It is immediately not clear how GST will impact the mass car market. Experts, however, say the level of tax on smaller cars will have to be at a differential to the sedans.
'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.'
'I feel that since they know the problems, in the next 2 to 3 quarters, these problems could be resolved.' 'But they should realise that things are not working well right now.'demonetisation did not have a huge negative impact on the economy. But when it comes to GST, those who are looking for loopholes find it difficult to adapt.
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
Employees are often under this impression that as the employer has deducted tax at source, they need not file income tax (IT) returns.
Kumaraswamy, who also holds the finance portfolio, said he has limited the loan amount to Rs 2 lakh, as it was 'not right' to waiver higher value crop loan.
Firms that have a turnover of under Rs 1 cr can pay tax without maintaining books.
Wishal Soni talks about his eco-friendly, pocket-happy model to save the environment.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
GST rates would depend upon whether the commodity is used by a rich person or a common man
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
This move to make it easier for funds to avail of tax exemptions.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Arbitrage schemes can give investors better post-tax returns than debt funds.
The youth of the country feel they are not getting opportunity to work for the nation, Rahul said.
Facing a deepening slowdown, the auto sector is pinning hopes on the GST Council meeting on September 20 for a rate cut from 28 per cent to 18 per cent. However, states including Bihar, West Bengal, Kerala, and Punjab are of the view that the slowdown in the auto sector is not because of the GST rate but structural issues in the economy.
Investors can sell shares in the open market if the price is good, to take advantage of the tax arbitrage.
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period, says Rashesh Shah.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.
They can be used as collateral for loans and can be sold or traded on stock exchanges
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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
'In a country like ours, people talk about wanting to be like Singapore, but when it comes to paying taxes, they start criticising.' 'The medicine is bitter, but the long term effect is good,' Senthil Natarajan, who runs Kovai Pazamudhir Nilayam, a one of its kind fruit and vegetable chain in Tamil Nadu, tells Rediff.com's Archana Masih.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
'Banks have to be braver, willing to take more risks and give confidence to the customer,' observes Joydeep Ghosh.
There will be a review of employee compensation arrangement in the light of the new rules.
Auto sector has nothing to look forward to in the Budget.
The Congress leader also targeted Modi over "hasty" implementation of the GST, and his pet bullet train project.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
They help diversify portfolio and are less risky.
It is the duty of a tax payer to record all his/her transactions, to explain sources of payments made by him/her and to declare the true income in the returns of income filed every year.
The Centre is likely to introduce the Central GST and integrated GST bills in late November or early December in the ongoing session in the form of money Bills.
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
Financials were the top losers after sharp gains in the previous session along with ITC
The Congress president questioned the government over unfulfilled promises and questioned the Rafale deal.
'The next fiscal year will be a good one.'
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
It doesn't matter that the man who has been given charge of Jayalalithaa's portfolios today started out opposing her.
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