Tax Exemption

Showing of 1 - 20 from 39 results
Tax Exemption - Total results - 39
Nirmala Sitharaman holds first pre-Budget consultations with representatives of digital economy, startups
Business

Nirmala Sitharaman holds first pre-Budget consultations with representatives of digital economy, startups

Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on 1 February.

Disability pension tax: Rather than vilifying soldiers, Defence Ministry should work with forces to prevent dishonest claims
India

Disability pension tax: Rather than vilifying soldiers, Defence Ministry should work with forces to prevent dishonest claims

Rather than ordering a blanket change of rules on disability pension tax, the Ministry of Defence should work with the armed forces to institute a foolproof and verifiable system for disability claims

Startups seek scrapping of contentious angel tax proposal; govt may increase investment limit for exemption
Business

Startups seek scrapping of contentious angel tax proposal; govt may increase investment limit for exemption

Various startups have raised concerns on notices sent to them under the Section 56 of Income Tax Act to pay taxes on angel funds received by them.

Affordable housing: Why are builders enjoying 100% income tax holiday and not passing on benefits to home-buyers?
Business

Affordable housing: Why are builders enjoying 100% income tax holiday and not passing on benefits to home-buyers?

Budget 2019 has given one more year to builders to seek approval from competent authority for their housing projects

Converting your rent into EMI has greater resonance now that two self-occupied houses are tax-free
Business

Converting your rent into EMI has greater resonance now that two self-occupied houses are tax-free

One may be petrified by the prospect of interest outstripping the principal but then there is something called time value of money—you get to enjoy a house now which you cannot afford now.

I-T Department to soon decide on startups to be exempted from angel tax; multilayer checking system in place to find eligible firms
Business

I-T Department to soon decide on startups to be exempted from angel tax; multilayer checking system in place to find eligible firms

Last month, the government eased the procedure for seeking income tax exemption by startups on investments from angel funds and prescribed a 45-day deadline for a decision on such applications.

Govt to form working group to resolve angel tax issue of startups; I-T officers instructed not to enforce recovery
Business

Govt to form working group to resolve angel tax issue of startups; I-T officers instructed not to enforce recovery

Ranjan said income tax officers have already been instructed not to enforce recovery of angel tax and dispose of their appeals on priority.

Tax exemptions make Budget Day a memorable one for the middle class
Photos

Tax exemptions make Budget Day a memorable one for the middle class

interim finance minister Piyush Goyal rattled out sops for the middle class, the unorganised sector and farmers in his budget speech on Friday.

Govt eases process for startups to seek tax exemption on angel fund investments
Business

Govt eases process for startups to seek tax exemption on angel fund investments

The government has eased the procedure for startups to seek income tax exemption on investments from angel funds as part of efforts to address concerns of budding entrepreneurs

Angel tax concerns: Startups required to seek tax exemption from inter-ministerial board, says govt
Business

Angel tax concerns: Startups required to seek tax exemption from inter-ministerial board, says govt

Several startups have raised concerns on taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of funds received by an entity.

Gujarat emerges as best performer in developing startup ecosystem for rising entrepreneurs
India

Gujarat emerges as best performer in developing startup ecosystem for rising entrepreneurs

A total of 27 states and three Union Territories participated in the ranking of developing best startup ecosystem for budding entrepreneurs.

I-T Department proposes online filing of tax exemption application from educational institutions, hospitals and charitable trusts
Business

I-T Department proposes online filing of tax exemption application from educational institutions, hospitals and charitable trusts

The Income Tax Department sought comments from stakeholders by 12 November on the amended rules and application forms seeking tax exemptions by such entities.

West Bengal to push for GST exemption up to Rs 50 lakh, says state's finance minister Amit Mitra
Business

West Bengal to push for GST exemption up to Rs 50 lakh, says state's finance minister Amit Mitra

At present, the exemption limit for GST is for businesses having an annual turnover of Rs 20 lakh or less.

Arun Jaitley's bonanza for senior citizens poses a dilemma, FD or SB interest?
Business

Arun Jaitley's bonanza for senior citizens poses a dilemma, FD or SB interest?

The new tax benefit is, however, going to make senior citizens more wanted.

Budget 2018: Maternity benefits, low income taxes and agri infrastructure should be high on Arun Jaitley's agenda
Business

Budget 2018: Maternity benefits, low income taxes and agri infrastructure should be high on Arun Jaitley's agenda

There's a lot of pressure on Finance Minister Arun Jaitley to deliver in the upcoming Budget 2018-19. Will he chose politics over the economy, or find a way to keep both happy?

Govt extends tax exemption for industry in North East, hilly states
Business

Govt extends tax exemption for industry in North East, hilly states

Industries in the north eastern and Himalayan states will continue to get tax exemption till March 2027, Finance Minister Arun Jaitley said

Tax liability: Did you know you have to pay tax on part of income of your near and dear ones?
Business

Tax liability: Did you know you have to pay tax on part of income of your near and dear ones?

You cannot afford to be complacent about these rules that are known among the tax experts in their own jargon as---the clubbing provisions

Soldiers in Madhya Pradesh exempted from toll tax, says Shivraj Singh Chouhan
India

Soldiers in Madhya Pradesh exempted from toll tax, says Shivraj Singh Chouhan

Madhya Pradesh chief minister Shivraj Singh Chouhan on Sunday announced exemption for soldiers from paying toll-tax on highways in the state.

GST rollout: Revenue Secretary Hasmukh Adhia says regime will bring transparency, benefit honest taxpayers
Business

GST rollout: Revenue Secretary Hasmukh Adhia says regime will bring transparency, benefit honest taxpayers

GST will not alter the prices of essentials and daily use items like salt and soaps as they have either been exempt or tax on them has been kept at the current level

Going cashless at universities: Govt can also look at giving exemption with some riders
Business

Going cashless at universities: Govt can also look at giving exemption with some riders

Universities going cashless would spread to other institutions and establishments given the me-too attitude of the Indians by and large