GST Roll Out: Council approves Draft Rules

In a major move to roll out GST in the coming July, the Goods and Services Tax (GST) Council approved the drafts of four sets of rules and finalised five others on Friday. The council,...

Rajya Sabha passes Finance Bill, 2017 with Five Amendments

The Rajya Sabha, today passed the Finance Bill with five amendments.The Lok Sabha, last week had given assent to the Bill with some major amendments. While replying to the debate on amendment, Finance Minister Arun Jaitley strongly...

Rental Income, EMIs to attract GST from 1st July

From July 1st onwards, leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will attract the Goods and Services Tax, the new indirect tax regime. Sale of land...

Budget 2017: Salient Features of Direct Tax Proposals

The Union Budget 2017 was laid before the Parliament today by Finance Minister of India. The salient features of Direct Tax proposals are summarised below: Affordable Housing: Three concessions in the scheme of Income Tax...

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