Australia's track cyclists set the world record in the men's 4km team pursuit at the Gold Coast Commonwealth Games on Thursday April 05,2018, routing rivals England to claim the gold medal at a roaring Anna Meares Velodrome.
Leigh Howard, Sam Welsford, Kelland O'Brien and Alex Porter blazed across the line in three minutes 49.804 seconds, smashing the mark of 3:50.265 seconds set by Britain at the Rio Olympics.
The home quartet crossed nearly six seconds ahead of their English challengers, striking a blow in the battle dubbed by "the Ashes on wheels" by local media, a reference to the two nations' fierce cricket rivalry.
On the opening night of the track cycling events, the men's triumph came soon after their female compatriots smashed New Zealand in the gold medal decider in the same event.
Long Term Capital
Gains@10%: After almost a gap of 14 years, the reintroduction of LTCG
tax. Investors will have to pay Long Term Capital Gains exceeding Rs. 1
Lakh at the rate of 10% without having the benefit of indexation.
However, indexation benefit for computing tax liability on the sale of
shares listed after January 31 will be available.
Applicability of E-way Bill (Inter-State movement): On transportation of
goods worth over Rs 50,000 from one state to another will have to carry
an electronic or e-way bill. It was supposed to get implemented from
1st February, 2018, but due to some technical glitches, it was deferred
from today it is applicable across the nation.
Hike in Health & education cess: Due to increase in health and
education cess (from 3% to 4%), taxpayers will pay a bit of more tax.
For salaried employees: There is a standard deduction of Rs. 40,000 in
lieu of transport allowance and medical reimbursement.
Corporate Tax @25%: Those companies whose turnover is up to Rs. 250
crore, will now have to pay corporate tax at the rate of 25%.
Exemption of interest income for senior citizens: For senior citizens,
exemption of interest income on bank deposits raised to Rs 50,000.For
senior and very senior citizens, the tax deduction for critical illness
will be Rs 100,000 from April 1, as against the existing limit of Rs
60,000 for senior citizens and Rs 80,000 for very senior citizens.
Revision in Toll rates: National Highways Authority of India has revised
its toll rates by 5 to 7 per cent
Read more at: https://www.caclubindia.com/articles/new-changes-in-financial-year-32821.asp?utm_source=newsletter&utm_content=article&utm_medium=email&utm_campaign=nl_hg2_14_2018
Read more at: https://www.caclubindia.com/articles/new-changes-in-financial-year-32821.asp?utm_source=newsletter&utm_content=article&utm_medium=email&utm_campaign=nl_hg2_14_2018
Long Term Capital
Gains@10%: After almost a gap of 14 years, the reintroduction of LTCG
tax. Investors will have to pay Long Term Capital Gains exceeding Rs. 1
Lakh at the rate of 10% without having the benefit of indexation.
However, indexation benefit for computing tax liability on the sale of
shares listed after January 31 will be available.
Applicability of E-way Bill (Inter-State movement): On transportation of
goods worth over Rs 50,000 from one state to another will have to carry
an electronic or e-way bill. It was supposed to get implemented from
1st February, 2018, but due to some technical glitches, it was deferred
from today it is applicable across the nation.
Hike in Health & education cess: Due to increase in health and
education cess (from 3% to 4%), taxpayers will pay a bit of more tax.
For salaried employees: There is a standard deduction of Rs. 40,000 in
lieu of transport allowance and medical reimbursement.
Corporate Tax @25%: Those companies whose turnover is up to Rs. 250
crore, will now have to pay corporate tax at the rate of 25%.
Exemption of interest income for senior citizens: For senior citizens,
exemption of interest income on bank deposits raised to Rs 50,000.For
senior and very senior citizens, the tax deduction for critical illness
will be Rs 100,000 from April 1, as against the existing limit of Rs
60,000 for senior citizens and Rs 80,000 for very senior citizens
Read more at: https://www.caclubindia.com/articles/new-changes-in-financial-year-32821.asp?utm_source=newsletter&utm_content=article&utm_medium=email&utm_campaign=nl_hg2_14_2018
Read more at: https://www.caclubindia.com/articles/new-changes-in-financial-year-32821.asp?utm_source=newsletter&utm_content=article&utm_medium=email&utm_campaign=nl_hg2_14_2018
Long Term Capital
Gains@10%: After almost a gap of 14 years, the reintroduction of LTCG
tax. Investors will have to pay Long Term Capital Gains exceeding Rs. 1
Lakh at the rate of 10% without having the benefit of indexation.
However, indexation benefit for computing tax liability on the sale of
shares listed after January 31 will be available.
Applicability of E-way Bill (Inter-State movement): On transportation of
goods worth over Rs 50,000 from one state to another will have to carry
an electronic or e-way bill. It was supposed to get implemented from
1st February, 2018, but due to some technical glitches, it was deferred
from today it is applicable across the nation.
Hike in Health & education cess: Due to increase in health and
education cess (from 3% to 4%), taxpayers will pay a bit of more tax.
For salaried employees: There is a standard deduction of Rs. 40,000 in
lieu of transport allowance and medical reimbursement.
Corporate Tax @25%: Those companies whose turnover is up to Rs. 250
crore, will now have to pay corporate tax at the rate of 25%.
Exemption of interest income for senior citizens: For senior citizens,
exemption of interest income on bank deposits raised to Rs 50,000.For
senior and very senior citizens, the tax deduction for critical illness
will be Rs 100,000 from April 1, as against the existing limit of Rs
60,000 for senior citizens and Rs 80,000 for very senior citizens
Read more at: https://www.caclubindia.com/articles/new-changes-in-financial-year-32821.asp?utm_source=newsletter&utm_content=article&utm_medium=email&utm_campaign=nl_hg2_14_2018
Read more at: https://www.caclubindia.com/articles/new-changes-in-financial-year-32821.asp?utm_source=newsletter&utm_content=article&utm_medium=email&utm_campaign=nl_hg2_14_2018
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