Search For "tax"
Tax for smaller companies with annual turnover of up to Rs. 50 crore reduc
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb.1 (ANI): Presenting the General Budget for 2017-18 in parliament today, Union Minister for Finance and Corporate Affairs Arun Jaitley said income tax for smaller companies with annual turnover of up to Rs. 50 crore would be reduced to 25 percent in order to make MSME c
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Honest tax-payers will still be burdened: ASSOCHAM
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 1 (ANI): ASSOCHAM General Secretary D. S. Rawat said that with all the hype about lenient taxation and investment policies, the budget was unable to live up to expectations.
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Govt. alters tax slabs with 5 pct reduction in income of Rs. 2.5-5 lakh
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 1 (ANI): In a sign of relief for the people in the lower brackets of income tax, Finance Minister Arun Jaitley today announced reduction in the existing rate of taxation for individuals with income between 2.5 lakh to five lakh to five percent instead of 10 percent wi
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CII calls for identifying more employment-generating sectors
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 1 (ANI): Recapitalisation of banks will ensure more credit, said Chadrajit Banerjee, DG, CII, on Wednesday. After the announcement of the Economic Survey 2016-17 on Tuesday, Banerjee emphasised on the importance of changing personal income tax slabs in the country, as
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Jaitley presents Union Budget despite Oppn protest
Updated : 8 years, 7 months ago IST
New Delhi (India), Feb. 1 (ANI): Finance Minister Arun Jaitley has begun presenting the Union Budget in Parliament today amid expectations of an increase in income tax exemption limits, to incentives for the Micro Small and Medium Enterprises (MSME) sector post the November 8 demonetisation
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Remonetisation and easing taxation is crucial, says ASSOCHAM
Updated : 8 years, 7 months ago IST
New Delhi [India], Feb. 1 (ANI): ASSOCHAM President Sunil Kanoria lauded the Economic Survey that was presented on Tuesday, hailing it to be a correct analysis of the impact of demonetisation on society.
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Banking sector looking at full tax exemption in budget
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan.31 (ANI): The banking sector is expecting a reduction in tax rates as well as liberalisation in the FDI policy, as the country prepares for the announcement of the Union budget proposals for 2017-18, which will be announced tomorrow by Union Finance Minister Arun Jaitl
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Startup ecosystem looking forward to financial boost in the forthcoming bu
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan 31 (ANI): With the Union Budget 2017 being announced tomorrow, Startup industry is expecting more incentives this financial year. According to the market leaders, Startups are looking forward to a continuing tax exemption as well as other tax-related incentives.
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Bengaluru, Jaipur are collecting no more than 5-20 per cent of their prope
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 31 (ANI): "Every Indian city faces serious challenges related to water and power supply, waste management, public transport, education, healthcare, safety, and pollution due to large infrastructure deficits, inadequate finances, and poor governance capacities&quo
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Income Tax Department (ITD) launches Operation Clean Money
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan 31 (ANI): Income Tax Department (ITD) initiated Operation Clean Money on Tuesday. The initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016 period.
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Constitutional amendment on GST will create a common Indian market, improv
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 31 (ANI): Against the backdrop of macro-economic stability, the year was marked by two major domestic policy developments-the passage of the Constitutional Amendment, paving the way for implementing the transformational Goods and Services Tax (GST), and the action to
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IT Dept. attaches properties under Benami Property Transactions Act
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 31 (ANI): The Income Tax (IT) Department has recently attached properties under Prohibition of Benami Property Transactions Act, 1988, and issued 87 notices out of which 42 properties have already been attached in the last few days, sources state.
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