Tax Break

Niti Aayog expected to recommend tax exemption for digital payments

According to a report in Bloomberg, the panel is suggesting that Indian citizens should be offered tax exemptions if they are making payments through digital modes. It has also recommended that there should be a penalty for cash transactions. This is to ensure that more individuals opt for electronic payments over cash transactions.

Not economic growth, Maruti says profits driven only by improving sentiment

Maruti Suzuki warned that its rising sales were largely driven by improving sentiment, discounts and govt tax breaks, rather than any underlying economic revival.

Consensus among MPs to raise I-T exemption limit to Rs 3 lakh

"There is a consensus among the members that annual tax exemption limit be raised to Rs 3 lakh," sources said after the meeting of the Parliamentary Standing Committee on Finance.