Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items
In order to make taxation processes faceless, the National Faceless Income Tax Appellate Tribunal Centre shall be established with the facility of personal hearing through videoconferencing.
Union Budget 2021: Nirmala Sitharaman offers carrot and stick approach to raise revenue, soothe taxpayers
Taxpayers can also draw solace from the fact that the Budget has reduced the period for issuing tax notices by the department for a particular transaction to four years from seven years earlier
This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
The best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue.
In a post-pandemic year, the government showed a serious intent to establish a tax regime with far-reaching impact
From a consumer and healthcare perspective, Union Budget 2021 has a lot of positives. On the healthcare side, COVID-19 pandemic had brought to light India's underspend in healthcare. Budget 2021 has done well by allocating over Rs 2 trillion holistically towards the health sector, a handsome increase of 137 percent.
Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha
As people await the Budget, a key question for many will be how their taxes will be affected
Union Budget 2021: Reintroduce single tax slab structure, raise minimum taxable income to Rs 7.5 lakh
All eyes are on the upcoming budget for the next financial year as India looks to recover from the economic devastation caused by the coronavirus pandemic
The Union Budget 2021 will be the first one in the post-COVID world and the industry will be expecting concrete measures from the government in favour of a fast-tracked revival process for the economy.
Union Budget 2021: Govt should speedily release GST refund dues to allow locked-up capital flow into economy
The government should speedily release all outstanding payments or tax refunds owed to service providers in the form of pending bills including GST refund dues
GST has witnessed so many amendment times and again that its original structure which was kept by the Parliament before the country seems to be taking new shape and a new variant of GST
Centre will present 'dressed-up' revised estimates for 2020-21 in upcoming Union budget, claims Congress
The Opposition party demanded a large fiscal stimulus to the economy, asserting that such a step alone will put money in the hands of people and stimulate demand
Union Budget 2021: Scottish economist James Wilson presented India's first budget; 8 facts about annual financial statement
While it is Nirmala Sitharaman’s third budget, the record of the maximum number of budget presentations is held by Moraji Desai
A one-time capital gain exemption for gold may be a good incentive for the revival of small businesses.
Union Budget 2021: Scope for tax concession very limited, Centre may inject stimulus through capex, says expert
The expert said the fiscal deficit in the current fiscal is likely to be between 6.5-7 percent, adding that the government could relax the target but should keep a close eye on debt-GDP ratio projection
Over 70% industry respondents expect Budget to hike standard deduction limit for salaried individuals, says KPMG survey
Of the 250 respondents across sectors who participated in the KPMG in India's pre-budget Survey 2021-22, a small number said that they expect a new COVID-19 cess in Union Budget 2021
Union Budget 2021: Centre may address inverted duty structure for steel products to boost manufacturing, say sources
Inverted duty structure impacts the domestic industry as manufacturers have to pay more for raw material in terms of duty, while the finished product lands at lower duty and cost
Union Budget 2021: Favour extension of pandemic support measures, thrust on infra investment, says IMF
IMF’s chief economist Gita Gopinath said more public infrastructure spending is needed and that the Government of India has expressed its intention to do so
Ajay Sahai of the Federation of Indian Export Organisation, said extending bulk clearance is a good idea that would help reduce transaction cost