Sun, Jan 29, 2023
In an exclusive interaction with Zee Business, Former Finance Secretary Subhash Chandra Garg gives a reality check on the popular expectation of the salaried class on the revision of the income tax slabs and cautions the government on the ballooning fiscal deficit scenario ahead of the Union Budget presentation on February 1, 2023 by Union Finance Minister Nirmala Sitharaman.
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Wed, Jan 25, 2023
Budget 2023: Under Section 234D, if a taxpayer miscalculates and pays excess income tax and the return gets delayed, a levy of interest on excess refund is granted to the taxpayer.
Budget 2023 middle class Expectations: Finance Minister Nirmala Sithraman has raised the expectations of India’s Middle Class by saying that she belongs to middle class, and can understand their pressures. A longstanding demand of the salaried class, aam aadmi wants a revision in income tax slabs and changes in various provisions that leaves more income in their hands.
Tue, Jan 24, 2023
India first imposed windfall profit taxes on July 1. As per FICCI, the windfall tax was over and above the heavy burden of royalty (20% of oil price for onshore fields and 10% for offshore areas) and oil industry development (OID) cess (20% of oil price)
A decision on extending PLI to new areas will be taken after factoring in the potential for local value addition and import substitution to boost investment and create jobs.
In an exclusive interaction with Zee Business, Dinesh Agarwal, founder and CEO of IndiaMart, talks about how Budget 2023 needs to bring more credit schemes for the MSME sector.
Fri, Jan 20, 2023
Budget 2023: One such scheme where taxpayers are hopeful of a modification is the National Pension Scheme or NPS.
Thu, Jan 19, 2023
In an exclusive conversation with Zee Business, Federal Bank's CFO Venkatraman Venkateswaran talks about the bank's NPA's, credit growth and how the capital gain tax alignment needs to be addressed in the upcoming Budget.
Budget 2023: There are multiple terminologies that are used in the Budget. But commoners are unable to relate to those words. Tax is the most talked about the topic ahead of the budget as people expect some announcements.
Income Tax Act 80C and 80D: As of now, 80C and 80D are the two significant sections in the Income Tax Act that help taxpayers save some tax.
Wed, Jan 18, 2023
Government is considering restructuring the personal income tax regime by adding certain exemptions and lower IT rates in the upcoming Budget
Tue, Jan 17, 2023
UBS India economist Tanvee Gupta Jain expects the upcoming budget to increase rural/agri spending by $10 billion
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