The abolition of wealth tax is again a welcome step.
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
Sensex, Nifty end the day in red on unfavourable cues from global markets.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
Javadekar asserted that the first 50 days have shown that Modi government's second term will be more effective and will build on the success of its previous tenure.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
All Jan Dhan bank accounts should be linked to Aadhaar, Prime Minister Narendra Modi said on Saturday while asking bankers to speed up this process and redouble efforts on financial literacy.
After spending his previous four Diwalis with the Armed Forces, Prime Minister Narendra Modi is breaking with tradition and spend Diwali this year in Kedarnath, setting off speculation that the decision was taken with an eye on the 2019 Lok Sabha elections. As the Festival of Lights is on us, here's looking back at Modi's Diwali celebrations.
A tweet by the Press Information Bureau said the states which have imposed lockdown in all districts include Chandigarh, Delhi, Goa, Jammu and Kashmir and Nagaland. The other states are: Rajasthan, Uttarakhand, West Bengal, Ladakh, Tripura, Telangana, Chhattisgarh, Punjab, Himachal Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jharkhand, Bihar, Arunachal Pradesh, Manipur, Tamil Nadu, Kerala, Haryana, Daman Diu and Dadra and Nagar Haveli, Karnataka and Assam.
He also emphasised on the need for saving water and planting trees to preserve the environment.
Broader markers outperformed their larger peers.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Rajiv Chandrashekhar, Rajya Sabha MP, explains that the argument that other government servants are eligible for OROP is incorrect and the comparison is laughable.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
'The Vajpayee personae is so mirrored in Modi's initiatives that one wonders if the similarities are merely a coincidence or a divine design,' says RSS ideologue Tarun Vijay.
'Modi has entered blunderland as he does not understand the army. He has actually meddled with the army, which is much more damaging than the ignorance of Sonia Gandhi and Manmohan Singh.' 'People had an impression that the BJP was different. Now it has been made very, very, plain that it is not.' 'Look at the contrast in the behaviour of the prime minister. When they burnt buses in Gujarat for an unjust demand, the prime minister addressed them in Gujarati while the army veterans were on relay hunger strike for the 74th day on that day, but no word on this from the PM.'
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
Naxalites on Monday carried out multiple improvised explosive device blasts in Jharkhand's Giridih district, injuring 12 security personnel.
The Modi government's array of economic policy has been impressive.
"The Congress has failed despite ruling for so many years," she said.
IDS-2 and raids to uncover black money stash keep receipts flowing
Thousands of ex-servicemen across the country on Sunday converged at Delhi's Jantar Mantar to protest over the delay in implementation of the 'One Rank, One Pension' scheme.
The victory in the assembly elections, the first in Telangana after its formation in June 2014, might well act as a springboard for the leader, often accused of perpetuating family rule and promoting nepotism, to realise his ambition of playing a greater role in national politics.
The chief minister said the Congress-Samajwadi Party alliance will win an overwhelming majority in the assembly polls and get more than 300 seats in the 403-member House.
'Well done, Mr Jaitley, now go and implement your schemes. No leakages, no lapses and no laziness.'
'People do not want a 'maha milavat' (highly adulterated) government of those who assembled in Kolkata.'
Kalvari underwent around 120 days of extensive sea trials and tests for various equipment and is expected to bolster India's maritime prowess.
In Madhya Pradesh, the C-Voter poll projections gave the BJP 107 seats with a vote share of 41.5 per cent, against Congress' vote share of 42.3 per cent and a simple majority of 116 seats.
Out to prove his critics wrong, Haryana Chief Minister Bhupinder Singh Hooda says it's not anti-incumbency but pro-incumbency that will work in his favour and give him a third term.
Modi, who was in France on the first leg of his three-nation tour, said there have been a number of constructive changes in the last five years.
Key drivers of these risks can be arrested or reversed through building more inclusive societies, for which international cooperation and long-term thinking will be vital
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
The election campaign finally ended on Friday, May 17. Arindam Majumder reveals what he discovered on the election front on a long rail journey.
Enthused by the consensus in reaching four-tiered GST tax structure, particularly the unanimity achieved with Congress-ruled states, senior government sources were confident that the Central GST and Integrated GST Bills will be passed by both the Houses.
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