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Here are the reforms that India needs to compete with UK, US and China in tax deductions

Finance Minister Arun Jaitley, while presenting Budget 2015-2016, stated that the rate of corporate…

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First time share buyer? Expect more tax breaks in Budget 2017

The new or modified scheme will be under Section 80 (C) plan that will be likely be announced in th…

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PM Modi may impose higher taxes on income earned from stock market in Budget 2017

“Low or zero tax rate is given to certain types of financial income. I call upon you to think about…

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Relief for the common man! Income tax for people earning Rs 2.5 lakh-Rs 5 lakh reduced to 5%

Also, the FM has levied a surcharge of 10% on people earning an income between Rs 50 lakh and Rs 1 …

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Arun Jaitley may increase service tax from 15% as precursor to GST rollout

So, the government may slap a higher service tax for three months to somewhat offset the revenue lo…

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Budget 2017 may include national social security system for poor, unemployed. Here are pros and cons if this gets through

The government is mulling over income transfer scheme. “There is a thinking... pros and cons of hav…

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Big relief for foreign portfolio investors! Tax dept holds circular on multiple taxations

FPIs feared multiple taxations after the Central Board of Direct Taxes (CBDT) came out with a notif…

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Budget 2017: A huge push to Job Creation in India

Finance Minister Arun Jaitley's 2017 Union Budget will be a big push by Modi government towards emp…

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Tour operators want Arun Jaitley to exempt service tax on foreign exchange during inbound trips

"Travel and tourism is one of the highest foreign exchange earners for the country. The industry is…

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Finance Minister Arun Jaitley makes biggest announcements for Education Sector in India

While highlighting Modi government's "Transform, Energize and Clean India" mission for Budget 2017-…

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India changes its income tax slab for people earning up to Rs 5 lakh. Here are income tax structures of China, UK, US, Brazil and Germany

Now, 5% tax will be levied on people earning under bracket Rs 2.5 lakh-Rs 5 lakh. Presently, it is …

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Aviation ministry has sent its Budget 2017 wishlist to Arun Jaitely. Here’s what they expect

"Excise duty was raised when crude prices were low. Now they are inching up and the government can …

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Indian market may see red due to these tax uncertainties

"A possible resolution of the tax issues in favour of investors this time around may drive outperfo…

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This is what India wants from Budget this February

The Twitterati has so far voted for increased focus on the agriculture sector, followed by youth, u…

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India ranks way below than US, UK and China when it comes to ease of paying taxes. Here’s where India stands

As taxes are important for the country, having a concrete tax system is also important as complex t…

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The budget almost had nothing for the auto sector

Cash transactions limit only upto 3 lakh: Allocation of Rs 2,41,387 crore to the transport sector J…

HASAN BABAR   


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Tax experts give thumbs up Arun Jaitley’s Budget. Here’s what their analysis says

Also, the FM has levied a surcharge of 10% on people earning an income between Rs 50 lakh and Rs 1 …

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India has a better income tax structure than China. Here are the details

When it comes to individual tax, direct taxes are levied exclusively by the Centre. Currently, the …