KPSN Consulting LLP

01/02/2020

Tax Audit turnover limit increased from INR 1 crore to INR 5 crores.

01/02/2020

Individual Tax Slab Rate subject to Individuals foregoing certain exemptions / deductions
5 Lakhs - 7.5 Lakhs - 10%
7.5 Lakhs - 10 Lakhs - 15%
10 Lakhs- 12.5 Lakhs - 20%
12.5 Lakhs - 15 Lakhs - 25%
More than 15 Lakhs - 30%

01/02/2020

‘’India is now the 5th largest economy in the world and Central Govt debt reduced to 48.7% of GDP from 52.2% in March 2014’’
1) INR 1,480 Crores outlay for Textile Mission soon
2) INR 20,000 Crores for Renewable Energy Sector
3) INR 12,300 Crores for Swatch Bharat Scheme
4) Single Investment Clearance window to promote Entrepreneurship, 5 Smart Cities promoting Entrepreneurship. The smart cities will be created through a PPP Model with states. The move will merge all licences required to set up business in India into a single hub and expedite the ease of doing business
5) Digital refund of duties for exporters
6) Solar power units on barren land
7) Accelerated development of highways
8) Investment cell for end to end Facilitation
9) INR 3.6 Lakh Crores for Jal Jeevan mission
10) Encourage of Manufacturing of Mobile Phones

01/02/2020

‘’INR 100 Lakh Crore for infrastructure and INR 22000 Crore for Power and renewal energy sector’’

1. All infrastructure agencies of the Government to empower youth power
2. 1.7 Lakh Crore provided for transport infrastructure in 2021
3. 100 more airports to be developed by 2024
4. More Tejas type train for tourism
5. 2000 km of strategic highways to be built - 27300 Crore for industry and commerce
6. National logistics policies to be released
7. Project preparation facility to be set up for preparation of infrastructure projects actively involving young engineers and management graduates
8. 6000 Crore proposed for Bharat Net
9. 103 lakh Crore for National infrastructure Pipeline launched
10. Aim to achieve 11000 km of track electrification
11. 4 Station redevelopment projects under PPP model
12. High speed Mumbai – Ahmedabad train
13. Plant to energize economic activity along river banks
14. Delhi – Mumbai express way by 2023 target
15. National Gas grid to be expanded
16. Policy for building Data centre Parks across India is proposed
17. Large solar power capacity for railway tracks
18. 1 lakh Gram Panchayat to be connected via Bharat Net
19. Digital connectivity for essential services

01/02/2020

Education Budget 2020
‘’INR 99,300 crores allocated for education sector and INR 3,000 crores for skill development’’
This is a ₹4,500 crore rise from last year where the government allocated ₹94,800 crore towards the education fund.
1. New education policy to be announced soon
2. Govt proposes to start programme for urban local bodies to provide opportunities for internship to young engineers
3. FDI and external commercial borrowings to be leveraged to improve the education system
4. INDSAT Programme for Studying in India
5. Degree level full fledged online education programme to deprived
6. Govt propose National Police University and National Forensic University
7. Rs. 8000 crore over five years to be provided for quantum application and technologies

01/02/2020

Budget 2020 - 16 Action Points for doubling farmer’s income by 2022

FM Says; ‘’An allocation of Rs 2.83 lakh crore will be made for the agriculture sector ‘’

1. 3 Model Agri laws are proposed to be considered by States
2. Comprehensive water plan for arid districts
3. 20 lakh farmers to be helped to set up standalone solar pumps
4. Govt shall encourage balanced use of all kind of fertilisers view a view to changing the current regime of using excessive chemical fertilisers.
5. Boost Agri warehousing — things like cold storage.
6. A new village storage scheme to boost backward linkage. SHGs will spearhead this move, assisted by Mudra and NABARD
7. Kishan Rail for transporting perishable goods
8. Krishi Udaan on international and national routes
9. Horticulture sector with its current product of 311 million - One product, one district scheme for horticulture sector, which already exceeds the production of food grains.
10. Financing on negotiating warehousing receipts — to be integrated with e-NAM.
11. NABARD refinance scheme to be further extended. Rs 15 lakh crore allocation for Kisaan credit card scheme.
12. Focus on increasing artificial insemination
13. Will eliminate foot and mouth disease of livestock
14. Marine fishery boost to help youth in coastal areas
15. Zero budget natural farming: Online national organic product
16. 58 lakh SHGs have been mobilised under poverty alleviation program

05/11/2018

16/01/2018

KPSN Consulting LLP quoted in Outlook India cover story on Google Tax !

https://www.outlookindia.com/magazine/story/click-g-for-media-monopoly/299691

08/01/2018

A new name reservation service is being developed and is likely to be deployed on 26th January, 2018. Therefore w.e.f. 00:00 hours on 06-01-2018, INC-1 will not be available on the MCA Portal. Stakeholders are advised to submit INC-1 application till 23:59 hours of 05-01-2018. Stakeholders who reserved names using INC-1 are requested to use SPICe for incorporation immediately. However, resubmission of INC-1 is allowed till 23:59 hours of 11-01-2018.

Source : www.mca.gov.in

20/11/2017

We are in need of bright and energetic individuals eager to take up challenging opportunities and travel up the learning curve:

Articled Trainees (Total Vacancies - 6):

Common selection criteria for all candidates:

a) Excellent communication skills
b) Excellent knowledge in MS Office
c) Excellent interpersonal skills
d) Quick learner and works well with the team

Individuals who are interested are requested to email their resume to [email protected] with copy to [email protected]

03/09/2017

It was a pleasure having these young and energetic minds at work for the last few months. We hope that we have provided a right platform to enhance their skills and abilities. We are indeed proud of their sincere efforts and value addition during internship.