🌺 Highlights of *Union Budget 2023-24*.

*General*
1. EPFO Numbers doubled to 27 crores
2. Agriculture accelerator fund to boost startup in Agri sector. Special scheme to boost fisheries
3. 38,800 teachers will be employed in 3.5 lakh Eklavya tribal school.
4. Capital outlay of Rs. 2.40 lakh crore for Railways.
5. 50 New Airports and Heliports to be made.
6. Rs. 10,000 crore for urban infra fund every year
7. Rs. 75,000 crore for 100 transport infra projects
8. 3 Centers of Excellence for “Artificial Intelligence” will be set up.
9. KYC procedure to be simplified. PAN to be come common business identifier.
10. Scope of Digi locker to be increased.
11. More than 39,000 compliances reduced. Jan Vishwas Bill to amend 42 laws
12. Rs. 35,000 crore for Energy transmission
13. 10,000 bio input research centers to be set up.
14. 30 Skill India International centers to be set up.
15. NFIR (National Financial Information Registry) to be launched for financial strategy.
16. Reducing cost of MSME Credit by 1%. Infusion of Rs. 9,000 crore in corpus for MSME credit.
17. ‘Mahila Samman Bachat Scheme’ for Women for Rs. 2,00,000 @ 7.5%
18. SCSS enhanced from 15 lakh to 30 Lakh.
*Direct and Indirect tax*
1. Promote domestic manufacturing and exports.
2. Tax exemption on Capital Goods and Lithium batteries.
3. Mobiles, camera lenses to become cheaper.
4. Gold, Silver & Diamonds, cigarettes, imported rubber to get expensive.
5. Enhanced limit for 3 crore and 75 lakhs for presumptive taxation.
6. Higher TDS limit of RS. 3 cr for Cooperatives
7. New IT Return Form for easier filing .
8. 100 Joint Commissioners to be appointed for disposal of small appeals.
9. TDS reduced on EPF withdrawal
10. Section 54 and 54F to be amended.
11. Rebate limit increased to 7 lakh in new tax regime.
12. Number of slabs reduced from 7 to 5 in new tax regime.
13. Only 5% tax on Individual’s Annual income of 9,00,000 only to pay Rs. 45,000 as tax.
14. Salaried class and pensioner: Standard Deduction increased
15. Highest tax rate 42.74 % reduced
16. Propose to reduced Higher surcharge rate from 37 % to 25% in new tax regime.
17. Leave Encashment: Limit increased from Rs. 3,00,000 to Rs. 25,00,000.

No tax audit for 3 crore turnover and 75 lakhs with 5% cash limit...Means lesser audits for professionals now...Amrit kaal 😊😊

New Tax Regime after #Budget2023 announcement

Slabs :

₹0-3L : 0%
₹3-6L : 5%
₹6-9L : 10%
₹9-12L : 15%
₹12-15L : 20%
Above ₹15L : 30%

If you have HRA, 80C investment and Mediclaim than No tax upto Rs.10 lac.

Guys look like in Nov 23, no new syllabus since still parliament has not passed yet amendments.

No sir, doubt cleared, i carefully read your book, in 10(2A) also condition specified that notified manufacturer can't opt scheme. Thank you sir for your instant response. I think you didn't get my doubt. By the way your book is so amazing sir. Thank you.

GST Deptt is conducting search in Principal Place of Business of Adani Wilmar in Himachal after receipt of data from DGRM that no tax was paid in cash.

DGRM has asked GST Deptt to investigate all companies who have not paid single penny by cash

Adani Wilmar's Solan facility raided for alleged GST violations.

Adani Wilmar had failed to deposit GST collection for "several years" and this reportedly led to the inspection.

The officials inspected a carrying and forward unit of the company.

CA Final IDT (GST+Custom+FTP) fully amended for May 2023 by CA Amit Jain
(Amendments up to 31st October 2022)

👉 Total 671 Pages

👉 More than 900 Examples and Q & A

👉 Highlighted with different colours for key terms and amendments for May 2023

👉Revisable in ~ 18 hours so no need to shift to chart/summary book

👉Student got 30 out of 30 in MCQ, scored more than 70+ including 85 marks

🕹Buy GST+Custom+FTP Colour Books in Hard copy @ INR 999 (including courier cost in India) from below link:-

https://narayancommerceacademy.com/product/ca-final-idt-gst-and-custom-ftp-books-for-nov-2022-may-2023-by-ca-amit-jain-hard-copy/

I did self study for inter
And I thought I was very good in Indirect taxation when I was doing inter
After your classes , I really felt that I’ve so much of conceptual gap
Only after listening your classes , I’m very much clear on the subject sir 🙏
Thanks a lot for your lectures sir 🙏

But I feel your book is very good for understanding with practical examples sir
Even Definitions are easily understandable in your books because everything is easily relatable…

This time I am not releasing CA Final IDT amendment booklet separately...

I am releasing entire PDF copy of book... Stay tune to youtube channel that how you are going to get PDF copy....

Wait for 1 day

Institute SM supplement is very confusing and SM was not amended for last 3 attempts.

CA Final IDT Part I GST fully amended for May 2023 by CA Amit Jain (Free PDF)
(Amendments upto 31st October 2022)

👉 Total 494 Pages & it includes 780 examples and Q & A to explain provisions

👉Highlighted with different colours for key terms and amendments for May 2023

👉Revisable in ~ 12 hours so no need to shift to short cut in exam time

👉Students are happy if they get 45-50 marks after following Chart Book/Summary Book. Students forget they missed aggregate/exemption and they have to take next attempt.

👉Student got 30 out of 30 in MCQ, scored more than 70+ including 85 marks

Institute SM not even amended fully for May 2022. That's why supplement is issued...

Keep this in mind.

CA Final IDT Part II Custom & FTP fully amended for May 2023 by CA Amit Jain (Free PDF)
(Amendments up to 31st October 2022)

👉 Total 173 Pages & it includes 140 examples and Q & A to explain provisions

👉Highlighted with different colours for key terms and amendments for May 2023

👉Revisable in ~ 6 hours so no need to shift to short cut in exam time

👉Students are happy if they get 45-50 marks after following Chart Book/Summary Book. Students forget they missed aggregate/exemption and they have to take next attempt.

👉Student got 30 out of 30 in MCQ, scored more than 70+ including 85 marks

CA Final IDT Revision Lecture Chapter 1 Part 1

👉 Conceptual clairty with interlinking
👉See the video and memorize the provisions

https://youtu.be/4KOHnKMEjSk

Students mostly confused whether excise duty or VAT will be included in aggregate turnover or not. It is going to be included.
How to determine whether agent or principal, simple whether agent is taking risk and rewards. I explained in revision lectures all such common doubts.

Sir wow classes & books. No conceptual gap after watching ur classes. Provisions well explained.
Yesterday watched revision lecture. Nonetheless to say, best revision classes. Waiting for more revision videos. 👌👌👌

Revision Lecture 2 ...

Definition Business, Consideration, Goods, Services, Money, Securities including what is numismatic value

https://youtu.be/-pTpmzUVYB0

Revision Lecture 3... (This is revision cum fast track which are going to complete in 27 hours)

https://youtu.be/tp3W2QXZYms