Salaried taxpayers should not use these forms blindly to file their income-tax returns.
A section of industry may need to begin compliance immediately, even as most states are yet to notify their rules.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
The Rajya Sabha proceeding washed out completely on Wednesday and was adjourned for the day amid continued protest by the Opposition parties led by the Congress over price rise and levy of Goods and Services Tax (GST) on daily essentials.
There are indications or signs of the economy picking up -- collection of GST and consumption of electricity, said former RBI governor, C Rangarajan.
Increased income tax collection is going to be a major consequence of going cashless and this should promise a future of lower taxes and higher purchase power soon, says Anil Rego
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
The basics of options trading include buying calls, selling puts, strike price and hedging.
India on track to be third largest consumer economy by 2025.
Sandeep Shanbhag offers tips on post Budget taxation rates.
The classic Third Year or Mid-Term Problem has afflicted all but two prime ministers who have lasted a full term, give or take a few months this way or that, points out T C A Srinivasa-Raghavan.
The NDA government was initially reticent about fleshing out its economic strategy for the future. But now that it has taken enough bold initiatives on the economic front it must have the confidence to tell us more about its approach going forward, says Abheek Barua.
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
Even the well heeled in metros find it difficult to go completely digital. Cash withdrawals from ATMs are back at the same level as they were before demonetisation
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
'Too much energy these three years has been invested in turning the party into an election-winning machine.' 'To recover its mojo, the Modi government needs a more impressive set of economic figures to flaunt,' says Shekhar Gupta.
Besides advancing the presentation of the Budget to perhaps the first week of January, , there are four new initiatives that could be rolled out from the next Budget, says A K Bhattacharya.
The second half of the budget session of Parliament, beginning on Monday, is all set to be a stormy affair with opposition parties closing ranks over the imposition of Presidents' rule in Uttarakhand.
Budget will get a welcome reception from the international biz.
Sanjeev Nayar offers some ideas on how Indians can help in improving the lives of those living in border areas and in the process help the Indian Army.
