Jblb Consultancy Services Pvt. Ltd

*BUDGET HIGHLIGHTS | DIRECT TAX*

*1.* Provision for filing *‘Updated Income Tax Returns’* within 2 years from the end of relevant assessment year.

*2.* Reduced AMT rates for Co-operatives from 18.5% to 15%.

*3.* Reduced surcharge for Co-operatives with total income of 1Cr to 10Cr.

*4.* *Tax relief for persons with disability:*
Allow annuity payment to differently abled dependents when parents attaining age of 60 years.

*5.* Deduction for National Pension Scheme for State Govt. Employees u/s 80CCC made at par with Central Govt.

*6.* *Start-ups* established before 31.03.2023 (earlier 31.03.2022; now extended by 1 year) will be provided tax breaks.

*7.* Last date for commencement of manufacturing for claiming lower tax regime under Section 115BAB to be 31.03.2024 (earlier 31.03.2023; now extended by 1 year)

*8.* *Virtual Digital Assets (VDA) (Cryptocurrency):*
- Income from transfer of virtual digital assets to be taxed at 30%;
- No deduction for expenses other than cost of acquisition;
- No set off of losses TDS @ 1% on consideration above specific threshold;
- Gift to be taxed u/s 56(2)(x)

*9.* No repetitive appeals for common question of laws.

*10.* Off-shore banking units/ IFSC income to be provided exemptions.

*11.* Surcharge of certain AOPs to be capped at 15%.

*12.* Surcharge on LTCG on any assets to be capped at 15%.

*13.* Health and Ed. Cess not allowable as business expenditure u/s 37.

*14.* No set off of losses against undisclosed income detected during search & survey.

*15.* No Change/Relief in Income Tax slabs, Tax rates, deduction under chapter VI-A, Standard Deduction.[Very disappointing for common Tax Payer]

A disciplined and consistent investment always results in excellent results.
These are some of the returns of our clients.Its all about strategic investment and skilled portfolio making. JBLB FINANCIAL SERVICES PRIVATE LIMITED has outdone in providing best financial services to its clients.
Do contact us @ *[email protected] / 6291629699* for further information and get your adept investment done.

Eid Mubarak to Everyone !!

GYAN

JBLB CONSULTANCY* is a One Stop Solution to all your financial difficulties. Here we provide all finance related services with our team of experts. Do contact us at [email protected]  / 6291 629 699  for more details.😊

GYAN

JBLB CONSULTANCY* is a One Stop Solution to all your financial difficulties. Here we provide all finance related services with out team of experts. Do contact us at [email protected]  / 6291 629 699  for more details.😊

Now you can earn cash by saving the Rhinos!

MCA permits remuneration to independent directors in case of loss made by companies

UGC approved CA/CS/ ICWA qualification equivalent to post graduation degree. (PDG)