A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
Arun Jaitley said he would put the DTC Bill in cold storage.
New ITR form may be simpler, but some changes could stump you.
'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.'
Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months.
It's an undeniable fact that after enactment of GST, buying insurance will become a little expensive impacting your term plans, health plans and motor insurance plans the most. But you should not ignore the importance of insuring your life, health, vehicle, says Harjot Singh Narula
They are suitable for a 3-5 year horizon. Choose equity funds for longer than 5 years
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Cabinet likely to pave way for the 'super-rich' tax today.
Transparency in decision-making process is needed.
Here's a simple primer to what actually Form 16 is and what must be done with it.
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.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Sandeep Shanbhag offers tips on post Budget taxation rates.
The GST Council, that includes representatives of all states, will meet again on November 3-4 to decide on the tax rates
Tendering the shares in an open offer will lead to higher taxation.
Even if interest rates go down, they may continue to offer better returns than fixed deposits.
From the date you put in your papers, the employer will promptly freeze your salary payouts and you will get everything along with the full and final settlement.
The Congress president questioned the government over unfulfilled promises and questioned the Rafale deal.
Mohandas Pai took part in an hour-long chat on rediff.com
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
Increase in taxes on luxury cars will not have any effect on the demand
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
These plans aren't likely to put substantial cash in your hands.
Depending on your liquidity requirement, invest in the right debt instruments.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
'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.
Increase in tax exemption limit by Rs 50000 is positive for the FMCG sector, as it will leave more discretionary income in the hands of consumers.
Most expect the Budget to be path-breaking.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
'If my understanding is correct, one has to file not less than 37 returns per year for every ordinary business, and that too per state.' 'If you are doing businesses in Chennai, Bangalore and Hyderabad, you have to file 37x3 returns every year!' 'The consequence of GST will be chaos, confusion and possibly economic crisis.'
The basics and history of India's tax policy suggests that increase in the number of taxpayers has occurred and so has compliance with a reduction of tax slabs and moderate rates of tax.
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