Thu, Feb 01, 2018
“The government will expand the coverage under Prime Minister Jan Dhan Yojana by bringing all sixty crore basic accounts within its fold,” said the Finance Minister.
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India's fiscal deficit stands at Rs 6,12,105 crore in just eight months of FY19, overshooting the budgeted estimate (BE) target by 112% for the current financial year.
Thu, Jan 25, 2018
Transactions through digital means rose 6.05% to 1.06 billion in December 2017 from 997.1 million in November.
Wed, Jan 24, 2018
It is expected that the government may increase the income tax exemption limit to Rs 3 lakh from currently Rs 2.5 lakh.
Mon, Jan 15, 2018
Currently a person who sell equity shares listed on stock exchanges within 12 months of their buying, then they enter into short term capital gain
Tue, Jan 09, 2018
Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.
Initially, the MAT was introduced for companies and was later made applicable to all other taxpayers in the form of AMT.
Thu, Jan 04, 2018
The BSE on its website explains that the main objective of disinvestment is to indicate that PSUs had shown a very negative rate of return on capital employed.
Tue, Jan 02, 2018
Every year the government revises the income tax slab rates during the budget. Various deduction are allowed to a taxpayer under Section 80C and Section 80D.
Tue, Oct 31, 2017
Introduction is made under the direction of Railway Minister Piyush Goyal. Running time of popular trains have been reduced between 15 minutes to 2 hours from tomorrow onwards.
Mon, Feb 13, 2017
Commercial and residential property developer Sunteck Realty has reported 269.25% rise in the consolidated net profit for the third quarter ended on December 31,2016.
Mon, Feb 06, 2017
In the Budget 2017, the base year for the calculation of capital gains with indexation benefits has changed to 2001 from 1981.
Thu, Feb 02, 2017
The Department of Space (DOS) got a net allocation of Rs 9,093.71 crore for the next fiscal, up from Rs 8,045.28 crore as per the revised budget estimate for 2016-17.
The Budget pegged the fiscal deficit at 3.2% of GDP in 2017-18.
Karun Rishi, President of USA-India Chamber of Commerce (USAIC) described it as a well-balanced, fiscally prudent budget in the right direction.
Wed, Feb 01, 2017
Apart from this, the government has announced initiatives to push digitisation in rural areas which will being about more people on the internet.
Jaitley announced that for small businesses with an annual turnover of Rs 50 crore they will now have to pay 5% less income tax. This brings down their income tax level to 25%.
The government has increased the allocation for incentive schemes like M-SIPS and EDF to Rs 745 crore in 2017-18
AC-maker Blue Star's B Thiagarajan said the Budget will give a boost to rural sector.
Real estate players have welcomed the government's announcement of infrastructure statues to affordable housing in the real estate sector in Budget 2017.
Jaitley made various income tax related announcement which will directly impact the personal finance of an individual.
Besides mentioning the word car once, the Finance Minister failed to give much to the industry in order to boost it's growth.
While some in the defence industry welcomed the hike in the allocation, there were others that felt that this was not enough considering the government wants to keep India on the top in terms of defence.
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