Search For "tax"
Union Budget neither gives any meaningful relief nor listens to people's v
Updated : 7 years ago IST
New Delhi (India), July 5 (ANI): Congress party on Friday said Prime Minister Narendra Modi led BJP government at the Centre failed to address the vulnerable sections of the society, raised tax burden, and did not give any "meaningful relief" and listen to the people's voice in the Union Bud
Read More
Additional resource mobilization through tax measures to yield Rs 25,000 c
Updated : 7 years ago IST
New Delhi (India), July 5 (ANI): The net additional resource mobilization through tax measures announced in the Budget will yield a sum of Rs 25,000 crores a year.
Read More
Govt has sought lowering of GST on electric vehicles from 12pc to 5pc, say
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman on Friday said the inclusion of solar stage batteries and charging infrastructure will boost production of electric vehicles and their faster adoption by customers in the country.
Read More
Direct tax revenue increases by 78 pc in last five years
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): The direct tax revenue has significantly increased by over 78 per cent from Rs 6.38 lakh crore in 2013-14 to about Rs 11.37 lakh crore in last five years, Finance Minister Nirmala Sitharaman said on Friday.
Read More
GST processes to be simplified, biz with less than Rs 5 cr annual turnover
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax (GST) processes were being further simplified while adding that businesses with less than Rs 5 crore annual turnover will need to file quarterly GST return.
Read More
Rs 350 cr allocated under interest subvention scheme for MSMEs: FM Sithara
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): Around Rs 350 crore has been allocated for FY 2019-20 for two per cent interest subvention for all Goods and Services Tax (GST) registered Micro, Small and Medium Enterprises (MSMEs), on fresh or incremental loans, Finance Minister Nirmala Sitharaman said on
Read More
High-end income group people need to pay 3 pc to 7 pc more annually
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): The people in the high-income group will have to pay more taxes as Finance Minister Nirmala Sitharaman on Friday said that "tax rates for individuals having taxable income from Rs 2 crore to Rs 5 crore and Rs 5 crore and above would be increased by around 3 p
Read More
Lower rate of 25 pc corporate tax extended to companies with turnover up t
Updated : 7 years ago IST
New Delhi [India], July 5(ANI) : The Union Budget 2019-20 on Friday proposed to extend the lower rate of 25 per cent corporate tax to all companies with annual turnover up to Rs 400 crore.
Read More
Addtional income tax rebate for purchasing electric vehicles: Sitharaman
Updated : 7 years ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman said on Friday that India can become a global hub of manufacturing electric vehicles and announced a series of sops including likely reduction in GST rate and additional income tax rebate of up to Rs 1.5 lakh.
Read More
Sitharaman announces 2% interest subvention for GST-registered MSMEs on fr
Updated : 7 years ago IST
New Delhi [India], July 05 (ANI): In a major impetus for the micro, small and medium enterprises (MSME) sector, Finance Minister Nirmala Sitharaman on Friday announced two per cent interest subvention for MSMEs under the Goods and Service Tax (GST) on fresh or incremental loans.
Read More
UP: Defaulters thrashes officials who were part of 'dhol' tax recovery tea
Updated : 7 years ago IST
Lucknow (Uttar Pradesh) [India], July 5 (ANI): Five Lucknow Municipal Corporation (LMC) officials, who were part of the team which played 'dhols' to shame owners of commercial and residential properties having pending tax dues, were allegedly thrashed by some defaulters on Thursday evening.
Read More
Coming year will pose several challenges on fiscal front: Economic Survey
Updated : 7 years ago IST
New Delhi [India], July 4 (ANI): The pre-Budget Economic Survey for 2018-19 says that the coming year will pose several challegnes on the fiscal front with apprehensions of slowing of growth, which will have implications for reveneu collections.
Read More