Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day.
A group of students from Gwalior have launched a campaign by writing messages on sanitary napkins to Prime Minister urging him to eliminate the 12 per cent Good and Services Tax on the product.
The GST Council also decided that a committee of officers will be constituted to examine the simplification of forms for annual return and reconciliation statement.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
The focus will be on tackling the unfinished agenda requiring immediate attention like tax structure for solar projects, uniform tax rate on state-organised and state-authorised lotteries, taxing non-potable alcohol besides certain changes in the law, extension for NAA and rate rationalisation.
In simple terms, it refers to a deduction allowed in income tax, irrespective of expenses incurred or investment made by assessees.
Under the Income Tax Act (I-T Act), the income of a minor child is clubbed with that of one of his/her parent, whoever earns more.
'Investors need to find out how the FMP's assets are distributed and ensure the investments are in high-quality names.'
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
Since its rollout 13 months ago, the new indirect tax has yielded Rs 1 trillion only in in April 2018
The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.
Simpler GST structure will be key poll plank, Congress sources tell Archis Mohan.
Inching towards rolling out of GST, the GST Council on Saturday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax but deferred approval for enabling laws to next meeting.
The political-electoral calculus favours spending thousands of crores on vanity projects like Sardar Patel's statue and the Central Vista over building up our military to handle the confrontations and conflicts that loom large, points out Ajai Shukla.
India studied the Malaysian model, which was scrapped on Wednesday, before implementing the GST and borrowed the anti-profiteering clause to ensure GST benefits are passed on to the end-consumer by the industry
Finance Minister Pranab Mukherjee presents his 5th Budget in Parliament.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
Finance Minister Pranab Mukherjee presented his 5th Budget in Parliament on Friday.
The entire Opposition walked out of the Lok Sabha during the presentation of budget by Finance Minister Pranab Mukherjee, dubbing it 'highly inflationary' as he partially rolled back the stimulus by hiking the ad velorum component of excise duty on large cars and multi-utility vehicles by two per cent to 22 per cent.
Citizens of the country are hoping that the FM pays heed to their wishlist during this Budget session.
Given its features as a retirement product (long lock-in and compulsory annuitisation), investors should have other investments they can fall back on in case they need funds
Transparency in decision-making process is needed.
During a chat on rediff.com on Thursday, financial expert Kapil Mehta offered some valuable investment tips.
In an hour-long chat on rediff.com on Tuesday investment expert Lakshmi Iyer offered some valuable tips.
In a chat on rediff.com on Tuesday, commodities and commodity futures expert Anand James replied to many Budget-related queries.
In an hour-long chat on rediff.com on Tuesday, Ganesh Natarajan, former chairman of National Association of Software and Service Companies, replied to many Budget-related queries on IT.
In a chat on rediff.com on Tuesday, investment expert Harsh Roongta offered some valuable tips
There is a good reason for any salaried person to cheer the Budget 2010. The salary slabs for tax have been increased. But is there something for the housewife too? Let's see how the monthly budget of the homemaker will be affected by Union Budget 2010.
In an hour-long chat on rediff.com, Neelu Singh, chief operations officer, Ezeego1.com, explains how the travel industry will be affected.
Do you think the FM has played his card right to strike a balance between controlling inflation and bringing down fiscal deficit?
Here is the entire text of the Finance Minister Pranab Mukherjee's Budget Speech:
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
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
A well-established tax system would have a predictable buoyancy - how fast the collections grow as a proportion to the growth of the economy. But that is not the case with GST. It is still undergoing substantial changes as the government responds to structural as well as administrative glitches.
Exemption limits, standard deduction on radar.
'In practice, GST will increase the pain of compliance, if not the cost, a lot.' 'It also has clauses that offer scope to create a single market for corruption,' warns Devangshu Datta.
Response to Rahul yatras in Gujarat forced GST cuts, says Congress. It reflects Modi's willingness to listen, says BJP.
FM may increase income-tax exemption limit to Rs 3 lakh
Tax rules that could land you in trouble
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