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Govt may cut corp tax by 1% in Budget FY17

In the next Budget, it would be a challenge to do away with exemptions. Finance Minister Arun Jaitley is likely to slash corporate tax rate by about one per cent and may put an end date for certain......

Raise I-T threshold for TDS deduction: Easwar panel

The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions. A high level panel on simplification of income......

Inflation under check in 2015? Not quite!

  While onion prices again brought tears to the eyes of consumers, prices of tur dal touched record high levels above Rs 200 a kilogram. When it comes to inflation, the year 2015 has shown......

Black money: Action time now, warns Centre

With easy compliance window over for new law, FinMin looks at info, leads to nab black money holdersWith the three-month window for escaping prosecution and penal provisions of the stringent law on......

Corporate India gets jittery over black money Bill

The Undisclosed Foreign Income and Assets Bill, popularly called the black money Bill, is making corporate India jittery. It feels certain provisions of the Bill are too stringent and could prevent......
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Sarfaesi Act amendments unlikely in Budget session

The government's plans to amend two laws to make debt recovery tribunals online courts and enable non-institutional investors to buy security... ...

http://wap.business-standard.com/article/economy-policy/sarfaesi-act-amendments-unlikely-in-budget-session-116051000013_1.html
Govt notifies relaxed FDI norms for asset reconstruction companies

Govt allows 100% foreign direct investment in asset reconstruction companies under automatic route New Delhi: In line with the announcement made in... ...

http://www.livemint.com/Industry/sbQ8kLieo37SQxBK96TGWJ/Govt-notifies-relaxed-FDI-norms-for-asset-reconstruction-com.html
Finance Bill clarifies further on tax matters

Giving a boost to the start-up ecosystem, the government has extended the three-year tax holiday proposed for them in the Budget to such firms set... ...

http://www.financialexpress.com/article/economy/finance-bill-boosts-start-ups-gives-more-clarity-on-tax-matters/250109/
Want to buy Rs 10L car? Be ready to shell out 1% tax

Buyers of automobiles costing over Rs 10 lakh will have to shell out the 1 per cent tax which will be collected by the seller from now on. This is... ...

http://www.mydigitalfc.com/government-finance/want-buy-rs-10l-car-be-ready-shell-out-1-tax-410
New form to claim tax benefits for LTA, house rent, home loan interest payment

Call this aachhe din (good days) for the employers and the salaried class. Employees will now be required to furnish tax benefit claim details... ...

http://www.thehindubusinessline.com/economy/policy/new-form-to-claim-tax-benefits-for-lta-house-rent-home-loan-interest-payment/article8557198.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication

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