1.No TDS for provident fund withdrawals of up to Rs 50,000 ( increased from Rs 30000/-) from today, June 1, 2016 as notified yesterday.
2. Krishi Kalyan cess @ 0.5% on all taxable services with effect from Today, 01.06.16 resulting in effective rate of Service Tax @ 15% ie 14% service tax, 0.50 % swatchh Bharat cess and 0.50 % Krishi Kalyan cess.
3. Pay 45% Tax and declare undisclosed Income From 01.06.2016 to 30.09.2016.
4. TCS @ 1% will be applicable on purchase of car valued more than Rs 10 lacs and purchase of jewellary for more than Rs 5Lacs with effect from June 1,2016. The earlier limit of Rs 2 lacs on jewellery has been increased to Rs 5 lacs now.
No comments:
Post a Comment