INDIRECT TAXES PROPOSALS To boost domestic manufacture and to address the issue of inverted duties, basic customs duty (BCD) reduced on certain items. To encourage new investment and capacity addition in the chemicals and petrochemicals
To broaden the tax base in Service Tax, sale of space or time for advertisements in broadcast media has been extended to cover such sales on other segments like online and mobile advertising. Announcing the tax proposals, the Finance Minister Shri Ar
Personal Income-tax exemption limit raised by Rs50,000/- that is, from 2 lakh to Rs2.5 lakh in the case of individual taxpayers, below the age of 60 yeaRs Exemption limit raised from Rs 2.5 lakh to Rs 3 lakh in the case of senior citizens.
The Finance Minister Shri Arun Jaitley in his maiden Budget Speech advised financial sector regulators to take early steps for a vibrant, deep and liquid market. Shri Jaitley also proposed to extend a liberalized facility of 5% withholding tax to all
All fresh cases arising out of the retrospective amendments of 2012 in direct transfers will be scrutinized by High level committee to be constituted by the CBDT before any action is initiated in such cases. Announcing this during his Budget Speech i
Government has proposed certain legislative and administrative changes with a view to reduce litigation in direct taxes. Announcing this in his maiden Budget Speech in the Parliament today, the Union Finance Minister Shri Arun Jaitley said that resid
Government committed to achieve fiscal deficit of 4.1% for 2014-15.Subsidy regime to be made more targeted for full protection toThe marginalized, poor and sc/st.Government to promote fdi selectively in sectors.Rs 1000 crore provided for "pradha
In a fast changing world, financial policy has to catch up with the needs of future India that people are aspiring to build. The Economic Survey 2013-14 mentions that the next wave of reforms will be through strengthening the institutional foundation
Highlights of Economic Survey 2013-14 CHAPTER 1: STATE OF THE ECONOMY AND PROSPECTS Economy to grow in the range of 5.4 5.9 per cent in 2014-15 overcoming sub-5 percent growth. Growth slowdown was broad based, affecting in particular the in
The Minister of Railways Shri D. V. Sadananda Gowda, while presenting the Railway Budget for 2014-15 in Parliament today, said that the financial position of Railways has undergone a change since presentation of Interim Budget and passing of the &lsq
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