Others News

Clarification on 'Expenditure on Tax administration' in Union Budget 2018-19

03 February 2018 at 14:10

In one of the Budget documents of the Union Budget 2018-19,“Budget at a glance” under the title ‘Expenditure on Government of India’, an expenditure of Rs.77,747 crore and Rs.10,5541 crore has been shown against the item &ld

Posted in Others | 2028 Views

Rates of income tax for income of AY 2018-19: Cess increased

01 February 2018 at 15:08

DIRECT TAXESA. RATES OF INCOME-TAXI. Rates of income-tax in respect of income liable to tax for the assessment year 2018-19.In respect of income of all categories of assessees liable to tax for the assessment year 2018-19, the rates of income-tax hav

Posted in Others | 1 comments | 13920 Views

Payments exceeding Rs. 10,000/- in cash to be disallowed

01 February 2018 at 13:56

Stricter controls over small cash flow by companies; Payments exceeding Rs. 10,000/- in cash made by such entities shall be disallowedPosted On: 01 FEB 2018 1:16PM by PIB DelhiIn order to control the cash economy and increase TDS compliance, the Unio

Posted in Others | 11199 Views

Corporate tax reduced to 25% : Govt foregos 7000 crore revenue

01 February 2018 at 13:55

99% MSMEs to gain by Tax Incentives provided in General Budget 2018-19 The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed a reduced rate of 25% to companies that have reported turnover up to Rs 250 crores in financia

Posted in Others | 1 comments | 4146 Views

Standard Deduction of Rs 40,000 allowed to Salaried Taxpayers

01 February 2018 at 13:53

Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions2.5 Crores salaried employees and pensioners to benefitDifferently-Abled will continue to get transport allowance at enhanced rate In order to provide

Posted in Others | 1 comments | 9831 Views

Exemption of interest income on deposits increased to Rs 50,000 for senior citizens

01 February 2018 at 13:49

With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, announced significant incentives for senior citizens.

Posted in Others | 5046 Views

LTCG on equity introduced at 10%

01 February 2018 at 13:44

Rationalisation of long term capital gains proposedRevenue gain of about Rs.20,000 crores expected in the first yearThe Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh

Posted in Others | 4845 Views

E-assessment to be rolled out across the country

01 February 2018 at 13:32

E-assessment to be rolled-out across the country to transform age-old assessment procedureIn the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to amend the Incom

Posted in Others | 1 comments | 3900 Views

Inflation lowest in the last six year : Economic Survey

29 January 2018 at 14:19

Inflation in the country continued to moderate during 2017-18. Consumer Price Index(CPI) based headline inflation averaged 3.3 percent during the period which is the lowest in the last six financial years.

Posted in Others | 3051 Views

Demonetisation has helped share of financial saving rise says economic survey

29 January 2018 at 13:30

The highlights of the Investment and Savings situation as brought out by Economic Survey 2017-18 tabled in Parliament today are as follows:- India�s unprecedented climb to historic high levels of investment and saving rates in the mid-2000s has

Posted in Others | 1659 Views