These taxes include value added tax (VAT), electricity duties and fuel used for transportation, which are not exempt or refunded under any other existing mechanism.
Fiscal deficit touches 128.5% of Budget estimate at January-end; expenditure-revenue gap stands at Rs 9,85,472 cr: Govt data
The fiscal deficit during the same period during 2018-19 was 121.5 percent of that year's Revised Budget Estimate (RE).
Narendra Modi urges people to pay their dues for India's development; says tax harassment will be a thing of past
All citizens who could afford to pay taxes should pay them honesty for the welfare of those who had made them capable of it, Modi said
Auto sector crisis: It's amber light for motown as demand unlikely to revive in FY21; revenue growth, margins to be subdued, says eport
Despite the nearly two-year crisis in the auto sector, the past two Union Budgets have given little respite to the sector that is very critical to generate employment.
Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
The Budget brought more clarity on the fiscal deficit side by pegging the deficit figures at 3.8% of the GDP for FY 2019-20 and 3.5% for FY 2020-21, showing a deviation of 0.5% from the fiscal glide path.
Mutual fund industry body seeks clarification from tax authorities on removal of DDT, TDS introduction
Industry body AMFI has sought clarification from relevant tax authorities with regard to the government's plan to scrap dividend distribution tax (DDT) on mutual funds and introduction of tax deducted at source on the income distributed by such products, fund managers and officials have said
Nirmala Sitharaman also attempts to maintain a balance by underscoring various measures taken by the government towards the woman and child welfare, culture and tourism, environment and climate change
LIC IPO: About 1 lakh employees stage walk-out across country against proposed stake sale; future course of action to be decided next month
In a statement issued earlier on Tuesday, AILEF said listing of LIC is against national interest as over the years it has been playing a pivotal role in nation building activities.
Budget 2020: Nirmala Sitharaman's announcements expected to give impetus to consumer spending, give jump-start to economy
The consumer sector has been facing strong headwinds over the last few quarters, including rural job losses and stagnating wages, besides an erratic monsoon.
Finance Ministry to assuage concerns of rating agencies; economy remains robust: Economic Affairs Secretary Atanu Chakraborty
The finance ministry has said it will try to assuage concerns of rating agencies on opting for higher deficit and other Budget numbers while stressing that fundamentals of the economy are strong
Moody's says India's growth projections ambitious; GDP expansion likely at 4.9% in FY20, 5.5% in FY21
Moody's Investors Service on Tuesday said economic growth projections made by Finance Minister Nirmala Sitharaman in her Budget for 2020-21 appear ambitious given the structural and cyclical challenges facing the Indian economy
Budget 2020: Nirmala Sitharaman's slew of amendment proposals on various taxes may lead to adverse impact on individuals
The government has recognised the cash flow crunch faced by employees of startups who are required to pay taxes on the allotment of shares on exercise under the current provisions.
'Attempts were made to mislead people': Narendra Modi says critics accept Union Budget as 'best option' under prevailing economic conditions
Prime Minister Narendra Modi on Tuesday said attempts were made to mislead people on the Union Budget, however, even critics now accept that it is the best budget under the prevailing global economic scenario
Budget 2020: Industry’s demand on DDT concerns addressed; will experts' proposals help bring back investor's confidence?
For e-commerce operator, this means creating more robust technology platforms and enabling tax complaint back end infrastructure to capture data and ensure compliance.
Why India’s athletes and sports federations should not be worried that budgets have been ‘reduced’ in an Olympic year
Should then India’s athletes and National Sports Federations be worried that the budgets have been ‘reduced’ in the Olympic year? We try to simplify matters:
Budget 2020: New tax structure gives option to save tax; people can stay in current regime or switch to proposed plan, says revenue secretary
In the new regime, 5 percent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 lakh. The tax rate rises to 10 percent, 15, percent, 20 percent and 25 percent for every Rs 2.5 lakh addition.
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.
In first rally for Delhi polls, Narendra Modi reiterates BJP's pitch to regularise unauthorised colonies and slams AAP, Congress over anti-CAA protests
Prime Minister Narendra Modi on Monday addressed his first poll rally ahead of the Delhi Assembly election scheduled for 8 February and appealed to voters to "shun the politics of hate" and focus on development. Amid sustained nationwide protests against the "discriminatory" Citizenship Amendment Act (CAA), Modi said that various demonstrations against the contentious law in the National Capital were "politically motivated" and part of a "conspiracy".
How cultural-political vision of BJP, RSS for new India is coded in Nirmala Sitharaman's Budget speech
While the Opposition was trying to shout down such mentions, the government was using a financial jargon and technicality-packed Budget speech as a code for the cultural agenda of new India.
Budget 2020: Indirect tax proposals may take Make in India theme forward; customs electronic duty credit ledger a milestone
The GST rule is sought to be amended to trigger imposition of penalties against persons ‘causing and benefitting’ fraudulent input tax credit.