Upgradation to the new product (from Infosys) will stabilise by this month-end
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
The 14th Finance Commission had recommended that states' share in the divisible tax pool be raised to 42 per cent, from 32 per cent earlier.
If an equity share is purchased before January 31, 2018, at Rs 100 and the highest price quoted on January 31, 2018, in respect of this share is Rs 120, there will be no tax on the gain of Rs 20.
The existing double taxation avoidance agreements will not be covered by the proposed change, implying that in order to tax Facebook, Google and the like, India will require to renegotiate tax treaties.
"Growth is expected to moderate gradually in China... pick up in India, and remain broadly stable in the Asean-5 region."
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
7 million jobs will be created in formal sector in FY18
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
The year 2018 is likely to be steady in terms of institutional investment into real estate
On the basis of Budget projections, the Centre needs Rs 7.3 trillion revenue during December-March and its expenditure must be limited to Rs 6.7 trillion.
'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'
Foreign Trade Policy: More incentives for exports, focus on ease of trading
With recent rate cuts, November collections could be even less
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
According to the NIPFP, there is the possibility that even if the banking system matures over time, some transactions could bypass the system so as not to pay the BTT.
'There were lots of functionalities the Group of Ministers asked us to incorporate.'
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances