Search For "tax"
Cigarette and tobacco products to cost more
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): A large number of items, including cigarette and tobacco products, will cost more due to hike in taxes following the presenting of the Union Budget 2020-21 by Finance Minister Nirmala Sitharaman.
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Govt abolishes DDT, pegs revenue loss at Rs 25,000 crore
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday announced the abolition of dividend distribution tax (DDT), a move that will result in revenue foregone to the tune of Rs 25,000 crore.
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One of the worst in last decade: Akhilesh Yadav slams budget
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): Samajwadi Party chief Akhilesh Yadav on Saturday termed Union Budget 2020-21 as 'one of the worst budgets in the last decade' and said it holds 'nothing concrete' for youth and farmers.
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MSMEs turnover threshold for audit increased five times to Rs 5 crore
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): To reduce compliance burden on small retailers, traders, shop keepers who comprise the medium, small and micro enterprises (MSME) sector, the Union Budget has proposed to raise by five times the turnover threshold for audit from the existing Rs 1 crore to 5
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Govt wants to place money in hands of people, simplify income tax process:
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday said the government wants to simplify the income tax process, increase compliance and place money in the hands of people.
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Budget proposes wide-ranging facilitation measures in direct tax regime
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): The Union Budget 2020-21 has proposed a new scheme called 'Vivad Se Vishwas' (no dispute but trust) which aims at reducing litigations in the direct taxes payments.
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Sitharaman proposes extension of tax holiday for affordable housing projec
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): In a bid to promote affordable housing projects, the date of approval for availing tax holiday has been increased by a year, said Finance Minister Nirmala Sitharaman on Saturday.
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Sitharaman announces ease in tax burden of startup employees
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman announced on Saturday that as part of efforts to boost startups, tax burden on employees due to tax on employee stock options would be deferred by five years or till they leave the company or when they sell it.
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Centre proposes charter to stop harassment of taxpayers
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): In a bid to save the taxpayers from harassment, the Centre on Saturday proposed a mechanism to address the pressing problem.
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Budget provides big income tax relief for individuals
Updated : 6 years, 5 months ago IST
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.
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GST has resulted in efficiency gains in transport, logistics sector: Sitha
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday hailed the Goods and Services Tax (GST), saying that the new tax regime has resulted in efficiency gains in transport and logistics sector.
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Sitharaman pays homage to Arun Jaitley in her budget speech
Updated : 6 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday paid homage to her predecessor, late Arun Jaitely, terming him as the architect of the Goods and Services Tax (GST).
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