Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
PM Modi's assurance came against the backdrop of violent protests against the CAB.
Invest early. Plan your taxes.
Getting locked into instruments before the new regime kicks in would be a good strategy.
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in Parliament shortly.
Not declaring the black money under the scheme now, but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty. In case the disclosure is not made either using the scheme or in return, a further 10 per cent penalty on tax will be levied followed by prosecution.
As India suffers and the ruling party is on the defensive, the truth is that the only way that this wave will pass is if exponential growth of the virus stops on its own, asserts Aakar Patel.
Twelve of Europe's leading soccer clubs from England, Italy and Spain announced a breakaway league on Sunday but after 48 hours of massive pressure from fans, politicians and even British royals the six English clubs backed out
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
According to a legal expert, the clause of 'reasonable restriction' could still mean the government can make Aadhaar mandatory for monetary transactions and therefore, for banking.
The finance minister did very well for equity market investors but not so with families, reveals Mahesh Vyas.
The best way to curb gold demand is by reducing black money in circulation.
Non-compliance, underreporting or misreporting will attract a penalty of 50-200 per cent. The authorities may during assessment even tax assets that are 15-20 years old
Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.
Modi also pitched for a social movement to ensure the safety of women and girls.
The PM said a woman's power today underlined inner fortitude and self-confidence, which made her self-reliant.
Seeking to rope in youngsters to promote cashless transactions, Modi said for every person you introduce to the BHIM app, you will get a cash back of Rs 10.
Democracies avoid serious political turbulence only so long as they ensure that the relative level of inequality between the rich and the poor does not become excessively large, says Vice President M Hamid Ansari.
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
It has also proposed that CEO and managing director Salil Parekh be granted annual performance-based stock incentives in the form of restricted stock units worth Rs 10 crore under the 2019 Plan.
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
With just 10 detectives under his leadership and in about three weeks' time, Senior Superintendent of Police of Uttar Pradesh's Special Task Force Amit Pathak cracked an online digital racket that swindled 600,000 people and is now worth Rs 3,700 crore and counting.
Here are some reactions by political leaders to the five-state election verdict.
The insatiable greed for money and power is too large, too repugnant to thwart. And no one epitomised that better than Harshad Mehta, notes Dhruv Munjal.
"Our government does not delay decisions. We neither nurse problems nor keep them pending," Modi said.
Banks play 'mind games' to woo customers. Big data and 'games' are now the tools of the trade.
Running a SIP plan for more than six years almost completely eliminates the chances of earning negative returns.
Irrational behaviour, born out of incomplete understanding, biases, overconfidence, fear or greed, has led investors to make less than half of what they could have in the capital markets, says Erik Hon.
Here's the full text of President Ram Nath Kovind's address to the nation on the eve of 71st Republic Day.
"Let people pay, but if they don't pay, go after them"
Finance Minister Arun Jaitley presented the Budget today.
The 90-day compliance window to declare overseas wealth ends on September 30.
India's working population relies heavily on cash deposits and a second home to generate post -retirement income, according to an HSBC report.
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