The thrust on agriculture, removal of Fringe Benefit Tax etc should help improve the earnings of the FMCG sector
The exemption of the value of right to use packaged software would be beneficial to the gaming industry.
'GST gives a huge relief to small businesses of India and West Bengal.'
"7.75 per cent savings bonds scheme notified. Would replace 8 per cent scheme. Will be effective from 10th January. This sequenced notifications and gap of a week was necessary to avoid overlap in cheques realisations," Economic Affairs Secretary S C Garg said in a tweet.
A moderate GST rate obviates the need for the two-rate structure.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
The Union Budget is not everyone's cup of tea. But here's how you can make it yours.
'Till now, we were under tremendous stress. The economy was not recovering, the financial cycle was not moving and the banks were not supporting.' 'With the government pumping in money to the banks and asking the NBFCs to give priority to the MSME sector, there will be a revival.'
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
Rationalisation of rates will be taken up for smaller items that do not have major revenue implications but are commonly consumed at the GST Council meet on Saturday
There is much work to be done to design a good GST.
Industry representatives recommended that the basic annual exemption limit for individuals should be raised to Rs 1,50,000 from Rs 1,10,000 and the peak income tax rate be cut to 25 per cent, from 30 per cent at present.
Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
Sooner the investors shift, the better it is as a majority of equity funds have single-digit returns since January 31.
'On the tax front, most of the Budget proposals are sensible'.
If your house owner does not have a PAN, you need not worry, as long as he/she is ready to sign a self declaration stating he does not have a PAN. You can submit a copy of this declaration to your employer and avail of the HRA deduction.
Britain said it had imposed asset freezes on Chelsea soccer club owner Roman Abramovich
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.
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It was 55.3 per cent for the same period last year, and data shows the fiscal deficit for April-May was kept in reasonable check in spite of heavy frontloading of expenditure.
Only after its recommendations will the central GST, integrated GST and state GST Bills be taken up
'Significant reductions in the compliance obligations mean businesses earlier struggling to comply will now have enough time to prepare and comply within the extended timelines.'
While riskier than debt, Sebi's stringent guidelines may ensure a safe and liquid product.
Finance Minister Pranab Mukherjee presented the Union Budget 2011-12 in Parliament on Monday. While the finance minister made the tax payers slightly happy by raising the exemption limit to Rs 180,000, he made many others unhappy.
The GST has been a great achievement, but it does suffer from weaknesses, says Chief Economic Adviser Arvind Subramanian.
Will Annamalai's attacks on the DMK revert the anti-BJP feeling in Tamil Nadu, asks N Sathiya Moorthy.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
Changes in threshold not to have a significant revenue impact, say officials
Agniveers once enrolled into the Indian Air Force, will be governed under the Air Force Act 1950, for a period of four years.
The project import status for set up of head-ends and lower customs duty and nil SAD would be a booster for the multi service operators.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
Key relaxations traced in final regulations.
'Housewives depositing cash up to a limit of Rs 250,000 need not worry.' 'It is understood that in India housewives save money which they get from their husbands for household expenses.' 'The intent of the government is not to question them.'
New ITR form may be simpler, but some changes could stump you.
The Enforcement Directorate on Thursday questioned Congress chief Sonia Gandhi in a money laundering case related to the National Herald newspaper and summoned her for a second round of questioning in the case on July 25.
Demand among several pre-Budget representation by BSE Brokers' forum
Firms that have a turnover of under Rs 1 cr can pay tax without maintaining books.
The Union Budget, despite being constrained by a high fiscal deficit, gave some relief to the Rs 3-8 lakh income group.
Feroze Azeez, deputy chief executive officer of Anand Rathi Private Wealth Management, appeared on Rediff Chat to answer readers' queries on GST.
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