He added that the rival parties had tried to project the Bharatiya Janata Party as communal and therefore "untouchable" but the people realised that the party stood for their welfare.
In order to complete in time the project, an initiative of the Kerala government and Dubai Holding, the board also granted special powers to the executive members and strengthened the executive team.
Duty cut on raw material imports are not likely.
Oil and gas players' wish list includes incentivising E&P investments and reintroduction of income tax holiday for exploration and production activities, among others.
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.
Most say they will review their Make in India plans as prices may top pre-GST level
The cess collected on cars as also tobacco and coal will be used to compensate the revenue loss of states by implementing GST.
Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter
Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.
Only after its recommendations will the central GST, integrated GST and state GST Bills be taken up
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
The Bill to amend the Bureau of Indian Standards Act has been passed.
Will it benefit you? Or will it lead to an increase in inflation? Bipin Sapra believes it will be some time before GST's benefits reach consumers.
Anyone who has specific and definite information on black money can share it with Supreme Court-appointed Special Investigation Team going into the issue that can crack down on those stashing money abroad and at home.
RIL said it had launched 'an internal probe' into its staff's detention.
CBEC has said a duty-free shop in a Customs area should not be treated as a warehouse.
Re-instatement of 5% custom duty on crude imports will help.
'India has an advantage because we produce more cotton and we have more workforce.'
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
India is working towards policies and regulations that would encourage non-cash payments.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
A Congress MLA in Bihar has landed in trouble after a sting operation caught the legislator on camera purportedly offering liquor to his guests, despite total prohibition imposed in the state by the Nitish Kumar government.
The Budget has levied a pollution cess on petrol, diesel cars and SUVs and offered a one-time compliance window for domestic black money holders slapping a tax and penalty of 45 per cent.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
Incentives for industries have been rolled back and teachers have gone without salary for months as the state grapples with the after-effects of the ban
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
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The notice also said service tax amounting to Rs 28.08 crore (Rs 280.8 million), in addition to education cess of Rs 56 lakh and secondary and higher education cess of Rs 28 lakh (Rs 2.8 million) for the period between October 2007 and September 2012, should be recovered from Amity under the provision to sub-section 1 of section 73 of the Finance Act.
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
The great pity is that Mr Siddiqui has a remarkable, even inspiring, story to tell, feels Sunil Sethi.
The industry status will help the sector access bank lending at average interest rates
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
Abdul Jalil Mastan caught on camera asking a crowd at a note ban protest to hit with shoes the photograph of Prime Minister Narendra Modi, sparking condemnation and kicking up a ruckus in the state legislature.
We should work in unison to boost growth: FM
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
The court accepted the scheme formulated by the state government to provide "ex gratia assistance" of up to Rs 50,000 to all religious places, including mosques and temples.
'The IAS officers are after the rich people, the IRS officers are after the middle class and the IPS officers are after the poor. This is the new varnashrama created by the bureaucracy.'
Finance Minister Arun Jaitley presented the Union Budget.
A roster of the work for fresh cases notified under the order of the chief justice of India will come into effect from February 5 till further orders.
