Earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge
The Indian Staffing Federation says their demand assumes significance as the formal sector will grow after demonetisation and the segment will play a crucial role in that.
Treats gains on sale of as capital gains, not business income, spares him from huge tax liability.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
"There has been one meeting (on this). It is a matter of setting up the governance structures. Now ball is in the court of the Indian side to finalise the governance of the setting up of the fund. We are ready for it," the UAE ambassador Dr Ahmed Al Banna said.
India has a huge trade surplus with US - over $20 billion a year in the past five years.
NITI Aayog wants the prime minister's flagship initiative should focus on labour-intensive sectors and policies that impede their growth to get special attention.
CBDT circular issued last month had raised multiple taxation concerns.
Dynasts and turncoats in Uttarakhand and Hindutva champions in Uttar Pradesh - BJP names 64 candidates for Uttarakhand and 149 for UP.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Party also concerned about dissension in Uttarakhand and erosion of support in Goa
SP-Congress alliance is likely to consolidate Muslim vote in their favour.
The early tabling of the financial Budget ends a 70-year tradition.
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
A scrutiny of the PM's statements in the last 12 weeks lays bare a stunning lack of homework for a policy that has affected each of the 1.25 billion people of India.
Sops for middle class, poor and farmers on cards.
