The new tax returns we have to file for the last financial year is more intrusive in the level of details its seeks from taxpayers. It could bring fear of the taxman into every home unless the law specifically prevents this from happening.
For banks, the new structure wouldn’t make much of difference
The market rose after the rating agency upgraded its rating outlook for India
FIIs, the major drivers of the rally, pumped in $18.3 billion in fiscal 2015 as against $13.4 billion in the previous fiscal
While life insurance may not be strictly necessary for those who are not going to leave behind dependants, pension is a must for the non-propertied class
The case pertains to allocation of Talabira II coal block in Odisha to M/s Hindalco in 2005, when the then Prime Minister Singh was holding the coal portfolio.
Jaitley has given the benefits on a platter to the money bags while thumbing his nose at the middle class
The Nifty was also a life time high as markets cheered the RBI's decision to cut monetary rates, a decision that it sees as a boost for industrial growth.
The 30-share index rose further by 209 points, or 0.71 per cent, to 29,570.50.
“This was probably the first budget where the FM concentrated more on the long-term measures than simply talk numbers about the sector.
The government even while encouraging tax culture must not look down upon tax savings through infrastructure-centric investments
The Govt must introduce rules to deem cash transactions above certain value illegal; charge a fee on large cash withdrawals with additional scrutiny; and announce tax rebate for businesses accepting electronic payments.
Focus on improving the tax-to-GDP ratio from current 10.6 percent levels, lowering the subsidy bill from over 2 percent of GDP and spending on creation of assets will help the government on its fiscal consolidation path
What the market seems to be indicating is that the medium term picture still looks good, despite the near term gloom
Riding high on optimism over the upcoming Budget and hopes of rate cut, Indian markets rose for the sixth straight day with benchmark Sensex surging 184.38 points to close at three-week high of 29,320.26 today.
The income-tax law indeed is caught in a time warp especially for the salaried class
Sensex fell for the first time in eight days, dropping 230.86 points to close at 29,231.41 on selling in bluechips, including RIL, and caution ahead of the the Union Budget.
Bucking the weak trend in Indian shares, the rupee today closed with a gain of 12 paise against the American currency at 62.22 on selling of dollars by banks and exporters.
Sensex rose 142 points, extending its winning run to the seventh day, buoyed by gains in HDFC, Infosys and L&T as well as fag-end buying in metal shares
Why do we go overboard in our tax hospitality to foreign sportspersons? The ostensible reason is to attract the best talent so that a nation lagging behind in sports gets to watch the best in the field and learn.
Sensex failed to hold its initial gains and slipped into the negative territory by falling over 155 points in late morning trade
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Thursday was trading 110.74 points or 0.38 percent up as consumer durables stocks surged.
The Indian rupee today snapped its two-session uptrend against the American currency, falling 18 paise to close at 62.34 on fresh dollar demand from banks and importers.
The rupee depreciated by 10 paise to 62.26 against the dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the US currency overseas.
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Wednesday was trading 92.58 points or 0.32 percent up as capital goods stocks surged.
Ahead of the release of crucial inflation data, Sensex provisionally closed Thursday's trade up 271 points or 0.95 percent.
Expectations of faster economic reforms by the government and optimism over the forthcoming Budget, buoyed trading sentiments.
The Indian rupee fell for the third consecutive session today against the American currency, slipping by six paise to close at fresh one-month low
Nifty index reclaiming the 8,600-mark powered by a rebound in bluechips amid hopes of faster reforms and optimism over the upcoming Budget.
The benchmark BSE Sensex rose over 134 points in early trade today on value-buying by investors in selective stocks amidst optimism over the upcoming Budget.