Cengoindia.blogspot.com Website Review

cengo india ( dedicated to all central excise, service tax and customs gazetted executive officers). all india as*ociation of central excise gazetted executive officers(aiacegeo)(recognised vide cbec letter f.no. b.. irs officers promoted from the grade of superintendent of central excise are also members of aiacegeo. this is the only as*ociation for. superintendents of central excise and irs officers promoted from the grade of superintendent of central excise through out the country. mumbai: are you in the highest tax bracket? well, 2018 wasn’t that good a year for you. “how taxes have fared for citizens this year depends a lot on their income bracket,” said vishal dhawan, founder of mumbai-based plan ahead wealth advisors. it has not been a good year for the higher income brackets on the back of long-term capital gains tax although with standard deduction rule, it may have become easier for lower taxbracket, he added. here’s a look at how 2018 was for your taxes: on the direct tax front, this year’s budget brought in a lot of changes. one change which did not go well was the introduction of long-term capital gains tax (ltcg) arising from transfer of listed equity shares or units of equity-oriented fund or units of business trusts. an ltcg at the rate of 10% will be applied on gains exceeding ₹1 lakh, said rahul singh, chartered accountant with taxmann. although, gains made up to january 31, 2018 will be grandfathered or exempt. introduction of standard deduction for the salaried individuals, this year a standard deduction of up to ₹40,000 was introduced in lieu of transport allowance and reimbursement of medical expenses. earlier a deduction of ₹19,200 was allowed as transport allowance and ₹15,000 for medical reimbursement, according to rahul singh, chartered accountant with taxmann. “here the net benefit to the customer is hardly ₹1,000-2,000 which is minor in amount. the government has basically combined two categories,” said singh.