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Union Finance Minister Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today

Union finance minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, …

ANI   


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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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Understanding fiscal policy: The use of government spending and taxation to manage the economy

A government's fiscal policy outlines its approach to taxes and spending. Policy changes could affe…

Louis DeNicola   


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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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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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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 …

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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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What should Indian startups hope for in Budget 2017

​ The Budget 2017 promises to be of great interest to the startup ecosystem in India, notably the f…

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Archit Gupta, Founder&CEO, ClearTax.com on Budget 2017 expectations on taxation

Archit Gupta, Founder&CEO, ClearTax.com on Budget 2017 expectations on taxation

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Govt to kick off FY24 Budget making exercise on Monday

On the first day on Monday, RE meetings with Ministry of Environment, Forest and Climate Change, Mi…

PTI   


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Hit hard by demonetisation, auto industry hopes for incentive schemes, moderate taxes in Budget 2017

"We have also pointed out that the incentive scheme for electric mobility under the FAME scheme mus…

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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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Indian government’s budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash

The Indian government has proposed several changes to the Cigarettes and Other Tobacco Products …

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Arun Jaitley may drop tough tax accounting rules in Budget 2017

According to a report by the Justice Easwar-led committee on I-T simplification, ICDS has drawbacks…

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Here’s how Budget 2017 will be a game changer in tourism industry

The tourism ministry got 70 % hike in the budget with an allocation of Rs 1,590 crore.

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India lost ₹900 billion due to tax rate cuts under GST, says former Finance Minister Arun Jaitley

Just a few days ahead of the Union Budget, former Finance Minister Arun Jaitley said that the gover…

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Pradhan hopes coming Budget will signal inclusion of ATF, natural gas in GST

New Delhi, Dec 5 () Oil Minister Dharmendra Pradhan on Thursday hoped that Finance Minister Nirmala…

PTI   


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McConnell slams Democrats for using the same mechanism to force through COVID-19 stimulus that he used to pass the 2017 tax cuts

McConnell criticized the "partisan path" being taken by Democrats, though he embraced the same appr…

Mia Jankowicz   


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How this budget will be a gamechanger for SMEs and MSMEs

In current tax system, there are multiple taxes levied by the states and the centre at different le…