Shiv Baba Medical Agency

07/09/2020

We are required one delivery Boy for our company Interest candidate pls call on below Mobile No. 8601216023 or 7387490991

01/02/2020

*Budget 2020 key highlights*

* GST bring synergy in logistics sector (20% time reduction)
* 60 lakhs new taxpayers added via GST introduction
* New simplified GST returns from April 2020
* FDI elevated during period 2014-2019 to $284bn
* Central government debt reduced to 48.7% of GDP in 2019
* 16 points action plan for agricultural & irrigation sector under aspirational India
* New Education Policy will be announced soon
* ECB and FDI will open in education sector
* Degree level full fledged online programs to be started
* National Police University & Forensic university is proposed to be set up
* INR 99,300 cr proposed for education sector
* Investment clearance cell to be set up to facilitate investments and to provide advisory at State as well as Centre level
* 5 new smart cities to be developed
* Move to develop each district an export hub
* INR 27,300 cr for promotion of industry & commerce
* National logistics policy to be released soon
* Digital refund of duties to exporter
* Setting up of solar panels on barren lands
* More Tejas types train to be introduced to connect iconic cities
* 100 more Airports to be developed by 2024
* Proposed to states to replace old electric meters to the smart pre-paid electric meters. This will give flexibility to consumer to choose service provider.
* INR 22,000 cr proposed for power & renewal energy sector
* Private sectors to built data centre parks throughout the country, policy may come soon
* INR 6,000 cr proposed for 'Bharat Net'
* Funding for ideation and start up
* INR 28,600 cr proposed in this budget specific to women
* Proposed to set up Indian Institute of Heritage & culture as a deemed university
* 5 Archeological sites would be developed as iconic sites with onsite museums
* Setting up of Tribal Museum in Ranchi, Jharkhand
* INR 2,500 cr proposed for development of Tourism sector
* Taxpayer's charter to be a part of statute to build confidence/trust
* Government will ensure that citizens need not worry about tax harassment. There is a debate on building criminal liabilites for civil acts. Companies Act will be amended to correct this
* India to host G20 presidency in 2022; INR 100 cr allocated for preparation
* Robust mechanism is in place to monitor health of all scheduled banks
* Insurance cover for deposits increased from INR 1 lakh to 5 lakh
* Universal pension coverage with auto enrollment to be introduced (through PFRDI) to every person
* Invoice financing by NBFCs to MSME sector - Amendments to be made in Factoring Act
* Certain amendments to be made in SARFESI Act
* Non residents can invest in certain Government securities
* Liquidity constraints of NBFCs & HFCs will be addressed - Government has taken steps from last year
* International Buillion exchange to be setup in GIFT IFSC
* LIC initial public offer will come to list on stock exchange; Government will sell part of its holding

*Part-B - Tax Proposals*

* Personal income tax - proposed to bring new income-tax regime for individual Taxpayer's
New slab rate (without exemption)
10% - income 5 - 7.5 lakhs
15% - 7.5 - 10 lakhs
20% - 10 - 12.5 lakhs
25% - 12.5 - 15 lakhs
30% - Above 15 lakhs

Income upto 5 lakhs no tax, says FM

* if individual ears income of 15 lakhs then tax would be 1.95 lakh vis-a-vis 2.73 lakhs as earlier

* New scheme of individual tax rates is optional
* FM says - reviewed all existing income tax exemptions and removed 70 of them in new regime and will review remaining and rationalize
* Propose to remove DDT and dividend would be taxable in the hands of shareholders; removal of cascading effect of dividend distributed by holding to subsidiary (25k cr revenues forgone on account of DDT abolishion)
* Concessional tax rate for electricity/power generation companies
* 100% tax exemption on new investment by foreign funds in infrastructure sector by 2024 with a minimum lock in period of 3 years
* ESOPs given by startups to employees currently taxed as perquisites; deffering of tax payment by employees to 5 years
* Increase in turnover limit from 25 cr to 100 cr for startups
* Deduction can be claimed by startups upto 10 years
* Tax audit turnover threshold limit increased from 1 cr to 5 cr
* Concessional 5% withholding tax has been extended to municipal bonds. Cooperatives are taxed at 30 percent now. Cooperatives can choose a 22 percent tax with 10 percent surcharge and 4 percent cess with no exemptions.
* Complete online registration of charitable institutions
* Faceless appeals on the line of faceless assessment
* Vivad se Vishwas Scheme introduced - New direct tax dispute settlement scheme
* More than 4.83 lakhs cases pending at various forums
* Taxpayer's need to pay only disputed amount of tax (no penalty be charged) by March 2020; scheme will be available till June 2020 but some additional payment to made in-addition to tax
* CBDT to adopt Taxpayer's charter
* PAN shall be instantly allotted on the basis of Aadhar without any filling up of form
* Personal interface with tax administrators will be at minimum level
* GST reforms will continue including a simplified return-filling form. FM says, refund has been simplified and has been fully automated.

12/12/2019

We are required 4 delivery Boy for our company Interest candidate pls call on below Mobile No. 08601216023. Salary 4000 To 5000

01/01/2019

नए वर्ष में नई पहल हो।
कठिन ज़िंदगी और सरल हो।।
अनसुलझी जो रही पहेली।
अब शायद उसका भी हल हो।।
जो चलता है वक्त देखकर।
आगे जाकर वही सफल हो।।
नए वर्ष का उगता सूरज।
सबके लिए सुनहरा पल हो।।
समय हमारा साथ सदा दे।
कुछ ऐसी आगे हलचल हो।।
सुख के चौक पुरें हर द्वारे।
सुखमय आँगन का हर पल हो।।

नए वर्ष की शुभकामनाएँ |

22/12/2018

GST council meeting has just concluded and it was an utter disappointment looking at that most of the policy decisions have been deferred. Looks like the focus was only on rationalization of rates of tax. Most of the items presently charged at 28% has been reduced to 18%. The frozen vegetables has also been reduced from 5% to zero. So not much apart from rate of tax has been done.

What has not been reduced on rate of tax is cement, automobiles part, Air Conditioner and Dishwasher. The auto parts also continue to be charged at 28%. The Council analysed that 22% of the tax revenue is collected from items charged at 28%. Sin Goods and luxury items also continue into 28% bracket.
1. Religious visits to Haj/pilgrimage through chartered plane has been reduced to rate of tax charged with normal flights.
2. But there were no sound related to refund for railway sector or implementation of new amended provisions. The council did not focus on any of such policy matters and had deferred the same for next GST Council Meeting.
3. We expected that there shall be some announcement related to the new GST Return formats. There council decided that a trial run for these new return formats would start from 1st April 2019.
4. Also government provided a major relief to the taxpayers by allowing ITC to taxpayers for FY 2017-18 till 31st March 2019.
5. Also it has been decided that the interest shall be charged only on the net cash payable liability on the taxpayer and not on full tax liability. This means that the interest shall be charged on the tax payable after utilisation of Input Tax Credit. A suitable amendment u/s 50 has been proposed.
6. Further in a major decision Council has in principally approved the Composition scheme for the small scale service providers. It was felt that the service sector especially small scale ones are under huge burden of GST. The council unanimously approved the scheme for small scale service providers. The rates and threshold limit for this scheme shall be decided in forthcoming meetings.
7. Taxation on residential property in real estate sector to be reviewed by the fitment committee. Decision regarding 12% tax on under construction property needs to be taken.
8. The Council is also thinking on lines to increase the basic threshold limit of Rs. 20 lacs. Also there had been changes proposed in case of natural calamity. Also where there this conflicting views of two or more AAR, the central authority will take the view and same shall be binding nationally.
9. The services provided by banks to saving accounts holder and holder of jan dhan account shall be exempted.
10. Setoff amongst different head/sub head of tax shall be allowed. A common ledger will be prepared where the amount shall be utilised inter head.
11. Also the annual return and GST Audit extended till 30th June 2019. Also major change expected in these return. Taxpayer can also make changes in the data he had filed in his monthly returns.
12. The council also decided that refund applications shall be purely online and there shall be no manual process. Based upon test run the future course of action shall be decided.
13. No Late fees to be charged till 31st March 2019

01/11/2018

October is Breast Cancer Awareness Month. Take time to support survivors, learn about your family’s history of breast cancer, make an appointment with your healthcare provider to talk about your risk, and make healthy choices that can reduce your risk of breast cancer. http://bit.ly/2nFb3lo

14/05/2018

13/02/2018

जो अमृत पीते हैं उन्हें देव कहते हैं,
और जो विष पीते हैं उन्हें देवों के देव
"महादेव" कहते हैं ... !!!

♨ ॐ नमः शिवाय ♨

,-"""-,
| == |
| @ |
('''"""""""""")===,
'>------