Community & General News
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
Survey predicts over 8 per cent growth in next couple of years
26 February 2016 at 16:49Economy Survey 2015-16: Indian economy stands out as a haven of macroeconomic stability, resilience and optimism and can be expected to register GDP growth that could be in the range of 7.0 per cent to 7.75 per cent in the coming year
Coming Year expected to be a Challenging one from the Fiscal point of view
26 February 2016 at 16:49Fiscal Deficit target of 3.9% for 2015-16 seems Achievable, says the Economic Survey Coming Year expected to be a Challenging one from the Fiscal point of view The Economic survey 2015-16 states that the fiscal deficit target of 3.9 per cent for the
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