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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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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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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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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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Here are VAT rates of India, China, UK, Germany and Brazil. Find out which country has the highest rate

As per Organisation for Economic Co-operation and Development (OECD), VATs raise around one-fifth o…

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These sectors may get various benefit from Budget 2017, as per this expert

“It does not look like there is going to be major impact basically as far as demonetisation is conc…

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This Budget, Govt is going to do anything to push demand that went down due to note ban. Here’s what it may do in taxes

"The government may be forced to roll back some of the excise increases on fuel as this could feed …

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Job creation will be key thrust area, sops expected in Budget 2017

According to the officials, the proposal includes incentives for creating jobs in sectors such as l…

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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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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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Get ready for ‘cash tax’. Here’s what it is

"A number of steps are under discussion," a government official familiar with deliberations on this…

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Economic Survey decoded: Here’s why it is important

The economic survey, which is prepared by the Chief Economic Adviser, is presented a day before the…

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Railway safety fund likely to get first installment in Budget 2017

In the last five years, the government is looking forward to chip in with Rs 1 lakh crore and raise…

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Junk food, sugary drinks may attract higher taxes in Budget 2017

"In our presentation to the PM, we suggested higher taxes on junk food and sugary beverages because…

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Here’s why India lags 15 years to China in the manufacturing sector

It is often argued that India’s manufacturing sector that is relatively capital intensive must now …

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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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Positive budget expectations and strong rupee lifts equities

The key indices provisionally closed in the positive territory, as healthy buying was witnessed in …