Community & General News
Key Features of Budget 2016-2017
29 February 2016 at 13:40INTRODUCTION � Growth of Economy accelerated to 7.6% in 2015-16. � India hailed as a �bright spot� amidst a slowing global economy by IMF.
Simplification and Rationalization of Taxation
29 February 2016 at 13:40While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the Government has already accepted many recommendations of Tax Administration Reform Committee. He further proposed to accept a nu
Scheme to declare undisclosed income by paying 45% tax in a given compliance window
29 February 2016 at 13:40While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley proposed a Scheme to declare undisclosed income by paying 45% tax in a given compliance window. Shri Jaitley proposed a limited period C
Fiscal Deficit Retained at 3.9 percent
29 February 2016 at 13:39Fiscal Deficit Retained at 3.9 percent in RE 2015-16 and at 3.5 percent in BE 2016-17 Adhering to the fiscal targets, the fiscal deficit in RE 2015-16 and BE 2016-17 have been retained at 3.9% and 3.5% of GDP respectively. While presenting the Gener
New Dispute resolution scheme unveiled in Budget 16
29 February 2016 at 13:31While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that litigation is a scourge for tax friendly regime and creates an environment of distrust. Litigation also leads to increasing the com
Budget Speech 2016-17
29 February 2016 at 13:31Budget 2016-2017 Speech of Arun Jaitley Minister of Finance February 29, 2016 Madam Speaker, I rise to present the Budget for the year 2016-17.
Registration of Companies to be done in one day
29 February 2016 at 13:31A Bill shall be introduced in the current Budget session of the Parliament in order to amend the Companies Act 2013. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that this will remo
E-Assessment to be expanded to 7 cities
29 February 2016 at 13:31Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000 100% Deduction of Profits for 3 out of 5 Years for Start-Ups withdrawal upto 40% of the Corpus to be Tax-Free at the time of Retirement Deduction of Additional Interest of Rs.50,000 P
Economic Survey 2015-16 has been released
26 February 2016 at 17:58A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2015-16 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highly
The Chakravyuha Challenge: Ease to enter, barriers to exit
26 February 2016 at 16:50Indian Economy making great strides in removing barriers to entry for firms, talent, and technology but less in relation to exit
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