Budget 2018

posted in: Audit, Compliance, Income Tax | 0

Changes made in the Budget 2018 Summary of the Budget 2018:- Income Tax Slabs remain unchanged Cess on Income Tax hiked from 3% to 4% Standard deduction of 40,000 in lieu of transport allowance and other medical expenses. Reintroduction of … Continued

Expectations from Budget 2018

posted in: General | 0

There are a lot of expectations from Budget 2018 and the common man is hoping that with a number of fiscal reforms already in place, and with direct tax collections up post the demonetization period, the government would provide some … Continued

Advance Tax

posted in: Compliance, Income Tax | 0

Advance Tax What is advance tax? Simply put, it is an advance payment of tax. Instead of paying your taxes in one go at the year end, it has to be paid in installments. This scheme is also known as … Continued

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