The proposed changes in Dividend Distribution Tax (DDT) and the new income tax system announced in the budget will not have any adverse impact on the mutual fund industry that showed resilience and maintained robust growth amid economic headwinds, a senior mutual fund official said
Govt moves towards simplifying tax regime; LIC IPO will benefit retail investors: Nirmala Sitharaman
The finance minister said that taxpayers' charter is based on the idea that taxation regime should be on the foundation of trust among citizens.
Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
The Budget brought more clarity on the fiscal deficit side by pegging the deficit figures at 3.8% of the GDP for FY 2019-20 and 3.5% for FY 2020-21, showing a deviation of 0.5% from the fiscal glide path.
Mutual fund industry body seeks clarification from tax authorities on removal of DDT, TDS introduction
Industry body AMFI has sought clarification from relevant tax authorities with regard to the government's plan to scrap dividend distribution tax (DDT) on mutual funds and introduction of tax deducted at source on the income distributed by such products, fund managers and officials have said
I-T Department clarifies 10% TDS applicable only on dividend paid by mutual funds, not on redemption of units
The tax department on Tuesday clarified that the Budget proposal of 10 percent TDS will be applicable only on dividend payment by mutual funds and not on gain arising out of redemption of units
Nirmala Sitharaman exhorts industry to shun hesitation, partner with govt to push growth; says willing to take more steps
alking about the measures taken to help the industry, the minister listed some of them like corporate tax rate cut and removal of Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT).
Limit on tax-free employer contribution to retirement funds to impact employee with salary above Rs 60 lakh: Official
Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 per cent of salary is taxable.
Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers
While one of the key focus areas for this Budget 2020-21 on socio-welfare front is to widen the reach of affordable healthcare services, it also lays emphasis on government policy of ‘Make in India’.
Budget 2020: Nirmala Sitharaman reaches out to middle class and farmers, puts errant IT officials on notice
The concerns of an overwhelming number of people, particularly men and women from the underprivileged class, have been addressed by Nirmala Sitharaman's Budget speech.
There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful
Nirmala Sitharaman offers tax cuts with riders, sops to startups in record 160-minute speech; industry unimpressed
The startup sector got a host of measures in Budget 2020 including relaxing tax incentives and setting up of investment clearance cell for startups and entrepreneurs with a view to promote their growth
Nirmala Sitharaman’s record 160-minute long Budget speech a missed opportunity to revive a floundering economy
The decision to sell part of government stake in LIC and list shares on stock exchanges is one big announcement made in the Budget and will be seen with a lot of interest by the investors.
Budget 2020: BJP recommends tax tweaks to attract foreign investors; says cost of financial transactions in country to be reduced
India charges 15 percent short-term capital gains tax if equity shares are sold within a year and at 10 percent if sold after a year.
India may miss tax collection target for 2019-20 by Rs 2.5 lakh cr; it's time to junk DDT, reform personal income tax: SC Garg
The government had budgeted gross tax revenues of Rs 24.59 lakh crore.
There are as many as eight slabs of income tax with the highest effective tax rate exceeding 40 percent.
Moms-to-be that inhale pollutants like DDT and dioxins from burning municipal waste are risking their foetus's health.
Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex
The PMO is reviewing the current structure of LTCG tax, the STT and DDT in consultation with the Finance Ministry’s Revenue Department and NITI Aayog.
The Finance Ministry on Friday said that it will look into the applicability of 20 percent tax proposed in the 2019-20 Budget on the current share buybacks by listed companies
Budget 2019 has delivered quick fixes; govt seems to have made attempt to address several policy gaps
The maiden Budget speech of Finance Minister Nirmala Sitharaman, perhaps the longest in recent years, witnessed a flurry of policy announcements, both for rural and urban India.
Finance Minister Nirmala Sitharaman has steeply hiked the wealthy with a super-rich tax in Union Budget 2019