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Archive for February, 2013

Gujarat Budget 2013-14 – Proposed changes in VAT & Other Tax Rates

[By Shaleen Shah (Partner), with Kirit Rana (Manager) & Kushal Shah (CA Student), VNCA] The Gujarat Finance Minister placed the Budget for 2013-14 before the State Assembly on 24-Feb-2013. The Budget proposals include the following changes in VAT & Other Tax Rates: Sr. No. TOPIC DESCRIPTION Existing rates Proposed rates 1. LUMP SUM TAX (VAT) […]

CBDT Circular Clarifying Issues Relating To Export Of Computer Software

F. No. 178/84/2012-ITA.I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 17th January 2013 Circular No. 01/2013 Subject: Issues relating to export of computer software – Direct tax benefits – Clarification reg The Indian Software Industry has been the beneficiary of direct tax incentives under the […]