Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
The rules will affect Indian companies that take most decisions about their foreign subsidiaries.
Meeting the disclosure norms isn't very easy.
Indians having undisclosed property abroad will have to pay tax and penalty.
If you were deputed abroad, filing income tax can be tricky.
Jaitley keen to uplift the insurance sector.
'Milking poorly performing or easily marketable assets is the way to deliver more money for key programmes,' says T N Ninan.
The 'Salary Survey 2015' was administered on 100,000 registered users on the website.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
Index heavyweights ITC was the top gainer along with RIL and HDFC
The company, which opened its second dealership in India here, plans to add a third one in Bengaluru for which it is in discussions with a local partner.
The Budget sets out a comprehensive vision.
The Indian government's decision in 2012 to allow foreign direct investment in civil-aviation sector up to 49 per cent has enthused new airlines to launch their operations and capitalise on country's 1.2 billion population, a pre-statement to the Global Aerospace Summit said.
Anil Divan, who is fighting the black money case in the Supreme Court, speaks to Sheela Bhatt/Rediff.com.
'In practice, GST will increase the pain of compliance, if not the cost, a lot.' 'It also has clauses that offer scope to create a single market for corruption,' warns Devangshu Datta.
The firm has set its eyes on emerging categories such as juices and plans to develop a stronger total portfolio, participating across multiple categories.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
While FMPs no longer offer the same short-term advantage, it is still a good product for the medium term.
I-T heat on thousands of firms for unusual cash deposits.
'The Congress has finally drawn a line in the sand over its pro-poor credentials.'
'The rich better watch out.'
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
Nissan' exit from the light commercial vehicle joint venture has helped speed up consolidation and growth for the company
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
One way to do a reality check on the official numbers will be to develop a desi version of what came to be called the Li index in China.
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
'The only good thing is people will not be required to maintain their medical bills and invest time in that.'
To ensure transparency, the Third Eye Cinema Fund has roped in various agencies as auditors and advisors.
'...that it takes fantasy seriously as a part of real life'... A fascinating excerpt from Jonathan Gil Harris's book, Masala Shakespeare: How A Firangi Writer Became Indian.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
Finance Minister Arun Jaitley presented the Union Budget.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Inflation and asset prices have eroded the value of money.
Surat houses more than 650,000 powerlooms. Of this, at least 60 per cent have been shut since a month, a loss of Rs 900 crore, finds out Vinay Umarji.
If the surge in tax collections is sustainable, the finance minister has the elbow room to shoot for a fiscal deficit
Tax payers need not dread filing returns as the process can be simplified.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
A large number of rich farmers, who earn more than salaried employees in the cities, get away with paying no tax at all in view of the government's lack of will to consider an agricultural income tax
In Budget 2015, the finance minister has opted to take the slow road and has doubled the cess on coal to "balance the need to tax pollution and the price of power" in his words.
