The higher spending, tax cuts and supportive policies announced in India's Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates.
Sanjay Malhotra, revenue secretary under the Ministry of Finance has said the tax relief announced in the Budget was based on the principle of a trust-based relationship.
Sitharaman noted that the world has recognised the Indian economy as a 'bright star' which is expected to grow in the current year at seven per cent - the highest among all the major economies.
Mumbai (Maharashtra) [India], March 17 (ANI): Maharashtra Finance Minister Ajit Pawar said that the central government should provide tax relief for the 'Kashmir Files', instead of asking states to waive off tax on the recently released film.
Andhra Pradesh (India), August 25 (ANI): Andhra Pradesh Hotels Association on Wednesday requested the state government to provide relief from various taxes like Trade license fees, property taxes, drainage and water taxes and electricity charges, on Wednesday.
Thiruvananthapuram (Kerala) [India], June 30 (ANI): Kerala Pradesh Congress Committee (KPCC) president K Sudhakaran on Tuesday said that the CPI(M)-led Left Democratic Front (LDF) instead of agitating against the increase in fuel prices, should give tax relief to the people of Kerala.
New Delhi [India], June 12 (ANI): Union Finance Minister Nirmala Sitharaman said on Saturday that recommendations of Group of Ministers (GoM) set up to look into tax relief on Covid-19 medical supplies have been accepted by the GST Council.
Bangalore (Karnataka) [India], January 30 (ANI/NewsVoir): IET India recently released findings from its report "Voices from the Ground: The Unheard Impact of COVID-19 on India's Workforce". The report captures the concerns regarding the uncertainties post-COVID-19 on India's workforce across
New Delhi [India], January 28 (ANI): Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is going to present on February 1 as the government is likely to leave income tax slabs untouched.
New Delhi [India], November 13 (ANI): In order to boost demand in the real-estate sector and to enable the real-estate developers to liquidate their unsold inventory at a rate substantially lower than the circle rate and giving benefit to the home buyers, the government has decided to allow
New Delhi [India], Feb 2 (ANI): NCP leader Majeed Memon has said that the income tax relief for individual taxpayers in the Union Budget 2020-21 is just a "lollipop".
New Delhi [India], Feb 1 (ANI): In a major relief for individual taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a new regime of personal income tax.