from present 5 states – to avert 50,000 child deaths annually

 

 

 

  1. Health Systems

 

  • Rs. 64,180 crore outlay over 6 years for PM AatmaNirbhar Swasth Bharat Yojana  a new centrally sponsored scheme to be launched, in addition to NHM
  • Main interventions under PM AatmaNirbhar Swasth Bharat Yojana:
  • National Institution for One Health
  • 17,788 rural and 11,024 urban Health and Wellness Centers
  • 4 regional National Institutes for Virology
  • 15 Health Emergency Operation Centers and 2 mobile hospitals
  • Integrated public health labs in all districts and 3382 block public health units in 11 states
  • Critical care hospital blocks in 602 districts and 12 central institutions
  • Strengthening of the National Centre for Disease Control (NCDC), its 5 regional branches and 20 metropolitan health surveillance units
  • Expansion of the Integrated Health Information Portal to all States/UTs to connect all public health labs
  • 17 new Public Health Units and strengthening of 33 existing Public Health Units
  • Regional Research Platform for WHO South-East Asia Region
  • 9 Bio-Safety Level III laboratories

 

  1. Nutrition

 

  • Mission Poshan 2.0 to be launched:
  • To strengthen nutritional content, delivery, outreach, and outcome
  • Merging the Supplementary Nutrition Programme and the Poshan Abhiyan
  • Intensified strategy to be adopted to improve nutritional outcomes across 112 Aspirational Districts

 

  1. Universal Coverage of Water Supply

 

  • Rs. 2,87,000 crore over 5 years for Jal Jeevan Mission (Urban) - to be launched with an aim to provide:
  • 2.86 crore household tap connections
  • Universal water supply in all 4,378 Urban Local Bodies
  • Liquid waste management in 500 AMRUT cities

 

  1. Swachch Bharat, Swasth Bharat

 

  • Rs. 1,41,678 crore over 5 years for Urban Swachh Bharat Mission 2.0
  • Main interventions under Swachh Bharat Mission (Urban) 2.0:
  • Complete faecal sludge management and waste water treatment
  • Source segregation of garbage
  • Reduction in single-use plastic
  • Reduction in air pollution by effectively managing waste from construction-and-demolition activities
  • Bio-remediation of all legacy dump sites

 

  1. Clean Air

 

  • Rs. 2,217 crore to tackle air pollution, for 42 urban centers with a million-plus population

 

  1. Scrapping Policy

 

  • Voluntary vehicle scrapping policy to phase out old and unfit vehicles
  • Fitness tests in automated fitness centres:
  • After 20 years in case of personal vehicles
  • After 15 years in case of commercial vehicles

 

  1. Physical and Financial Capital and Infrastructure

 

  1. Production Linked Incentive scheme (PLI)

 

  • Rs. 1.97 lakh crore in next 5 years for PLI schemes in 13 Sectors
  • To create and nurture manufacturing global champions for an AatmaNirbhar Bharat
  • To help manufacturing companies become an integral part of global supply chains, possess core competence and cutting-edge technology
  • To bring scale and size in key sectors
  • To provide jobs to the youth

 

  1. Textiles

 

  • Mega Investment Textiles Parks (MITRA) scheme, in addition to PLI:
  • 7 Textile Parks to be established over 3 years
  • Textile industry to become globally competitive, attract large investments and boost employment generation exports

 

  1. Infrastructure

 

  • National Infrastructure Pipeline (NIP) expanded to 7,400 projects:
  • Around 217 projects worth Rs. 1.10 lakh crore completed
  • Measures in three thrust areas to increase funding for NIP:
  1. Creation of  institutional structures
  2. Big thrust on monetizing assets
  3. Enhancing the share of capital expenditure

 

  1. Creation of  institutional structuresInfrastructure Financing
  • Rs. 20,000 crore to set up and capitalise a Development Financial Institution(DFI)  to act as a provider, enabler and catalyst for infrastructure financing
  • Rs. 5 lakh crore lending portfolio to be created under the proposed DFI in 3 years
  • Debt Financing by Foreign Portfolio Investors to be enabled by amending InvITs’ and REITs’ legislations

 

  1. Big thrust on monetizing assets
  • National Monetization Pipeline to be launched
  • Important asset monetization measures:
  1. 5 operational toll roads worth Rs. 5,000 crore being transferred to the NHAIInvIT
  2. Transmission assets worth Rs. 7,000 crore to be transferred to the PGCILInvIT
  3. Dedicated Freight Corridor assets to be monetized by Railways, for operations and maintenance, after commissioning
  4. Next lot of Airports to be monetized for operations and management concession
  5. Other core infrastructure assets to be rolled out under the Asset Monetization Programme:
    • Oil and Gas Pipelines of GAIL, IOCL and HPCL
    • AAI Airports in Tier II and III cities
    • Other Railway Infrastructure Assets
    • Warehousing Assets of CPSEs such as Central Warehousing Corporation and NAFED
    • Sports Stadiums

 

  1. Sharp Increase in Capital Budget
  • Rs. 5.54 lakh crore capital expenditure in BE 2021-22 – sharp increase of 34.5% over Rs. 4.12 lakh crore allocated in BE 2020-21 :
  • Over Rs. 2 lakh crore to States and Autonomous Bodies for their Capital Expenditure.
  • Over Rs. 44,000 crore for the Department of Economic Affairs to provide for projects/programmes/departments exhibiting good progress on Capital Expenditure
  1. Roads and Highways Infrastructure

 

  • Rs. 1,18,101 lakh crore, highest ever outlay, for Ministry of Road Transport and Highways – of which Rs. 1,08,230 crore is for capital
  • Under the Rs. 5.35 lakh crore Bharatmala Pariyojana, more than 13,000 km length of roads worth Rs. 3.3 lakh crore awarded for construction:
  • 3,800 km have already been constructed
  • Another 8,500 km to be awarded for construction by March 2022
  • Additional 11,000 km of national highway corridors to be completed by March 2022
  • Economic corridors being planned:
  • Rs. 1.03 lakh crore outlay for 3,500 km of NHs in Tamil Nadu
  • Rs. 65,000 crore investment for 1,100 km of NHs in Kerala
  • Rs. 25,000 crore for 675 km of NHs in West Bengal
  • Over Rs. 34,000 crore to be allocated for 1300 km of NHs to be undertaken in next 3 years in Assam, in addition to Rs. 19,000 crore works of NHs currently in progress in the State
  • Flagship Corridors/Expressways:
  • Delhi-Mumbai Expressway – Remaining 260 km to be awarded before 31.3.2021
  • Bengaluru-Chennai Expressway – 278 km to be initiated in the current FY; construction to begin in 2021-22
  • Kanpur-Lucknow Expressway  63 km expressway providing an alternate route to NH 27 to be initiated in 2021-22
  • Delhi-Dehradun economic corridor – 210 km to be initiated in the current FY; construction to begin in 2021-22
  • Raipur-Vishakhapatnam – 464 km passing through Chhattisgarh, Odisha and North Andhra Pradesh, to be awarded in the current year; construction to start in 2021-22
  • Chennai-Salem corridor – 277 km expressway to be awarded and construction to start in 2021-22
  • Amritsar-Jamnagar – Construction to commence in 2021-22
  • Delhi-Katra – Construction will commence in 2021-22
  • Advanced Traffic management system in all new 4 and 6-lane highways:
  • Speed radars
  • Variable message signboards
  • GPS enabled recovery vans will be installed

 

  1. Railway Infrastructure

 

  • Rs. 1,10,055 crore for Railways of which Rs. 1,07,100 crore is for capital expenditure
  • National Rail Plan for India (2030): to create a ‘future ready’ Railway system by 2030
  • 100% electrification of Broad-Gauge routes to be completed by December, 2023
  • Broad Gauge Route Kilometers (RKM) electrification to reach 46,000 RKM, i.e. 72% by end of 2021
  • Western Dedicated Freight Corridor (DFC) and Eastern DFC to be commissioned by June 2022, to bring down the logistic costs – enabling Make in India strategy
  • Additional initiatives proposed:
  • The Sonnagar-Gomoh Section (263.7 km) of Eastern DFC to be taken up in PPP mode in 2021-22
  • Future dedicated freight corridor projects 
  • East Coast corridor from Kharagpur to Vijayawada
  • East-West Corridor from Bhusaval to Kharagpur to Dankuni
  • North-South corridor from Itarsi to Vijayawada
  • Measures for passenger convenience and safety:
  • Aesthetically designed Vista Dome LHB coach on tourist routes for better travel
  • High density network and highly utilized network routes to have an indigenously developed automatic train protection system, eliminating train collision due to human error

 

  1. Urban Infrastructure

 

  • Raising the share of public transport in urban areas by expansion of metro rail network and augmentation of city bus service
  • Rs. 18,000 crore for a new scheme, to augment public bus transport:
  • Innovative PPP models to run more than 20,000 buses
  • To boost automobile sector, provide fillip to economic growth, create employment opportunities for our youth
  • A total of 702 km of conventional metro is operational and another 1,016 km of metro and RRTS is under construction in 27 cities
  • ‘MetroLite’ and ‘MetroNeo’ technologies to provide metro rail systems at much lesser cost with similar experience in Tier-2 cities and peripheral areas of Tier-1 cities. 
  • Central counterpart funding to:
  1. Kochi Metro Railway Phase-II of 11.5 km at a cost of Rs. 1957.05 crore
  2. Chennai Metro Railway Phase –II of 118.9 km at a cost of Rs. 63,246 crore
  3. Bengaluru Metro Railway Project Phase 2A and 2B of 58.19 km at a cost of Rs. 14,788 crore
  4. Nagpur Metro Rail Project Phase-II and Nashik Metro at a cost of Rs. 5,976 crore and Rs. 2,092 crore respectively.

 

  1. Power Infrastructure

 

  • 139 Giga Watts of installed capacity and 1.41 lakh circuit km of transmission lines added, and additional 2.8 crore households connected in past 6 years
  • Consumers to have alternatives to choose the Distribution Company for enhancing competitiveness
  • Rs. 3,05,984 crore over 5 years for a revamped, reforms-based and result-linked new power distribution sector scheme
  • A comprehensive National Hydrogen Energy Mission 2021-22 to be launched
     
  1. Ports, Shipping, Waterways

 

  • Rs. 2,000 crore worth 7 projects to be offered in PPP-mode in FY21-22 for operation of major ports
  • Indian shipping companies to get Rs. 1624 crore worth subsidy support over 5 years in global tenders of Ministries and CPSEs
  • To double the recycling capacity of around 4.5 Million Light Displacement Tonne (LDT) by 2024; to generate an additional 1.5 lakh jobs

 

  1. Petroleum & Natural Gas

 

  • Extention of Ujjwala Scheme to cover 1 crore more beneficiaries
  • To add 100 more districts to the City Gas Distribution network in next 3 years
  • new gas pipeline project in J&K
  • An independent Gas Transport System Operator to be set up for facilitation and coordination of booking of common carrier capacity in all-natural gas pipelines on a non-discriminatory open access basis

 

  1. Financial Capital

 

  • A single Securities Markets Code to be evolved
  • Support for development of a world class Fin-Tech hub at the GIFT-IFSC
  • A new permanent institutional framework to help in development of Bond market by purchasing investment grade debt securities both in stressed and normal times
  • Setting up a system of Regulated Gold Exchanges: SEBI to be notified as a  regulator and Warehousing Development and Regulatory Authority to be strengthened
  • To develop an investor charter as a right of all financial investors
  • Capital infusion of Rs. 1,000 crore to Solar Energy Corporation of India and Rs. 1,500 crore to Indian Renewable Energy Development Agency

 

  1. Increasing FDI in Insurance Sector

 

  • To increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards

 

  1. Stressed Asset Resolution

 

  • Asset Reconstruction Company Limited and Asset Management Company to be set up

 

  1. Recapitalization of PSBs

 

  • Rs.  20,000 crore in 2021-22 to further consolidate the financial capacity of PSBs
     
  1. Deposit Insurance

 

  • Amendments to the DICGC Act, 1961, to help depositors get an easy and time-bound access to their deposits to the extent of the deposit insurance cover
  • Minimum loan size eligible for debt recovery under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 proposed to be reduced from Rs. 50 lakh to Rs. 20 lakh for NBFCs with minimum asset size of Rs.  100 crore

 

  1. Company Matters

 

  • To decriminalize the Limited Liability Partnership (LLP) Act, 2008
  • Easing Compliance requirement of Small companies by revising their definition under Companies Act, 2013 by increasing their thresholds for Paid up capital from “not exceeding Rs. 50 Lakh” to “not exceeding Rs. 2 Crore” and turnover from “not exceeding Rs. 2 Crore” to “not exceeding Rs. 20 Cr”.
  • Promoting start-ups and innovators by incentivizing the incorporation of One Person Companies (OPCs):
  • Allowing their growth without any restrictions on paid up capital and turnover
  • Allowing their conversion into any other type of company at any time,
  • Reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days and
  • Allowing Non Resident Indians (NRIs) to incorporate OPCs in India.
  • To ensure faster resolution of cases by:
  • Strengthening NCLT framework
  • Implementation of e-Courts system
  • Introduction of alternate methods of debt resolution and special framework for MSMEs
  • Launch of data analytics, artificial intelligence, machine learning driven MCA21 Version 3.0 in 2021-22

 

  1. Disinvestment and Strategic Sale

 

  • Rs.  1,75,000 crore estimated receipts from disinvestment in BE 2020-21
  • Strategic disinvestment of BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam limited etc. to be completed in 2021-22.
  • Other than IDBI Bank, two Public Sector Banks and one General Insurance company to be privatized
  • IPO of LIC in 2021-22
  • New policy for Strategic Disinvestment approved;  CPSEs except in four strategic areas to be privatized
  • NITI Aayog to work out on the next list of CPSEs to be taken up for strategic disinvestment
  • Incentivizing States for disinvestment of their Public Sector Companies, using central funds
  • Special Purpose Vehicle in the form of a company to monetize idle land
  • Introducing a revised mechanism for ensuring timely closure of sick or loss making CPSEs

 

  1. Government Financial Reforms

 

  • Treasury Single Account (TSA) System for Autonomous Bodies to be extended for universal application
  • Separate Administrative Structure to streamline the ‘Ease of Doing Business’ for Cooperatives

 

  1. Inclusive Development for Aspirational India

 

  1. Agriculture

 

  • Ensured MSP at minimum 1.5 times the cost of production across all commodities.
  • With steady increase in the procurement, payment to farmers increased as under:

                                                                                                     (in Rs. crore)

 

2013-14

2019-20

2020-21

Wheat

Rs. 33,874

Rs. 62,802

Rs. 75,060

Rice

Rs. 63,928

Rs. 1,41,930

Rs. 172,752

Pulses

Rs. 236

Rs. 8,285

Rs. 10,530

 

  • SWAMITVA Scheme to be extended to all States/UTs,  1.80 lakh property-owners in 1,241 villages have already been provided cards
  • Agricultural credit target enhanced to Rs. 16.5 lakh crore in FY22 - animal husbandry, dairy, and fisheries to be the focus areas
  • Rural Infrastructure Development Fund to be enhanced to Rs. 40,000 crore from Rs. 30,000 crore
  • To double the Micro Irrigation Fund to Rs. 10,000 crore
  • ‘Operation Green Scheme’ to be extended to 22 perishable products, to boost value addition in agriculture and allied products
  • Around 1.68 crore farmers registered and Rs. 1.14 lakh crore of trade value carried out through e-NAMs1,000 more mandis to be integrated with e-NAM to bring transparency and competitiveness.
  • APMCs to get access to the Agriculture Infrastructure Funds for augmenting infrastructure facilities

 

  1. Fisheries

 

  • Investments to develop modern fishing harbours and fish landing centres – both marine and inland
  • 5 major fishing harbours – Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat to be developed as hubs of economic activity
  • Multipurpose Seaweed Park in Tamil Nadu to promote seaweed cultivation
     
  1. Migrant Workers and Labourers

 

  • One Nation One Ration Card scheme for beneficiaries to claim rations anywhere in the country - migrant workers to benefit the most
  • Scheme implementation so far covered 86% of beneficiaries across 32 States and UTs
  • Remaining 4 states to be integrated in next few months
  • Portal to collect information on unorganized labour force, migrant workers especially, to help formulate schemes for them
  • Implementation of 4 labour codes underway
  • Social security benefits for gig and platform workers too
  • minimum wages and coverage under the Employees State Insurance Corporation applicable for all categories of workers
  • Women workers allowed in all categories, including night-shifts with adequate protection
  • Compliance burden on employers reduced with single registration and licensing, and online returns
     
  1. Financial Inclusion

 

  • Under Stand Up India Scheme for SCs, STs and women,
  • Margin money requirement reduced to 15%
  • To also include loans for allied agricultural activities
  • Rs. 15,700 crore budget allocation to MSME Sector, more than double of this year’s BE

 

  1. Reinvigorating Human Capital

 

  1. School Education

 

  • 15,000 schools to be strengthened by implementing all NEP components. Shall act as exemplar schools in their regions for mentoring others
  • 100 new Sainik Schools to be set up in partnership with NGOs/private schools/states

 

  1. Higher Education

 

  • Legislation to be introduced to setup Higher Education Commission of India as an umbrella body with 4 separate vehicles for standard-setting, accreditation, regulation, and funding
  • Creation of formal umbrella structure to cover all Govt. colleges, universities, research institutions in a city for greater synergy.
  • Glue grant to implement the same across 9 cities
  • Central University to come up in Leh for accessibility of higher education in Ladakh

 

  1. Scheduled Castes and Scheduled Tribes Welfare

 

  • 750 Eklavya model residential schools in tribal areas:
  • Unit cost of each school to be increased to Rs. 38 crore
  • For hilly and difficult areas, to Rs. 48 crore
  • Focus on creation of robust infrastructure facilities for tribal students
  • Revamped Post Matric Scholarship Scheme for welfare of SCs
  • Rs. 35,219 crore enhanced Central Assistance for 6 years till 2025-2026
  • 4 crore SC students to benefit

 

  1. Skilling

 

  • Proposed amendment to Apprenticeship Act to enhance opportunities for youth
  • Rs. 3000 crore for realignment of existing National Apprenticeship Training Scheme (NATS) towards post-education apprenticeship, training of graduates and diploma holders in Engineering
  • Initiatives for partnership with other countries in skilling to be taken forward, similar to partnership:
  • With UAE to benchmark skill qualifications, assessment, certification, and deployment of certified workforce
  • With Japan for a collaborative Training Inter Training Programme (TITP) to transfer of skills, technique and knowledge

 


 

  1. Innovation and R&D

 

· Modalities of National Research Foundation announced in July 2019 –

    • Rs. 50,000 crore outlay over 5 years
    • To strengthen overall research ecosystem with focus on national-priority thrust areas
  • Rs. 1,500 crore for proposed scheme to promote digital modes of payment
  • National Language Translation Mission (NTLM) to make governance-and-policy related knowledge available in major Indian languages

· PSLV-CS51 to be launched by New Space India Limited (NSIL) carrying Brazil’s Amazonia Satellite and some Indian satellites

  • As part of the Gaganyaan mission activities:
    • 4 Indian astronauts being trained on Generic Space Flight aspects, in Russia
    • First unmanned launch is slated for December 2021
  • Rs. 4,000 crore over five years for Deep Ocean Mission survey exploration and conservation of deep sea biodiversity

 

  1. Minimum Government, Maximum Governance

 

  • Measures being undertaken to bring reforms in Tribunals to ensure speedy justice
  • National Commission for Allied Healthcare Professionals already introduced to ensure transparent and efficient regulation of the 56 allied healthcare professions
  • The National Nursing and Midwifery Commission Bill introduced for the same in nursing profession

· Proposed Conciliation Mechanism with mandate for quick resolution of contractual disputes with CPSEs

  • Rs. 3,768 crore allocated for first digital census in the history of India

· Rs. 300 crore grant to the Government of Goa for the diamond jubilee celebrations of the state’s liberation from Portuguese

· Rs. 1,000 crore for the welfare of Tea workers especially women and their children in Assam and West Bengal through a special scheme

 

Fiscal Position

 

Item

Original BE 2020-21

RE 2020-21

BE 2021-22

Expenditure

`30.42 lakh crore

 

`34.50 lakh crore

`34.83 lakh crore

Capital Expenditure

`4.12 lakh crore

`4.39 lakh crore

5.5 lakh crore

Fiscal Deficit (as % of GDP)

-

9.5%

6.8%

 

  • RE for Expenditure is  Rs. 34.50 lakh crore as against original BE expenditure of  Rs. 30.42 lakh crore
    • Quality of expenditure has been maintained as Capital Expenditure estimated as per RE is Rs. 4.39 lakh crore in 2020-2021 as against Rs. 4.12 lakh crore in BE 2020-21

· Estimates of Rs. 34.83 lakh crore BE for expenditure in 2021-2022 including Rs. 5.5 lakh crore as capital expenditure, an increase of 34.5% to give required push to economy 

· The fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP. The fiscal deficit in RE 2020-21 is pegged at 9.5% of GDP - funded through Government borrowings, multilateral borrowings, Small Saving Funds and short term borrowings

    • Gross borrowing from the market for the next year to be around 12 lakh crore.
    • Plan to continue on the path of fiscal consolidation, achieving a fiscal deficit level below 4.5% of GDP by 2025-2026 with a fairly steady decline over the period
    • It will be achieved by increasing the buoyancy of tax revenue through improved compliance, and secondly, by increased receipts from monetisation of assets, including Public Sector Enterprises and land
    • Deviation Statement under Sections 4(5) and 7(3) (b) of the FRBM Act tabled necessitated by this year’s unforeseen and unprecedented circumstances
    • Amendment to FRBM Act proposed to achieve targeted Fiscal Deficit levels

· The Contingency Fund of India is to be augmented from Rs. 500 crore to Rs. 30,000 crore through Finance Bill

 

Net borrowing of the States:

 

  • Net borrowing for the states allowed at 4% of GSDP for the year 2021-2022 as per recommendation of 15th FC
    • Part of this earmarked for incremental capital expenditure
    • Additional borrowing ceiling of 0.5% of GSDP will be provided subject to conditions
  • States expected to reach a fiscal deficit of 3% of GSDP by 2023-24, as recommended by the 15th Finance Commission

 

Fifteenth Finance Commission:

 

  • The final report covering 2021-26 was submitted to the President, retaining vertical shares of states at 41%
  • Funds to UTs of Jammu and Kashmir and Ladakh would be provided by Centre
  • On the Commission’s recommendation, Rs. 1,18,452 crore have been provided as Revenue Deficit Grant to 17 states in 2021-22, as against  Rs. 74,340 crore to 14 states in 2020-21

 

Tax Proposals

 

Vision of a transparent, efficient tax system to promote investments and employment in the country with minimum burden on tax payers

 

  1. Direct Taxes

 

Achievements:

 

  • Corporate tax rate slashed to make it among the lowest in the world
  • Burden of taxation on small taxpayers eased by increasing rebates
  • Return filers almost doubled to 6.48 crore in 2020 from 3.31 crore in 2014
  • Faceless Assessment and Faceless Appeal introduced

 

Relief to Senior Citizens:

 

  • Exemption from filing tax returns for senior citizens over 75 years of age and having only pension and interest income; tax to be deducted by paying bank

Reducing Disputes, Simplifying Settlement:

 

  • Time limit for re-opening cases reduced to 3 years from 6 years
  • Serious tax evasion cases, with evidence of concealment of income of Rs. 50 lakh or more in a year, to be re-opened only up to 10 years, with approval of the Principal Chief Commissioner
  • Dispute Resolution Committee to be set up for taxpayers with taxable income up to Rs. 50 lakh and disputed income up to Rs. 10 lakh
  • National Faceless Income Tax Appellate Tribunal Centre to be established
  • Over 1 lakh taxpayers opted to settle tax disputes of over Rs. 85,000 crore through Vivad Se Vishwas Scheme until 30th January 2021

Relaxation to NRIs:

  • Rules to be notified for removing hardships faced by NRIs regarding their foreign retirement accounts

Incentivising Digital Economy:

  • Limit of turnover for tax audit increased to Rs. 10 crore from Rs. 5 crore for entities carrying out 95% transactions digitally

Relief for Dividend:

  • Dividend payment to REIT/ InvIT exempt from TDS
  • Advance tax liability on dividend income only after declaration/ payment of dividend
  • Deduction of tax on dividend income at lower treaty rate for Foreign Portfolio Investors

Attracting Foreign Investment for Infrastructure:

 

  • Infrastructure Debt Funds made eligible to raise funds by issuing Zero Coupon Bonds
  • Relaxation of some conditions relating to prohibition on private funding, restriction on commercial activities, and direct investment

Supporting ‘Housing for All’:

 

  • Additional deduction of interest, up to Rs. 1.5 lakh, for loan taken to buy an affordable house extended for loans taken till March 2022
  • Tax holiday for Affordable Housing projects extended till March 2022
  • Tax exemption allowed for notified Affordable Rental Housing Projects

Tax incentives to IFSC in GIFT City:

 

  • Tax holiday for capital gains from incomes of aircraft leasing companies
  • Tax exemptions for aircraft lease rentals paid to foreign lessors
  • Tax incentive for relocating foreign funds in the IFSC
  • Tax exemption to investment division of foreign banks located in IFSC

Ease of Filing Taxes:

 

  • Details of capital gains from listed securities, dividend income, interest from banks, etc. to be pre-filled in returns

Relief to Small Trusts:

 

  • Exemption limit of annual receipt revised from ₹1 crore to ₹5 crore for small  charitable trusts running schools and hospitals

Labour Welfare:

 

  • Late deposit of employee’s contribution by the employer not to be allowed as deduction to the employer
  • Eligibility for tax holiday claim for start-ups extended by one more year
  • Capital gains exemption for investment in start-ups extended till 31st March, 2022

 

  1. Indirect Taxes

 

GST:

 

  • Measures taken till date:
  • Nil return through SMS
  • Quarterly return and monthly payment for small taxpayers
  • Electronic invoice system
  • Validated input tax statement
  • Pre-filled editable GST return
  • Staggering of returns filing
  • Enhancement of capacity of GSTN system
  • Use of deep analytics and AI to identify tax evaders

Custom Duty Rationalization:

 

  • Twin objectives: Promoting domestic manufacturing and helping India get onto global value chain and export better
  • 80 outdated exemptions already eliminated
  • Revised, distortion-free customs duty structure to be put in place from 1st October 2021 by reviewing more than 400 old exemptions
  • New customs duty exemptions to have validity up to the 31st March following two years from its issue date

Electronic and Mobile Phone Industry:

 

  • Some exemptions on parts of chargers and sub-parts of mobiles withdrawn
  • Duty on some parts of mobiles revised to 2.5% from ‘nil’ rate

Iron and Steel:

 

  • Customs duty reduced uniformly to 7.5% on semis, flat, and long products of non-alloy, alloy, and stainless steels
  • Duty on steel scrap exempted up to 31st March, 2022
  • Anti-Dumping Duty (ADD) and Counter-Veiling Duty (CVD) revoked on certain steel products
  • Duty on copper scrap reduced from 5% to 2.5%

Textiles:

 

  • Basic Customs Duty (BCD) on caprolactam, nylon chips and nylon fiber & yarn reduced to 5%

Chemicals:

 

  • Calibrated customs duty rates on chemicals to encourage domestic value addition and to remove inversions
  • Duty on Naptha reduced to 2.5%

Gold and Silver:

 

  • Custom duty on gold and silver to be rationalized

Renewable Energy:

 

  • Phased manufacturing plan for solar cells and solar panels to be notified
  • Duty on solar invertors raised from 5% to 20%, and on solar lanterns from 5% to 15% to encourage domestic production

Capital Equipment:

 

  • Tunnel boring machine to now attract a customs duty of 7.5%; and its parts a duty of 2.5%
  • Duty on certain auto parts increased to general rate of 15%

MSME Products:

 

  • Duty on steel screws and plastic builder wares increased to 15%
  • Prawn feed to attract customs duty of 15% from earlier rate of 5%
  • Exemption on import of duty-free items rationalized to incentivize exporters of garments, leather, and handicraft items
  • Exemption on imports of certain kind of leathers withdrawn
  • Customs duty on finished synthetic gem stones raised to encourage domestic processing

Agriculture Products:

 

  • Customs duty on cotton increased from nil to 10% and on raw silk and silk yarn from 10% to 15%.
  • Withdrawal of end-use based concession on denatured ethyl alcohol
  • Agriculture Infrastructure and Development Cess (AIDC) on a small number of items

Rationalization of Procedures and Easing of Compliance:

 

  • Turant Customs initiative, a Faceless, Paperless, and Contactless Customs measures
  • New procedure for administration of Rules of Origin

 

Achievements and Milestones during the COVID-19 pandemic

 

  • Pradhan Mantri Garib Kalyan Yojana (PMGKY):
    • Valued at Rs. 2.76 lakh crore
    • Free food grain to 80 crore people
    • Free cooking gas for 8 crore families
    • Direct cash to over 40 crore farmers, women, elderly, the poor and the needy
  • AatmaNirbhar Bharat package (ANB 1.0):
    • Estimated at Rs. 23 lakh crore – more than 10% of GDP
  • PMGKY, three ANB packages (ANB 1.0, 2.0, and 3.0), and announcements made later were like 5 mini-budgets in themselves
  • Rs. 27.1 lakh crore worth of financial impact of all three ANB packages including RBI’s measures – amounting to more than 13% of GDP
  • Structural reforms:
    • One Nation One Ration Card
    • Agriculture and Labour Reforms
    • Redefinition of MSMEs
    • Commercialisation of the Mineral Sector
    • Privatisation of Public Sector Undertakings
    • Production Linked Incentive Schemes
  • Status of India’s fight against COVID-19:
    • 2 Made-in-India vaccines – medically safeguarding citizens of India and those of 100-plus countries against COVID-19
    • 2 or more new vaccines expected soon
    • Lowest death rate per million and the lowest active cases

 

2021 - Year of milestones for Indian history

 

  • 75th year of India’s independence
  • 60 years of Goa’s accession to India
  • 50 years of the 1971 India-Pakistan War
  • Year of the 8th Census of Independent India
  •  India’s turn at the BRICS Presidency
  • Year for Chandrayaan-3 Mission
  • Haridwar MahaKumbh

 

Vision for AatmaNirbhar Bharat
 

  • AatmaNirbharta – not a new idea – ancient India was self-reliant and a business epicentre of the world
  • AtmaNirbhar Bharat – an expression of 130 crore Indians who have full confidence in their capabilities and skills
  • Strengthening the Sankalp of:
    • Nation First
    • Doubling Farmer’s Income
    • Strong Infrastructure
    • Healthy India
    • Good Governance
    • Opportunities for Youth
    • Education for All
    • Women Empowerment
    • Inclusive Development
  • 13 promises made in the Union Budget 2015-16, and resonating with the vision of AatmaNirbharta, to materialise during the AmrutMahotsav of 2022 – on the 75th year of our independence

 

“Faith is the bird that feels the light and sings when the dawn is still dark.”

– Rabindranath Tagore



COMMENTS

BLOGGER
Name

. SECURITIES,5,(MNP),2,(TDS)2007-08,1,`,1,01.07.12,23,01.09.2008,1,01.10.2012,2,06.07.2009,3,07.08.2012,1,1 PERCENT EXCISE ITEMS LIST,2,1 sep,1,1% excise,2,10 year nsc,7,10(10C),1,1000 court cases judgements supplied to ITO,7,1000 rupee note,3,11-2008,1,11-2010,1,130 items,1,14.08.2008,1,15 august,2,150 Rs coin,2,15g,14,15h,15,18-12-2009,1,192(1A),5,192A,2,194 I,3,194A,5,194c from 01.10.2009,7,194H,6,194j,14,194LC,3,194N,1,194q,2,1981-2007,2,2% cst,1,2% excise,1,2004,1,2008,1,2008-09 FY,1,2010,2,206AA,14,234A 234B 234C,10,234c interest calculator,11,234E,15,234F,2,23AC,1,23ACA,1,23B,2,24C,3,24q annexure II,5,25 paisa coin,1,271(1)(c),5,271B,2,271H,3,272B,1,27A,1,280,5,280 challan,4,281,4,282,2,283,2,29 AUGUST,2,29.04.2010.,1,29/08/2008,2,29/2008 service tax,2,2g meaning use,1,3 idiots,1,30 MARCH,4,31st March,19,32-2010,1,33 of 2009,1,35(2AA),1,35(2AB),1,3CD,18,3g meaning use,1,40(b),3,43B,4,44 AB EXEMPTED INCOME,1,44AA,1,44AB AGRICULTURE,2,44AB new limit,28,44AB NON RESIDENT,3,44ad,17,44ada,1,46/2012 45/2012,1,49C,1,5 day week,1,5 years post office deposit,5,5/2011,1,50 paisa coin,2,500-1000 notes banned,128,54b,19,54EC,27,54ee,1,54f,21,54gb,1,5th paycommission punjab,1,6 % excise,1,6 crore advance limit,1,6/2005,1,69/2010,1,6th cpc,5,6TH PAY COMMISSION,6,70% of pan etds,7,7th Central Pay Commission,12,8 tips to save tax,2,80C,88,80ccc,3,80CCD,14,80cce,2,80CCF,18,80CCG,6,80d,10,80DDB,13,80EE,4,80G,5,80GG,8,80GGA,6,80GGB,1,80ggc,1,80tta,3,80U,1,85% of pan etds,1,86/2008 DATED 13-08-2008,1,87A rebate,7,89(1),18,89(1) relief calculator,16,9.5 % rate for private epf,8,92E,1,95% of pan etds,5,98 dated 04/01/08,1,aadhaar,18,aakash tablet,1,aam admi,1,aar,4,Aayakar Sampark Kendra,1,abatement,13,abolished,1,ACCOUNT PAYEE DRAFT,2,Accounting,1,ACCOUNTING CODE,11,accounting code for services,6,ACCOUNTING FOR GOVT GRANTS,3,accounting standards,12,ACES,10,ADD IN,1,Add-Ins,2,additional relief in budget 2010,1,adjustment of advance FBT with advance Tax,2,advance rullings,3,advance salary,2,ADVANCE TAX CALCULATOR,10,advance tax challan,19,ADVANCE TAX CUT OFF AMOUNT,12,ADVANCE TAX DATES,19,AFFIDAVIT,2,AG Projects Technologies Ltd RT,1,age 80 addition pension,2,aibea wage revision,1,aibea wage revision latest news,1,aiboa,1,aiboc,1,aiboc wage revision,1,AIG,1,AIR,10,airline ticket booking tds,7,airlines,3,all is well,1,allowances,5,allownces,4,alphabet of inspiration,1,alteration on check allowed,3,alternate minimum tax,4,AMENDED 3CD,12,amendment in companies bill 2011,2,amendment in gratuity act 2010,5,amendment in registration service tax,4,AMENDMENT IN SERVICE TAX ON RENT,6,amendment to finance Bill 2010,1,AMNESTY SCHEME 2007,2,amt,2,Anna Hazare,2,anna hazzare bill vs govt lokpal bill,1,appeal,15,apply for new pan card against old pan card,3,aqb,1,arbitration,2,arrears of salary,4,arrears of sixth pay,6,ARRERS TAX,2,AS-12,1,ASBA,1,assessee in default,2,ASSESSMENT REOPENING,7,ASSESSMENT YEAR 2008-09 REFUND,1,atm,13,atm 100 per day,2,atm cash without card,2,atm tips,9,atm wrong debit,1,audit cases itr filing,2,audit limit enhanced,13,Audit Questionaire,1,AUDIT REPORT,62,AUS VS IND.INDIA VS SL,1,Automated teller machine,1,AUTOMATION OF CENTRAL EXCISE AND SERVICE TAX,7,ay 2010-11,1,bad debts,2,Balwant Jain,170,Bank,5,Bank account,15,bank audit,3,bank audit 2012,1,bank charges,19,BANK SALARY,2,bank strike 06/07/09 and 07/07/09,1,banking law amendment,1,banknotes,6,banks npa provisioning,3,BARE ACT,4,bare rules,1,BASE RATE BY BANKS,2,bcct,1,benami property,1,BIMAL JAIN,452,biometric pan card,3,black and white form not acceptable,2,black money,27,BLOCK PERIOD,1,blogging,1,bobay refund,1,BONUS,2,bonus share,2,book discount,5,BOOK ON EFILING,1,BOOK REVIEW,1,books of accounts,6,BOOMING INDIAN ECONOMY,3,both House rent allowance,8,both hra and house loan,15,Brass Scrap,3,BRIBE CASE,1,BROKER,3,BSE,1,bsnl broadband,1,bsnl broadband usage,1,bsnl land line sms alert,2,BSR CODES,3,BUDGET 2009,18,budget 2010,28,budget 2010-11,4,budget 2011,13,BUDGET 2012,38,budget 2013,17,BUDGET 2014,39,BUDGET 2014 CONTEST,6,budget expectations,8,BUDGET HIGHLIGHTS,11,budget live on computer,5,budget live telecast,5,budget notification,1,budget on tv,1,budget speech,15,BUDGET SPEECH DOWNLOAD,2,Budget-2014,2,Budget-2015,45,BUDGET-2016,71,budget-2017,28,BUDGET-2018,32,BUDGET-2019,22,BUDGET-2020,2,BUDGET-21,39,BUDGET08,5,BUDGET2018,1,Business,5,BUSINESS AND PROFESSION MEANING,1,BUSINESS COVERED UNDER 44ab,2,buy back,1,BUY HOUSE,4,C FORM,5,CA CAN ONLY AUDIT MVAT,4,CA CLUB INDIA,1,CA GIRISH AHUJA,3,CA NITIN GUPTA,5,CA PARDEEP JAIN,5,CA ROHIT GUPTA,4,ca services,3,CA sudhir Halakhandi,1,CA Swapnil Munot,15,CA Vikas Khandelwal,9,calculate arrear,1,CALCULATE NEW PAY,2,calculate your emi,4,calculation of tax on salary arrears,4,CALCULATOR,67,CALCULATOR REVISED,1,capital asset,4,capital formation huf,3,Capital gain,44,capital gain account scheme 1988,11,CAPITAL GAIN INDEX,30,capital gain on repayment of loan,2,capital gain on tenancy rights,1,capital goods,3,capital revenue,1,CAPITAL SUBSIDY,3,CAR LOAN,1,CAR LOAN RATE INCREASE,12,carry forward of losses in late return,4,cas,1,cash back,1,cash flow statement,1,CASH PAYMENT DIS ALLOWANCE,11,CASH PAYMENTS EXCEEDING 20000,5,CASH SUBSIDY,3,Cash Transaction 2016,8,cbdt,14,cbec,9,CBI ARRESTED,1,centeral sales tax rate,2,CENTRAL PAY COMMISSION,6,CENTRAL PROCESSING CENTER,2,CENTRALISED PROCESSING OF RETURNS,1,Cenvat,62,CENVAT Credit Rules,80,cgas 1988,3,challan,7,challan 281,10,CHALLAN 289,1,challan correction,8,challan Form 17,11,CHALLAN STATUS INQUIRY,1,change,1,change in cst rate,5,change in excise duty rates,11,CHANGE IN PAN ADDRESS,3,CHANGE IN PAN DATA,7,change in tds rates in budget,14,changes,1,CHANGES IN SERVICE TAX ACT,58,changes in new itr forms,11,CHANGES IN TDS,13,CHARGES ON CASH PAYMENT OF CREDIT CARD BILL,3,charitable organisation,5,check name from PAN,2,check tds deducted online,3,Cheque,12,cheque bounce,7,cheque payment before due date,8,cheque tender date /realisation date,4,Cheque Truncation,7,CHEQUE VALIDITY,9,child care leave,3,CHILD DEPENDENT PREMIUM,1,CHILD MARRIED PREMIUM,1,child plan,1,childeren name,1,children education allownces,9,chip based atm card,4,cibil,13,cibil for companies,5,CII 2007-08,1,CII 2008-09,2,CII 2010,1,cii 2012-13,1,CII2011-12,1,cin,2,CIRCULAR 3/2010 DT 2.03.2010,1,CIRCULAR 8-2010,1,CIT v. Emilio Ruiz Berdejo (2010) 320 ITR 190 (Bom.),1,cloning of atm card,1,clubbing of income,2,COLLECTION CHARGES,1,COLOR SCHEME,1,COMMISSION ON SMALL SAVINGS,2,common error in 2009-10,1,common error in itr 4-5-6,3,compa,1,companies bill 2012,2,COMPANIES RATE,2,COMPANY BILL 2011,6,company deposit,5,Company Law Settlement Scheme,5,COMPANY REGISTRATION,4,complusory payment of taxes,1,COMPOSITE SUPPLY,3,Composition scheme GST,15,Composition scheme service tax,2,compounding of offence,1,COMPUTER AS FAX MACHINE,1,computer sytem at ito office,1,CONCEPT PAPER,1,configure yahoo mail in outlook express,7,consolidate account statement,5,construction purchase of house,9,Consultancy Service,2,consumer loans,2,Consumer Price Index,2,continues services,1,CONTRIBUTION TO NEW PENSION SCHEME,9,CONTRIBUTORY PENSION FUND,3,CONVERT FIGURES INTO WORD EXCEL,8,COPARCENER,1,CORONA,8,CorpMcash,1,corporate tax,1,corporation bank,3,correction etds,10,CORRECTION IN PAN DATA,8,correction in section,4,CORRECTION RETURN,6,CORRECTION RETURN.ETDS,7,cost accounting,5,cost audit,6,cost inflation index,20,cost inflation index 2012-13,2,COST INFLATION INDEX FY 2010-11,1,COST INFLATION INDEX FY 2011-12,1,COST OF INDEXATION CALCULATOR,5,court case in entry tax punjab,2,cpc phone number,6,cpf,7,Credit card,18,CREDIT CARD BILL PAYMENT ICICI BANK,6,credit scores,7,cricket team,1,critical illness,1,CROSSED DEMAND DRAFT,2,CRR,14,crr reducred,1,cryptocurrency,1,CS DIVESH GOYAL,69,CST,12,CST 3% OR 2 %,3,cst act 1956,1,cst form,6,CST FORM STATUS,1,cst rate changed,3,CST REDUCE RATE,4,ctt,3,currency,2,CURRENCY TRADING ILLEGAL,1,custom,4,custom changes in budget,16,cusual leave,1,DA MERGE,2,da rate,16,da rate 01.07.2012,4,da rate january 2013,4,da rate july 2012,3,da rate wef 01.01.2012,4,date extension,4,DDO ASK RENT RECIPT,1,ddt,4,dearness allowance,15,Debit card,11,DEBT EQUITY RATIO,1,debt funds,13,debt trap,1,declared goods,1,DEDUCTION 80C,6,deduction for higher studies,3,deduction on saving bank interst,2,deduction u/s 80DD,5,Deemed income of employee,1,deemed services,1,defective return,4,defence officers,1,defence pay,1,defence pay scales,2,DELAY IN FILING,3,delete ledger in tally,1,DELHI HIGH COURT,11,demat,4,deposit tax of two quarter in single challan,3,depreciation,15,depreciation on car,3,depreciation on commercial vehicle.,2,DEPRECIATION ON INTANGIBLE ASSETS,3,depreciation rate,13,depreciation rate 2009-10,3,DETAIL AFTER E FILLING,1,DETAIL OF TIN,1,Determination of value,1,DIFFRENT TYPE OF TAXES,1,digital signature,10,din,4,direct payment in bank account,1,DIRECT SUBSIDY,10,direct tax bill,6,direct tax changes in budget,21,direct tax code,39,direct tax code 2009,6,dis,1,Disability insurance,3,discussion Paper,4,distribution of salary,2,dividend distribution tax,2,dividend striping,1,dnd,1,do not call.,1,document identification number,1,document ientification number,1,documents required for service tax registration,5,domestic transfer pricing,5,donation,2,dot,1,double taxation,1,dow jones,1,download,1,download 89(1) relief calculator,10,download direct tax code 2012,10,download form 16A,7,download fvu,28,download idfc INFRA BONDS FORM,1,draft reply,1,drawback rates,2,dtaa,4,dtc,10,DUE DATE AY 2010-11,2,due date ay 2011-12,3,due date extended,69,due date extended to 31.08.2012.,2,due date for service tax return,36,due date form 16,21,due date form 16a,10,due date June,2,due date march tax,11,due date of return 2008-09,3,due date pf esi,6,due date to deposit tds,15,DUE DATES,16,DUE DATES CALENDAR,8,DUE DATES CALENDER,9,DUE DATES INCOME TAX,23,DUE DATES SERVICE TAX,42,DUE FAMILY PENSION,1,DULICATE PAN,1,DUPLICATE TAN,5,dvat,8,e book Income Tax rules,3,e book on service tax,22,E ERA OF TAXES,1,e filing do and don'ts,7,e filing of audit report,10,e filing processing status,8,e filing software excel free,4,e filing through evc,7,e filing utilities,6,e mode for notice to shareholder,1,e notice to share holder,1,e payment of epf,5,E PAYMENT OF EXCISE DUTY,2,e payment of income tax,5,E PAYMENT OF SERVICE TAX,4,e payment of tds,8,E STAMP DUTY,1,e tutorial for TAN registration,3,E-1 FORM,1,E-1 SALE,6,e-commerce,1,E-FILE SERVICE TAX RETURN,18,e-Intermediary,1,e-payment from friends account,2,E-PAYMENT OF SERVICE TAX,9,e-payment of taxes,6,E-SEVA BY ICAI,4,e-TDS/TCS statements,2,E-WAY-BILL,14,earn from home,1,earned leave,2,Easy Exit Scheme,1,ebay,1,EBOOK,70,EBOOK ON SERVICE TAX,23,economic survey,7,economic survey 2010,3,economic survey 2011,2,economic survey 2012,1,Edible Oils,1,EDITABLE INCOME TAX FORM,1,education cess,6,EDUCATION LOAN,5,eet,4,EFFECTIVE DATE CST RATE REDUCTION,2,effective date of allowncs,2,efiling errors,5,efiling free,2,efiling income tax return,28,efiling of excise return,6,efiling registration problem,18,Electricity act,2,ELECTRONIC FOREX TRADING,1,Electronic Verification Code (EVC),7,elegent card on holi,1,ELSS,20,EMANAGEMENT OF TAXES,1,EMI CALCULATOR,8,empanelment as branch auditor,2,EMPLOYEE PROVIDENT FUND,9,employee state insurance,2,employee state insurance act 1948,1,employee state insurance act Limit,1,employer e sewa,4,eMudhra Consumer Services,1,entries r off in 50 paisa,1,entries rounded off in rs,1,ENTRY TAX,5,entry tax punjab,2,epf,55,epf challan,33,epf claim,12,epf e passbook,8,EPF FAQ,33,epf int rate 11-12,6,epf interest exemption,11,epf interest rate,24,epf interest rate for fy 2010-11,8,epf limit,8,epf online,12,EPF ONLINE CHALLAN GENERATION,4,epf statement,6,EPF TRUST,1,epf withdrawals,12,epfo,43,equal monthly installments,2,equity funds,7,ER-1,2,ER-2,2,er4 form online,1,error in etds return,10,error in st-3,5,esi,7,esi contribution,3,esi limit 10000,1,esi limit 15000,4,esi limit from 01.05.2010,1,esi return,1,ESOP,4,ETABF,1,ETAX,2,etcs,10,etds,33,etds correction,17,etds defualts,2,etds due date,9,ETDS FVU 3.1,3,ETDS PAYMENT,3,ETDS Q4 ANN II,3,etds retur with insufficient pan,2,etds return,24,ETDS RETURN DUE DATES,24,etds return less deduction of tax.,2,ETDS RTEURN SOFTWARE,2,etds software,5,etds without pan,5,etrip,1,Excel,11,EXCEL 280,2,excel add in,1,EXCEL CII,5,excel form 16,10,EXCEL SHORT CUTS,9,excel software,2,excell add in,4,EXCESS TDS,7,Exchange-traded fund,3,exci,1,excise,10,excise changes in budget,18,EXCISE FORMS,1,excise notification,2,Excise on branded goods,2,excise on utensils,1,excise rate reduced,4,EXCISE REGISTRATION,5,exclusion from capital asset,1,exempted capital gain,6,EXEMPTION GST,3,exemption limit increased,4,EXEMPTIONS IN FEW SERVICES,2,exice duty on new items,1,EXIDE CASE CALKUTTA HIGH COURT,2,EXPANSION OF EXISTING SERVICE,1,EXPLANATORY NOTES TO FINANCE ACT(2) 2009,1,export,21,EXTENSIBLE BUSINESS REPORTING LANGUAGE,1,extra level security in credit card,2,face book url,1,face book username,1,facebook,2,fake prize money,3,family pension,7,FAQ,61,faq on fbt on esop,3,FAQ VAT,8,fast facts,1,father can claim for son studies,1,FAX FROM COMPUTER,1,FBT,6,FBT CALCULATOR,3,fbt challan,1,FBT ON ESOP,5,fc(r) ACT,1,fd interest rate,4,fdi in insurance and telecom,4,fdr,13,FEMA,3,FIGURES TO WORDS,2,fii,1,file free etds statement,1,file validation utility,3,Finance,73,finance act,9,Finance Act (2) 2009,2,finance act 2010,1,Finance act 2011,1,FINANCE ACT 2012,4,finance bil 2012,6,finance bill 2010,3,finance bill 2011,3,finance bill in lok sabha,8,finance bill top news,1,finance bill(2) 2009,1,Finance Minister,6,finance ministry,3,financial adviser,6,financial crises,1,FINANCIAL PLANNING,21,Financial Services,2,first class rail passenger fare from 01.10.12,3,first discussion paper on gst,5,first name in pan card,2,first quarter fringe benefit tax adjustment,1,fiscal cliff,1,FIVE IN ONE,1,FIVE IN ONE TAX CALCULATOR,1,Fixed deposit,22,fixed maturity plan,8,FLOW CHART ON FBT ON ESOP,3,fm speech on 07/05/2012,1,fmc,1,FMV OF ESOP,3,FMV UNLISTED COMPANY ESOP,2,FN 275-192-2009,1,FOREIGN COMPANT FBT ON ESOP,1,foreign direct investment,1,foreign dividends,2,foreign exchange money changer service tax,3,foreign individual in shares,1,Forensic Auditing,1,Forex derivatives tax,3,forex trading,3,forget password,2,Form 10E,1,FORM 16,22,FORM 16 A SOFTWARE,6,FORM 16A,15,FORM 16A FROM ETDS FVU,3,form 16A from fvu,1,form 16a from nsdl,6,FORM 16A GENRETION SOFTWARE,3,FORM 16A PDF,2,fORM 16aA IN FIVE MINUTES,1,form 18 punjab vat act,1,form 26as,34,form 26q,4,form 26q online free,4,form 29C,1,form 49a excel/pdf/online,5,formation of huf,14,forum site,1,FORWARD CONTRACTS ACT 1952,1,fpo,1,fraud mail,4,free auto filler for epayment of taxes,4,FREE CHALLAN SOFTWARE,2,free e filing Income tax return 11-12,2,free epayment auto filler of challan,3,free etds return,12,free etds software,7,FREE INCOME TAX ACT,2,free income tax return,3,free itr-1,8,free itr-2 e filing,3,Free online Books of Direct Tax for F.Y.2008-09,2,free online greeting card holi,1,free samples,2,FREE SOFTWARE,1,FREE SOFTWARE FOR ETDS,4,FREE TOOLBAR WITH SEARCH,2,Fringe Benefit Tax,2,full partition of huf,2,future and options,8,fvu,8,FVU 2.130,1,FVU 2.131,1,fvu 2.216,1,fvu 3.0,1,fvu 3.2,1,fvu 3.3,2,fvu 3.4,1,GAAR,8,GAIN ON SALE OF SHARES,16,GAR-7,2,gas cylinder,1,GAZETTE NOTIFICATION,4,gdp,1,General anti avoidance rule,4,general insurance,1,general provident fund,1,generation company,1,GIFT BY NRI,5,gift deed to huf,7,gift from relative,14,gift in kind,15,gift on marriage,10,gift tax,18,gmail,2,Goal calculator,2,gold bond scheme,15,gold deposit scheme,8,GOLD LOAN,11,Gold Monetization Scheme,8,gold silver rates 10 years,4,Goods and Services Tax,22,GOODS TRANSPORT AGENCY ABETMENT,10,goods transport agency service tax,10,GOOGLE SEARCH,1,google tool bar,1,Gopal Kumar kedia,1,got approved from president,1,GOVT NOTIFICATION CST,2,gpf interest rate,4,gpf interest rate 8.6 %,1,gpf interest rate 8.8 %,1,gratuity,11,gratuity limit enhanced,5,Green-channel banking,1,GREETING CARD ONLINE,3,GROSS RECEIPT MEANING 44ab,7,GST,630,GST ADVANCE RULING,1,GST ASSESSMENT,1,GST CHALLAN,8,GST INVOICE,15,GST PAYMENT,7,GST RATE CHART,40,GST REFUND,4,GST REGISTRATION,7,GST RETURN,74,GST SUGGESTIONS,3,GST TDS,5,GTA,14,guarantee Nav,1,guidelines for selection of cases,3,gujrat vat act,2,half pay leave,1,HAPPY DIWALI,5,HAPPY NEW YEAR,6,HBA-HRA,8,hdfc bank,5,Health care,1,Health insurance,19,health plans,3,health service,2,help on tax,1,HIGH VALUE TRANSACTION,6,HIGH-VALUE TRANSACTIONS,3,HIGHER SECONDARY CESS,6,HIGHER TDS WITHOUT PAN 01.04.2010,4,HINDU UNDIVIDED FAMILY,16,hiring motor vehicle,2,holi card,1,holiday,5,holiday on election day,4,holidys,2,Home insurance,5,home loab,1,HOME LOAN,39,hospitals,1,house budget,2,house completion,3,house loan 150000 or 30000,5,house loan and tax svaing,21,house loan at discounted rates,7,house loan on two houses,8,house loan reduuced,2,house property,10,house valuation,5,house wife,1,how to calculate income on salary,1,how to calculate new basic,1,how to calculate new da rate,5,how to claculate income on salary,8,how to file correction statement,6,HOW TO FILE RESPONSE TO INCOME TAX DEPARTMENT,1,how to fill date column in punjab vat form 18,2,HOW TO FILL ITR-2,3,how to fill tds challan 280,9,how to invest in Mutual funds,8,how to pay service tax online,4,HOW TO SELECT ITR FORMS,2,How to use atm,5,HRA and house loan,14,HRA AND TRANSPOT DEDUCTION IN Q4 SALRY RETURN,2,HRA CALCULATION,9,HRA CALCULATOR,11,HRA EXEMPTION,1,HRA EXEMTION,6,HRA FAQ,7,HSC ACC CODE,3,huf and 54B,5,HUF CAPITAL,5,HUF CONTRACT POWER,1,huf creation deed,4,HUF DEFINITION,4,huf formation,5,HUF KARTA,4,huf member name,2,HUF PARTITION,5,HUF TYPE,1,ICAI,61,icai suggestions,6,ICAI tool bar,5,ICDS,2,ICES,1,ICICIBANK CREDIT CARD,8,idfc infra bonds,3,ifci,3,IFRS,4,ifsc,1,iifl,2,immovable property,12,IMPACT OF GST,71,implementation of report,2,import,3,IMPORTANT DUE DATES,7,INCOME FROM HOUSE PROPERTY,18,Income from Mutual funds.,14,income from other source,1,income from share equity,14,income processing pending,1,Income tax,12,income tax slabs fy 2008-09,1,INCOME TAX ACT,2,INCOME TAX ACT EBOOK,2,income tax act tds 194C,3,Income tax benefit in budget,1,INCOME TAX CALCULATOR,21,INCOME TAX CALCULATOR 09-10,5,income tax calculator 12-13,2,Income tax calculator 2011-12,3,income tax case selection,1,income tax changes in budget 2010,1,income Tax circular,2,income tax circulars from 1961,1,income tax code 2009,1,income tax due date extended,4,INCOME TAX FORM FILLABLE,1,income tax forms,5,income tax help tool bar,2,income tax notice on late deposit of tds,1,Income tax notification,4,income tax notification from 1961,1,income tax office,4,income tax payment through atm,1,income tax rate chart. i tax rates 12-13,3,income tax rates after budget 2012,2,income tax rates fy 2013-14,1,income tax refund,30,income tax return,36,INCOME TAX RETURN 16-17,15,INCOME TAX RETURN 20-21,11,income tax return 2011-12,9,INCOME TAX RETURN 2015-16,65,INCOME TAX RETURN AY 18-19,15,income tax return due date,18,INCOME TAX RETURN EXEMPTION,6,income tax return form,5,INCOME TAX RETURN FORM 12-13,16,INCOME TAX RETURN FORM EXCEL,4,income tax return form itr-2,1,income tax return last date,5,Income tax rules,7,INCOME TAX SLAB,9,income tax slab in dtc,1,income tax slabs,6,INCOME TAX SLABS AFTER BUDGET,3,income tax ules 9th amendment,1,INCOME WISE ITR FORMS,2,INCOME-TAX-RETURN-AY-17-18,18,INCOMETAX 6TH PAY,2,inconsistancies in etds returns,10,inconsistencies in etds returns,3,IND AS,1,ind-as,3,INDEMNITY BOND,1,India against corruption,3,india budget,2,INDIA VS AUS,1,India win world cup,1,INDIAN BANK CHARGES,7,INDIAN INCOME TAX CALCULATOR 2007-08,1,indian rupee,3,indirect tax proposals,4,INDIVIDUAL HUF TAX RATES,5,indusind bank,1,INFLATION INDEXED NATIONAL SAVING SECURITIES,1,infosys,1,infra bonds limit increased,1,infrastructure Bonds,13,inoperative accounts,8,INPUT SERVICES,4,INPUT TAX CREDIT,19,instruction no 9/2010,1,INSTRUCTION TO FILL ITR-2,1,Insurance,16,insurance claim,2,Insurance policy,10,intangible assets,1,INTER BANK MOBILE TRANSFER,7,inter haed loss adjustment,2,interest,1,interest free laon,2,Interest from bank,3,interest on borrowing capital,3,INTEREST ON HOUSE LOAN,36,INTEREST ON LATE DEPOSIT,12,INTEREST ON LATE GRATUITY PAYMENT,1,interest on ppf account,15,interest on self occupied house,1,interest on small savings,10,interest rate on late deposit,3,interest rate on tds late deposit,3,interest taxable on saving,3,interim budget,5,internal auditor,1,international taxation,7,INTIMATION U/S 143(1),6,Investing,4,Investment,5,investment in shares,2,Investment management,6,investment yogi,1,IPL 2011,1,ipo,5,IRDA,22,irds,1,it calculator 2009-10,1,itat,5,Itax calculator ay 2011-12,2,itax calculator fy 10-11,1,itns 280,2,itns 281,1,itns 282,1,itns 283,1,itns281,2,itr -3 excel 2010-11,1,ITR 11-12,2,itr 2 excel,2,itr 2 rpu,3,itr 4 e filing utility,4,itr 4 fy 2010-11,1,itr 4 rpu,1,ITR AY 18-19,15,ITR EFILING SOFTWARE,10,ITR FORM 12-13,5,itr form 13-14,16,itr form 2 ay 2011-12,1,itr form 2008-09,4,itr form 2011-12,4,itr form 2013-14,1,ITR FORM AY 19-20,7,ITR FORM SAHAJ,17,ITR FORM SELECTION,4,ITR FORM SUGAM,6,itr forms,24,itr forms ay 2009-10,4,ITR RPU 2010-11,2,ITR RPU AY 2008-09,2,ITR RPU AY 2009-10,1,ITR SOFTWARE,3,itr sugam,6,ITR V STATUS,4,ITR WORD FORMAT,1,ITR-1,2,itr-1 2010-11 ay,6,ITR-1 EXCEL 08-09,2,ITR-1 EXCEL 11-12,1,ITR-1 rpu in excel free,1,ITR-2 AY11-12,2,ITR-2 EXCEL 08-09,2,itr-2 excel 2010-11,4,ITR-2A,1,ITR-3 EXCEL 08-09 AND ITR 4 EXCEL 08-09,1,itr-3 rpu,1,itr-4 efiling .itr-5 efiling,5,ITR-4S SUGAM,4,ITR-5 EXCEL,2,itr-6,1,ITR-7,2,ITR-V,26,itr-v status,19,ITUR FORM SUGAM,1,jan 2012 da rate,3,jan lokpal bill,5,jan lokpal vs lokpal bill,2,JAVA BASED INCOME TAX RETURN FORMS,1,JCO,1,Jewellery,6,job switch,2,Job work,11,joint employment,1,joint name,4,judicial decision,1,karnataka high court case,5,key highlights,1,kisan vikas patar,3,KKC,3,KNOW ALL ABOUT TDS,1,KNOW PAN STRUCTURE,7,know the ip address of sender yahoo mail,3,KNOW YOUR,10,KNOW YOUR CST NUMBER,5,know your customer,6,KNOW YOUR DIVISION CODE,1,know your epf balance,12,know your ip address,1,KNOW YOUR LOCATION CODE,2,know your pan,28,know your pan address,2,KNOW YOUR PPF,12,know your refund status,20,KNOW YOUR REFUND STATUS ONLINE,10,KNOW YOUR SERVICE TAX NUMBER,9,know your tax deducted,2,know your tax deposited,2,KNOW YOUR TIN,8,KNOW YOUR VAT/TIN NUMBER,4,Krishi Kalyan Cess,15,krishu kalyan cess,1,KV Kamath,1,kvp,7,kyc,13,LAHMAN BROTHERS,1,land lord pan must,2,laptop,1,LARGE TRANSACTION,3,last date to deposit tds,1,LAST DATE TO FILE ETDS RETURNS,2,last date to file itr 2007-08 extended,1,late deposit of tds,2,LATE FILING OF ITR-V,20,late funishing of return,4,late payment of service tax,4,latest depreciation rates,9,latest income tax circulars,1,latest income tax notification,1,latest notification,3,latest tds rate chart,22,leave,2,leave encashment,8,LEAVE TRAVEL ASSISTANCE,7,Leave Travel concession,8,less,1,liaison office,1,lic,7,lic jeevan vaibhav,1,LIC JEEVAN VRIDDHI,2,lic table 145,1,Life insurance,45,life insurance agent,10,life insurance broker,4,LIFE INSURANCE POLICY,38,LIFE INSURANCE POLICY AND TAX SAVING,19,LIFE INSURANCE PREMIUM,18,Limit for court case,3,Limit of gratuity under income tax,5,LIMIT UNDER SECTION 44AF,2,LIMITED LIABILITY PARTNERSHIP,8,liquidity crises,2,list of taxable service,2,LIVE BUDGET STREAM 2011,1,LLP,9,LLP RATES,1,loan against fdr,4,loan against property,2,loan eligibility,2,loan for higher education,3,LOAN ON PPF,5,loan repayment period calculator,1,LOAN RESOLUTION,1,LOAN SECURITISATION,1,Lok sabha election results/trends all states and all seat,4,lokpal bill,2,long term capital gain,21,low cost laptop,1,lpg,6,lt infra bonds,1,LTC BY AIR,7,LTC OUTSIDE INDIA,2,LTCG,9,lucknow chartered accountants,1,macro,2,mail frauds,1,mail scams,1,mandap keeper,5,mandatory e filing service tax return,15,mandatory epayment of taxes,12,Manoj Agarwal,9,manpower,9,marked to market,1,marketable product,1,MasterCard,4,mat,3,maternity leave,3,MCA-21,15,McDowell and Co. Ltd. (154 ITR 148),1,meaning of transfer in capital gain,1,meanings of finance terms,6,medical insurance premium,14,MEDICAL OFFICER,3,medical u/s 80D,28,MEET,1,MENREGA,1,merge ledger in tally,1,MICR CODE,5,Microsoft,5,Microsoft Excel,7,military pay,2,minimum alternative tax,9,minimum balance,4,minimum experiance for bank branch auditor,1,minimum experience for bank branch auditor,1,minimum service,1,minimum wages,5,mip,1,mis matching,12,MISTAKES IN ETDS RETURN,5,mistakes in itr,1,mistakes in return filling,1,MIXED SUPPLY,2,Mobile Number Portability,5,MOBILE WALLET,1,Money,3,MONEY MATTERS CASE,1,Money Mistake,2,monthly income plans,3,monthly income scheme,6,MOTOR INSURANCE,2,MRTP,2,ms excel,1,MS OFFICE,2,MSME,3,multipal challan,2,multiple pan,2,Mutual Fund,57,mutual funds and tax,29,MVAT AUDIT,7,mvat audit form 704,4,Nabard Bonds,2,name break up in pan,1,nandan nilekeni,1,NATIONAL ELECTRONIC FUND TRANSFER,1,National Identification Authority,1,NATIONAL SAVING CERTIFICATE,2,NAV,1,NEFT,10,NEGATIVE LIST FOR TAX ON SERVICES,31,Net asset value,3,net banking,3,new excise return form,3,new 194 c,5,NEW BASE RATE INTEREST,1,NEW BASIC AND GRADE PAY,2,new basic formula,1,new coin,1,new cut off limit for TDS,2,new da rate,10,new deduction,3,NEW EST-1,1,new etds requirement,1,NEW EXCISE DUTY ITEMS,2,New Foreign Trade Policy,4,NEW FORM ITR FY 2010-11,1,new fuv 2.110,1,new fvu 2.128,3,new income tax act,1,new income tax calculator,5,NEW INCOME TAX RATES,29,new income tax return form 2010-11 itr-1,3,new income tax return form 2010-12 itr-1,1,New Infosys Chairman,1,new itr form,5,NEW ITR FORM AY 2011-12,3,new itr forms,13,NEW ITR FORMS EXCEL,6,new jeewan dhalan,2,NEW PAN APPLICATION,13,NEW PAN CARD,8,NEW PARTNER ADDED,1,NEW PAY BAND,2,NEW PAY SCALE FOR UNIVERSITIES COLLEGES,1,NEW PAYSCALE FOR PROFESSOR LIBRARIAN DPE,1,new pension scheme to govt employee,13,NEW RUPEE SYMBOL,5,new rupee symbol font,2,new sahaJ tax form,5,new section 44AF,2,new service tax rate 12.36,6,NEW SERVICES UNDER SERVICE TAX,8,new tax form,1,NEW TAX RATES,5,new tds rate 2010-11,10,new tds rates fy 2009-10,11,new tds rules applicable.,8,NEW TDS RULES FY 2010-11,4,New Year's Day,1,newly weds,1,nhai bonds,4,nhai capital gain bond,3,nhai tax free bonds,4,nifty,1,nil etds challan,4,nil etds return,5,nil tds on transportor,5,Nishant Batra,2,no return for salary,2,No.402/92/2006-MC (10 of 2008),1,nomination,1,non deduction certificate,1,non deposit of TDS,1,non performing assets,1,NON RESIDENT INDIAN,15,NOR,1,note security features,3,NOTES ON 3CD,10,notice of meeting through email company,1,notice pay,3,notices etds,2,notification 19/2008 service tax,1,Notification 19/2009-ST,1,notification 22/2011,1,notification 23/2011,1,notification 24,1,NOTIFICATION 25/2012,7,Notification 26/2011,1,notification 3-2011,1,notification 32/2009 dated 27.03.2009,1,NOTIFICATION 36/2011,2,NOTIFICATION 41 DT 31.05.2010,1,notification19.03.2012,2,npa norms,3,NPCI,1,NPS,35,NRI,28,nri investment indua,4,NRI.PIO,17,NSC ACCRUED INTEREST,15,NSC INTEREST CALCULATOR,8,nsc.,10,NSDL,4,NSE,2,NUMBER TO TEXT,1,numbers in to text,1,OCI,3,official notification,1,official website,2,oidar,1,oltas,4,one increment,2,ONE RANK ONE PENSION,1,one thousand rupee note,2,online,1,ONLINE BALANCE CHECK EPF,4,online bsnl bill verification,2,online deposit of tax,7,online earning,1,online emi calculator,1,online employee provident fund,3,online epf balcnce,8,online filing of service tax return,14,ONLINE FOREX TRADING,1,online life insurance,6,ONLINE PAN,3,online pan verification,3,online rectification itr,2,online refund,16,ONLINE REFUND STATUS,7,ONLINE REGISTRATION OF COMPANY,2,online return rectification,2,online service tax,2,online services by Govt,1,ONLINE ST-3,7,online tan regsitration,6,online tds payment,4,ONLINE VAT,2,opc,2,OPEN OFFER,1,option date,2,orop,1,other forms,1,other income to employer,3,out of debt,2,OUTPUT SERVICE TAX CREDIT,1,OUTSTATION CHARGES,2,own name,1,PACKAGE SOFTWARE,2,PAN,6,PAN ADDRESS,5,pan and income tax return,1,PAN AO CODE,6,pan application excel,4,pan correction,2,pan details,1,PAN LEDGER,8,pan login,7,pan mandatory for hra,2,pan mandatory in etds,2,pan name verificatio,3,PAN ON RENT RECIPT,1,pan regsitration,2,PAN STATUS NSDL,2,PAN STATUS UTI,1,PAN STRUCTURE,4,PAN SURRENDER,1,pan transfer,1,pan verification,8,pan vs return,1,parcel,1,PARNERSHIP,1,part time course tuition fees,3,part of the year employee form 16,2,part of the year employee form 24q,3,partial reverse charge in service tax,25,partial withdrawal,3,partner salary,5,PARTNERSHIP DEED,5,PARTNERSHIP RATES,1,passport,1,PASSWORD,4,PATENT,1,pay bands,3,Pay calculator,3,pay calculator revised,1,pay commission punjab,1,pay fixation examples,2,pay per post,1,PAY SERVICE TAX ON DUE BASIS,5,payable at par,1,paybands,1,payment bank,1,PAYMENT BY ACCOUNT PAYEE CHEQUE,4,payment by cheque income tax,2,payment due date reminder,1,payment exceeding 20000-35000,1,payment of gratuity act,5,paypal,1,paypal ceiling,1,PDF UTILITY,4,penalty for service tax,8,penalty if cheque cleared late,4,penalty on concealment of Income,7,penalty on late filing non filing of etds return,7,penalty on late filing of income tax return,20,pension,13,pension arrear,2,pension calculator,4,pension da,1,pension fitment,1,pension gazette notification,1,pension notification,1,pension on grade pay military pay,2,pension policy,2,pensioner benefit,3,Permanent account number,8,PERSONAL ACCIDENT INSURANCE,3,personal finance software,3,personal loan,4,PETROL DIESAL SAVE FISCAL DEFICIT,8,PETROL DIESEL PRICE HIKED,12,PETROL EXPENSES VALUATION,8,petrol prices reduced,5,PFC,1,PFC INFRA BONDS,2,PFC TAX FREE BONDS,2,pfrda,2,PHONE BANKING,2,phone password,1,pin,1,pivot tables,3,Place of Provision of Services Rules,4,PLAYER AUCTION,1,pmay,7,pmjdy,11,PMS,2,pmvvy,2,pnr,1,Point of sale,8,POINT OF TAXATION,45,political party deduction,2,Poppy Seeds,1,portfolio,1,POST GRADUATE TEACHER,1,post office fixed deposit,9,post office recurring deposit,10,post office saving deposit account,6,post office schemes,15,postal ballots,1,postal order,2,POWER FINANCE BONDS,2,POWER OF ATTORNEY,1,PPF,38,PPF CALCULATOR,16,ppf huf account,4,ppf interest rate,19,ppf limit,24,ppp,1,ppt,8,ppt fbt,3,ppt on budget 2011,1,PPT UP VAT,1,pranav mukharjee,1,pre construction interest,3,PRE EXISTING E-1 TRANSACTIONS,1,pre filled challan income tax,1,prepayment,1,prepayment penalty,4,press release,1,press release 14.08.2008,3,presumptive tax scheme,13,preventive health check up,4,PRIMARY TEACHER,1,PRINCIPAL,1,printing manual,1,private limited company,10,PROF. TAX,1,profession tax,2,PROFIT RATE UNDER 44AF,1,provident fund dues,1,PROVISION OF FBT ON ESOP,1,provisioning of npa,2,PSPCL,1,PSTCL,1,PSU PAY HIKE,2,public limited company,2,public provided fund,8,PUBLIC SHARE HOLDING IN LISTED COMPANY,2,punjab govt arrear calculator,1,PUNJAB VAT,20,punjab vat notification,16,purchase of residential house,1,pure agent,1,qfi,1,quarterly statement status,3,QUIZ,9,rail freight,6,railway budget,12,railway budget 2012,2,railway ticket,9,RAILWAYS BUDGET 09-10,2,RAILWAYS BUDGET 11-12,1,rajiv gandhi equity saving scheme,13,RAJKUMAR S ADUKIA,4,ramalingam,15,Rate of return,1,RATES AFTER BUDGET,1,rates of service tax,3,rbi,82,RBI ACT,22,RBI Circular on e-payment of taxes,2,RBI FALSE CALLS,9,RBI FALSE MAIL,5,RBI INSTRUCTIONS GAR-7,1,RBI MONETARY POLICY,13,rbi monetary policy 2012,2,RBI NOTIFICATIONS,7,rbi report on customer services,2,ready reckoner income tax,4,REAL ESTATE,9,Real Estate Investments,4,REAL TIME GROSS SETTELEMENT,1,reason for mis matching,6,REBATE ON INPUT GOODS AND SERVICE,3,REC Bonds,3,rec infra bonds,1,rec tax free bonds,2,recent,210,rectification of return online,4,reducction in crr,1,refinance calculator,3,refund,8,refund due to diff in valuation of perquisites,3,refund of service tax on cancellation of tickets,4,refund pilot scheme,4,refund without matching,6,registration charges tax saving,1,RELIANCE COMMERCIAL FINANCE,1,RELIANCE GOLD LOAN,3,RELIANCE LIFE INSURANCE,3,RELIANCE MUTUAL FUNDS,1,relief calculator 2010-11,1,relief calculator fy 2011-12,1,REMUNERATION TO PARTNERS,7,RENT,1,rent a cab,2,RENT RECIPT,1,RENTING OF IMMOVABLE PROPERTY AFTER 01.07.2012,8,RENTING OF IMMOVABLE PROPERTY AFTER BUDGET 2010,5,repayment of housing loan,1,REPLY TO CPC FOR NOTICE,11,REPO RATE,12,Reserve Bank of India,2,reset password,1,RESIDENTIAL STATUS,4,RESOLUTIONS,1,response to outstanding demands,3,RESTAURANT,10,restricted leave,1,retail investor,4,retirement planning,9,retirement steps,2,Retiring early,1,retrospective amendment,1,RETURN EXEMPTION SALARIED CLASS UP TO 5 LAKH,6,RETURN FILING DATES,1,return filing in odd conditions,1,return for contractors tax deducted,1,return not required with pan,1,return of income,1,RETURN PROCESSING,4,RETURN UP TO 5 LAKH,5,RETURN UPTO 5 LAKH,1,REVENUE STAMP ON CHEQUE PAYMENT,4,REVENUE STAP ON RECEIPT,1,reverse charge on works contract,17,REVERSE CHARGE GST,57,reverse charge of service tax,43,reverse mortgage,3,reverse of 80C benefits,3,REVERSE REPO RATE,12,REVISE RETURN,3,revised option date,1,revised pay calculator,3,revised return,4,REVISED SCALE,1,rgess,9,rich,1,right to reject,2,RPF,5,rpu,9,rpu 1.7,1,rpu 2.2,2,rpu 2.5,1,rpu 2.7,1,RPU 3.00,1,rpu 3.1,1,RPU ITR 2011-12,1,rpu2.8,1,RTGS,12,rti,2,rti fees,2,rule 12 of income tax return.,10,RULE 2A,1,rule 4A,2,rule 6(4A),1,rule 6(b),2,rule 6DD,5,rule3,2,rule40BA,1,RUPEE SYMBOL,4,s,1,safety tips for atm,4,SAHRE SHORT TERM CATIAL GAIN,5,salary calculator,7,SALARY ETDS Q4,5,salary in new direct tax code,1,salary structure,2,salary tds,7,sale in transit,4,sale of agriculture land,8,SALE OF DEBENTURE,1,sale of residential house,2,SALES MEANING 44AB,5,Sales tax,1,samsung case,3,saral 2,3,saral II,1,SARAL II IN EXCEL,1,Satyam,1,Satyamevjayate,1,SAVE TAX,2,SAVING ACCOUNT,6,saving bank interest,18,saving bank interest rate,2,saving linit u/s 80c,8,saving more than income,2,SAVING PASSBOOK,1,sbi 9.75 % bonds,1,SBI bonds,1,sbi home loan,4,SBI interest rates,10,sbi net banking,4,sbi rates,6,SBIOAHC,1,SBS WIKI,1,SCAM,2,schedule VI companies act,2,SCOPE OF ETDS STATEMENT,1,SCOPE OF SERVICE ENLARGED,1,SCOPE OF SERVICES WIDENED,1,scrutiny fy 11-12,3,scrutiny selection,17,search income tax,5,seat wise/constituencies wise and party and party candidate wise latest position,1,sebi,24,SEC 194 C,5,SEC 194 I,10,sec 194 J,4,secion 80c,4,SECRETARIAL STANDARD,3,secrutiny of itr,1,section 10(10AA),1,SECTION 10(13A),4,section 10(38),2,SECTION 10(5),1,section 139(1),1,section 139(4),1,section 139(5),1,Section 14,1,SECTION 145,3,section 154 return online income tax,4,section 16(iii),1,section 189,1,section 192,7,section 194-J,6,SECTION 194A,4,section 195,11,SECTION 195A,1,section 197,5,SECTION 2(37A),1,section 201(1A),2,section 203(3) section 206(C)(5),5,section 205,1,SECTION 24(b),8,section 269SS 269T,6,section 270A,5,section 271(1)(c),1,section 282B,1,Section 36(1)(vii),1,section 40(a)(ia),13,SECTION 40A(3),12,section 43(5),1,SECTION 44AB 2007-08 LAST DATE,4,section 44AB limit,13,SECTION 44AE,4,SECTION 44AF,2,Section 50,1,Section 50C,2,section 54,29,section 54f,8,SECTION 60,1,section 616(c),1,SECTION 64,1,section 66B service tax,4,section 68,1,Section 73,1,section 80 M,2,section 80c,3,section 80CCF,7,section 80D,18,section 80E,8,secured code master card,5,Securities and Exchange Board of India,1,security features,1,sehaj,1,self assessment tax,4,Seminar on service tax changes,1,Senior citizen,17,Senior Citizens Savings Scheme 2004,17,service charge,2,service ta,1,SERVICE TAX,45,service tax code,1,Service Tax (Removal of Difficulty) Order,1,SERVICE TAX 2010,1,service tax ac class,1,service tax accounting code,5,service tax adjustment,1,service tax audit,10,SERVICE TAX CHANGES FROM 01.07.2012,46,service tax changes in budget,58,Service TAX CLARIFICATION,17,SERVICE TAX COMPLIANCE,1,SERVICE TAX DEPOSIT DUE DATE,9,SERVICE TAX DUE DATE,6,Service Tax excel pdf word,1,SERVICE TAX EXEMPTION LIMIT,9,Service Tax Form excel pdf word,3,SERVICE TAX FORMS,1,service tax internet banking,1,service tax notifications,5,SERVICE TAX ON LAW FIRM ADVOCATES,3,service tax on transportation of passengers by air,2,service tax on advocates,5,SERVICE TAX ON BROKERAGE,2,service tax on ca,2,service tax on coaching,4,service tax on construction services,23,service tax on director services,5,SERVICE TAX ON DISTRIBUTION OF ELECTRICITY,2,SERVICE TAX ON EDUCATIONAL SERVICES,4,service tax on gta,7,service tax on health services,4,service tax on hotel clarification,12,SERVICE TAX ON HOTEL ROOM RENT,10,service tax on invoice basis,5,service tax on lawyers,1,SERVICE TAX ON LEASING,1,SERVICE TAX ON PACKAGE SOFTWARE,1,service tax on railway freight,8,SERVICE TAX ON RENT,6,service tax on road,4,service tax on transmission distribution of electricity,4,service tax on work contract tax,9,service tax on wrong head,1,service tax onr eimbursements,1,SERVICE TAX PAYMENT,6,SERVICE TAX PROCEDURES,3,SERVICE TAX RATE CHART,12,service tax rate effective date,12,service tax rate reduced,5,service tax rates increased,21,SERVICE TAX REGISTRATION,12,SERVICE TAX REGISTRATION LIMIT,4,SERVICE TAX RETURN,34,SERVICE TAX RULES,11,service tax section 65(105)m,1,SERVICE TAX VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME,17,SERVICES CHARGES OF BANKS,2,SERVICES TAXABLE,5,servicetax,1,set off in same head or other head.,9,sevice tax on associate enterprises,2,sez,6,share,2,share market,3,SHARE SHORT TERM Capital GAIN,8,share transfer,1,share your thoughts,1,SHOME COMMITTEE REPORT,3,Short term capital gain depreciable Assets,1,SHORT TDS,1,SHORT TERM ACCOMMODATION,1,short term capital gain 15 %,9,SIM CARD,2,SIMPLE TAX CALCULATOR,2,single premium policy,2,sip,8,SIXTH COMMISSION,2,sixth pay commission,17,skimming,1,slider based EMI calculator,1,SLR,4,small saving schemes,16,small service provider,1,smart buying tips,1,software import,1,son eduction loan father,1,speak asia,3,speak asia fraud,2,speak asia online,2,speed clearing,3,spending habits,1,SPF,8,splitting of wages,2,Spreadsheet,2,SRVICE TAX CLARIFICATION,9,ss patta,1,ST-1 EXCEL,4,ST-2,2,ST-3,12,stamp duty,3,STANDARD DEDUCTION,3,standing committee,1,startup india,2,status of return,1,STATUS OF TAX DEDUCTED,1,statutory audit,7,stay on demand notices,4,STCG 10% 15%,11,STGC,1,Stock,1,STOCK EXCHANGE,1,STOCK MARKET FROM 9.00 AM.,1,STOCK MARKETS,1,stp,1,STRUCTURE AND VALIDATION OF PERMANENT ACCOUNT NUMBER,2,stt,7,stt challan,1,sub contractor,3,SUBPRIME CRISES,2,success secrets,1,sugam,4,Sukanya Samriddhi Account,10,SUPREME COURT,2,SUPREME COURT RENT,7,sur name in pan,1,surcharge cess on tds,4,Surrender-Cancellation of Service Tax Registration,1,survey income tax,5,SWACHH BHARAT CESS,12,swiss bank,1,Systematic Investment Plan,6,tally 7.2,3,tally 9,5,tally easy,3,tally erp9,6,tally recycle bin,3,tally shortcut,10,tally simple,8,tally tips,5,TAN,3,TAN STRUCTURE,1,Tariff Value,1,Tax saving,4,tax accounting standards,4,TAX AMNESTY SCHEME,4,tax benefit from budget,2,TAX CALCULATION,4,TAX CALCULATION 2008-09,1,TAX CALCULATION FORMULA ADDIN EXCEL,2,TAX CALCULATOR,1,tax calculator 10-11,2,TAX CALCULATOR 2008-09,1,tax calculator 2010-11,2,tax calculator after budget 2011,1,tax calculator financial year 10-11,1,tax calculator fy 11-12,1,tax calculator income tax,1,tax collection,3,Tax credit,5,TAX DEDUCTED AT SOURCE CALCULATOR (TDS)2007-08,2,tax deducted at source return etds,3,Tax deduction,7,tax deduction at source chart,1,TAX EVASION,1,Tax free bonds,7,TAX ON ARRERS,1,tax on due date by cheque,2,tax on perquisite,4,TAX ON PROVIDENT FUND,2,tax payment by internet,1,tax payment from other's account,1,tax payment online,1,tax planning for salary,4,TAX RATES,2,tax rates changes in budget 2011,2,tax rates in new tax code,1,tax return preparer,1,tax saving capital gain,3,tax saving mutual funds,17,tax saving tips,1,TAX SLABS,6,tax through atm,2,tax yogi,3,taxable allowances,5,Taxation,1,Taxation in India,1,TAXES BY INTERNET,1,TAXMANN,4,TAXPRO CHALLAN,2,tcs on gold,11,tcs on jewellery,8,TCS ON MINERALS,2,tcs rate chart,5,TCS RATES,15,tds certificate,2,tds 194I Limit for deduction,7,tds at less rate,6,tds calculations,2,tds calculator,11,tds calculator after 1.10.2009,1,TDS CERTIFICATE,6,tds challan 281,5,tds chart,1,TDS CORRECTION,3,TDS CREDIT MORE TAN ONE YEAR,4,tds cut off limit changed,1,tds deducted in march,8,TDS DEFAULT BY EMPLOYER,2,tds deposited on time,2,tds due date,5,tds man,4,tds matching,5,tds noitce,1,tds not deducted penalty,5,tds not paid,1,TDS ON BANK INTEREST,1,tds on car charges,1,TDS ON COLD STORAGE RENT,4,tds on commission,2,tds on discount on prepaid cards,1,TDS ON EPF,2,tds on fees,1,TDS ON GST,6,tds on immovable property,18,TDS ON INTEREST,4,tds on job work,2,tds on Non resident,10,tds on players,3,tds on professional services,5,tds on rent,13,tds on royalty,5,TDS on salary,33,tds on sale purchase of property,1,tds on service tax,9,tds on service tax on professional services,4,tds on service tax u/s 194-J,7,tds on taxi hire charges,3,tds on technical services,1,tds on transporter,5,tds on transportor,2,tds on travel agent,1,tds on umpires,1,tds on vehicles,1,tds online,1,tds payment online,1,tds payment online mandatory,2,TDS PRESENTATION,1,tds professionals,1,TDS PROVISIONS,1,TDS RATE 10-11 -TDS DEPOSIT TDS RETURN DUE DATE DOWNLOAD PDF,3,tds rate 2011-12,1,tds rate 2012-13,5,tds rate after budget,4,tds rate chart,15,TDS RATE CHART 11-12,5,tds rate chart 2019-20,1,tds rate chart fy 2014-15,1,tds rate chart fy12-13,1,TDS RATE WITHOUT PAN,3,TDS RATES,31,tds rates 07-08 EXCEL,3,tds rates 09-10 FY,6,TDS RATES 10-11,11,tds rates 2012,4,tds rates after budget 2010,2,TDS RATES ASSESSMENT YEAR 2011-12,4,tds rates chart 10-11,2,TDS RATES DIRECT TAX CODE,2,TDS RATES FOR AY 2010-11,2,tds rates fy 2016-17,3,TDS RATES FY 2017-18,3,TDS RATES FY 2018-19,1,TDS REFUND,11,tds return online free,3,tds rules amendment,4,tds salary rate,3,tds section 194C,9,tds software,1,tds statement,2,tds taxi charges,1,tds u/s 194C,6,TDS U/S 195,8,tds verification,2,TDSCPC,28,tdsman,15,tdsman software,13,TEACHER PAY SCALE,1,TERM DEPOSIT,3,TERM INSURANCE,8,term plan,2,The companies act 2013,132,The companies rules,115,THIN CAPITALISATION,1,third party insurance,2,ticket booking tds,2,time deposit,1,TIMING CHANGE,1,tin structure,2,tin-nsdl,14,tin-nsdl free etds statement software,3,TIN-NSDL.TIN NSDL FORM 16,4,TOLL FEES,1,tool bar for Chartered Accountants,5,TOP BANK OFFICIAL CBI ARREST,1,TR-6,1,traces,15,TRADEMARK,2,trading in shares,5,transaction not transfer,1,transfer fee,1,transfer includes,2,transfer loan from one bank to other,1,transport allownace,6,transport of goods by rail,5,travel agent tds,1,tribunal,1,trp,1,tuition fees,7,tuition fees children,2,TURNOVER MEANING 44AB,8,two challan in same month,1,uan,12,ubislate,1,UDYAM PORTAL,1,UGC PAY SCALES,1,uid,10,uidai,5,ulip,28,ULIP AFTER BUDGET,4,ulp,2,unclaimed deposits,5,undeliverd refund status,1,undelivered refund status,4,uniform allowance,2,union budget 2010,1,union budget 2011,2,union budget 2012,5,union budget 2012-13,29,unique identity number,5,unique tds certificate number,2,Unique trasaction number,3,unit linked insurance plan,6,UNIVERSAL ACCOUNT NUMBER,3,universal life plans,1,unsecured non convertible debentures,4,up election,3,UP VAT,2,UPI,1,USA,1,use of tally,1,uti pan card,3,UTN,5,V S Vadivel FCA ACS,1,valuation of motor car,5,valuation of perquisites,16,valuation of perquisities,11,valuation of rent free house accommodation,5,valuation of works contract 01.07.2012,11,VALUE ADDED TAX,5,VAT,8,vat 11 digit detail,2,VAT ACT,3,VAT AND SERVICE TAX ON SOFTWARE,2,VAT DEFULTERS,1,VAT FORMS,2,VAT LATEST RULES,3,VAT MEANING,1,VAT NUMBER PUNJAB,1,vat on petrol,3,vat rate 4 to 5 %,1,vat rate changes punjab,3,VAT RATES,2,VAT RULES,1,VAT SCHEDULE,1,VAT TDS ON WORK CONTRACT,4,VAT UP AT A GLANCE,1,VCES,7,verified by Visa,3,VERIFY EXCISE CODE,1,verify pan,2,VERIFY SERVICE TAX CODE,7,VERIFY YOUR SERVICE TAX DEPOSIT,1,video,12,VIEW 26AS,7,VIEW YOUR TAX CREDIT,6,view your taxes online,5,Visa,2,VISHAL-REHEJA,1,vodafone,2,WAGES,3,ward circle,2,wealth tax,8,WEBCAST OF BUDGET 2011 ON COMPUTER,2,weighted scientific research deduction,2,what do u mean by micr,2,what does 10 digits of pan card indicates,1,what does each letter in pan number indicate,1,WHAT IS CHEAPER,1,what is company code 0020,1,WHAT IS DEARER,1,what is micr code,2,what is neft,4,what is PAN,1,WHAT IS STC,3,what is the meaning of rtgs,2,whatsapp,1,WHEAT AND PADDY,1,white paper,1,who can file sahaj.,10,who can sign income tax return,2,who can use itr-2,4,WIFE'S POLICY PREMIUM,2,wifes name,2,WILL,4,window dressing,1,without consideration,1,work contract service tax,16,working capital,1,Workmens Compensation Act,3,WORKS CONTRACT,3,wrong accounting code in service tax,1,wrong assessment year in challan,4,wrong head on challan,2,wrong name error in e filing registration,7,WRONG NAME IN ETDS RETURN,2,wrong pan on challan,2,wrong pan while deposit,1,wrong section on challan,3,www.satyamevjayate.in,1,xbrl,5,XLSX,2,ynitya income tax calculator,22,
ltr
item
SIMPLE TAX INDIA: BUDGET-2021 HIGHLIGHTS
BUDGET-2021 HIGHLIGHTS
https://1.bp.blogspot.com/-EklzP-7EIRo/YBftAHUROLI/AAAAAAAAUQY/G29-XnXpKqgq8KFwPfopoBBsBbXG5caqACLcBGAsYHQ/s16000/budget%2B21%2Brupee%2Bcomes%2Bin.png
https://1.bp.blogspot.com/-EklzP-7EIRo/YBftAHUROLI/AAAAAAAAUQY/G29-XnXpKqgq8KFwPfopoBBsBbXG5caqACLcBGAsYHQ/s72-c/budget%2B21%2Brupee%2Bcomes%2Bin.png
SIMPLE TAX INDIA
https://www.simpletaxindia.net/2021/02/budget-2021-highlights.html
https://www.simpletaxindia.net/
https://www.simpletaxindia.net/
https://www.simpletaxindia.net/2021/02/budget-2021-highlights.html
true
2004257931445490362
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content