Deduction of the Corporate Tax Rate Under the Income Tax Act

Deduction of the Corporate Tax Rate Under the Income Tax Act

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Introduction The Finance Minister in his budget speech of 2015 mentioned that the basic rate of Corporate Tax in India is 30%, which is higher comparatively with other Asian economies. Whereas, the effective rate of tax in India is close to 23% due to higher exemptions given to the companies. Thus, this leads India to […]

Swachh Bharat Cess on Service Tax

Swachh Bharat Cess (SBC) – Increased Burden of Service Tax

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What is Swachh Bharat Cess (SBC)? The Swachh Bharat Mission (SBM) was initiated and officially launched by the government of India on 2nd Oct, 2014 by the Hon’ble Prime Minister with an aim to accomplish the vision of ‘Clean India’. The campaign covers approximately 4,041 statutory cities and towns to clean the roads, streets, localities […]

Digital India

Digital India

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‘Minimum Government, Maximum Governance’ That’s PM Modi’s mantra. Providing access to internet is one of PM Modi’s pet projects. From online registrations, availability of forms to other important document work – everything has been made easier through online procedures. What is Digital India? Prime Minister Narendra Modi’s Digital India programme is like a giant umbrella […]