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Says high inflation has to be reversed to achieve sustainable GDP expansion.
As spending on infrastructure has three times the desired impact, the government's Rs 111 trillion National Infrastructure Pipeline should be accelerated: Assocham president, Vineet Aggarwal
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
The right investment at the right age will help you enjoy a secured post retirement life.
Finance Minister P Chidambaram presented the Union Budget for 2007-08 in Parliament on Wednesday.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
One can say that with the host of expenditure plans announced in the Budget, the finance minister has managed not to burden the common man directly with taxes.
Finance Minister Pranab Mukherjee on Monday said the Direct Taxes Code (DTC), which will replace the Income Tax Act, is proposed to be implemented from April 1, 2012."
To provide similar extended time limit for payment of tax deducted from payments made to non-residents, it is proposed that the deductor shall be allowed to claim deduction for payments made to non-residents in the previous year of payment.
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
Banks and friendly neighbourhood jewellers can serve as good channels to provide liquidity for gold deposits with built-in incentives for them, suggests Harsh Roongta.
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Companies were consulting law firms and consultants to understand the Bill.
The benefits are common in many cases, but are also different in some other respects.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
In an apparent bid to offset BJP candidate Pragya Thakur's controversial statement against slain IPS officer Hemant Karkare, Modi heaped praises on Mumbai police.
Overseas airlines can operate unlimited number of flights into and out of India.
Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
The Income tax Act, 1961 contains several provisions which can serve as tools for saving your tax outgo. While everyone is more focused on meeting the 80C limits, here are a few more options.
Some of the tax proposals made by Finance Minister Pranab Mukherjee like marginal increase in in exemption limits or abolition of FBT will not have the desired effect and could hurt economic growth over time.
Boost to dairy sector will generate jobs
Budget 2016 may hold some answers to start-up cooncerns.
States will have exclusive control over all dealers up to a revenue threshold of Rs 1.5 crore in a year
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Exemption limit for the general category of individual taxpayers will increase the liquidity.
And the only answer one can think of is that this is being done to preserve the image of toughness and 56 inches and all the rest of it, notes Aakar Patel.
Jaitley has announced increasing the super-rich surcharge to 12%.
Income from renting of properties is taxed at a flat rate of 10%.
The choice of income tax saving instruments is important, but now you have to identify tax efficient investment options
The Central Board of Direct Taxes (CBDT) is likely to increase the exemption limit for tax deducted at source on rental income to Rs 2,00,000 a year from Rs 1,20,000 at present.
Without tinkering with the tax rates, Finance Minister Arun Jaitley in his maiden budget provided encouraging signals for domestic and foreign investors.
The industry status will help the sector access bank lending at average interest rates
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
The National Democratic Alliance won 64 seats.
The governments of Karnataka, Uttar Pradesh and Rajasthan want a lower limit of Rs 100,00,00 gross annual turnover.
The Centre and states are likely to settle for this threshold.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
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