Budget 2020: Govt likely to raise spending on infrastructure, cut personal tax to revive economic growth
Sitharaman is expected to announce a plan in the budget to invest Rs 105 lakh crore ($1.48 trillion) in infrastructure over the next five years.
Budget 2020: Govt stares at tax shortfall of Rs 2 lakh cr on faltering economy; room for personal income tax relief limited
The exchequer was shaved off Rs 1.45 lakh crore as the government slashed corporate tax rates up to 10 percentage points, the biggest reduction in 28 years.
Budget 2020: Having showered confetti on corporates, Nirmala Sitharaman cannot disappoint salaried class
The one-size-fits-all standard deduction of Rs 40,000 from salary needs to be upped to a third of the salary or Rs 1 lakh whichever is less
Core sector growth in negative zone for first time in 4 years: Economy is slowing, but here are four ways government can arrest slowdown
There is a likelihood that there will be some revival in the consumer spending in the next two months on account of the festive season demand, which could offer some relief to the economy.
Narendra Modi govt should spare a thought for salaried class; jump from 5% to 20% tax is grossest injustice to middle income group
Apart from being unjust to the middle class, it is the steep rate of tax that tantalises people to split their income
Arun Jaitley had a little room to fulfill the widespread expectations of the common man from the Budget on the personal taxation front.
Direct tax collections jump 19% to Rs 6.89 lakh cr this fiscal; gross collections up 13.5% to Rs 8.11 lakh cr
CBDT says there has been consistent and significant improvement in the position of direct tax collections during the current fiscal
Union Budget 2017-18 reflects a clear choice to stay on the same path even amid the additional difficulties caused by demonetisation – and therefore, promises little relief
Finance Minister Arun Jaitley on Wednesday placed before Parliament some revealing data indicating that India's direct tax collection is not commensurate with the income and consumption pattern of the economy.
Govt may push for major changes in tax structure in Budget on account of demonetisation, says Care Raings
Care Ratings said the tax framework would be interesting for individuals and corporates where there are expectations of some major changes following demonetisation
It will take at least one more year for the government to completely understand the exact impact of demonetisation on tax collection
The expectation now is that there could be some tweak in the exemption rules
Hectic lobbying by India Inc already seems to have tilted the scales in favour of reduction in corporate tax rates instead of personal income tax slabs
The qualifying fixed deposit tenure can be reduced from five years to three years.
Finance Minister Arun Jaitley has provided some relief to the individual tax payer who has been bearing the brunt of high inflation in the economy.<br />
A maximum deduction of Rs 1,50,000 is available for interest paid on housing loan. The property price and interest rates have increased substantially over years. There is a need to revise this limit of deduction.
Gross collection of corporate taxes declined 2.82 percent during April-May while personal income tax rose 10.02 percent during April-May