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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.

Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?

There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful

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.

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

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.

Budget 2020: Former finance secretary SC Garg favours 4 rate income tax structure without cess

There are as many as eight slabs of income tax with the highest effective tax rate exceeding 40 percent.