TDS Provisions as per Budget 2016

Finance Bill proposes rationalization of TDS rates and threshold limits (w.e.f 1st June, 2016) TDS Provisions as per Budget 2016 / TDS Rate chart as per Budget 2016 / TDS Rates 2016-17 Sr. No. Section Provision Existing Provision Proposed amendment 1 192A Payment of accumulated balance from provident fund account No TDS if payment does … Read more

Key Features of Kanataka State Budget 2016

Chief Minister Siddaramaiah on Friday the 18th March 2016 presented Karnataka Budget 2016-17 in which major focus have been laid on water resources and agriculture sectors.Following are the key features of Karnataka Budget 2016-17 presented by CM Siddaramaiah in state assembly:- 1. A budgetary allocation of Rs 4344 Crore has been made for Agricultural department … Read more

Article of Foreign Direct Investment

What is Foreign Direct Investment (‘FDI’) ? ‘FDI’ means investment by non‐resident entity/person resident outside India in the capital of an Indian company under Schedule 1 of Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. FDI can be done by a non resident entity, non‐resident person, Foreign … Read more