Others News

Budget 2018 puts a premium on honest investment

14 February 2018 at 10:54

Union Minister of Railways Mr. Piyush Goyal today said that Budget 2018-19 proposals were aimed at removing the structural impediments to attain long term growth, a budget that rises above populism and puts a premium on honest investment towards buil

Posted in Others | 2799 Views

Premature closure of PPF may be allowed by Govt

14 February 2018 at 10:54

Government of India makes Amendments in Small Savings Act; Proposes merger of Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873; All existing protections have been retained while

Posted in Others | 3741 Views

Direct Tax collection shows growth of 19.3 percent upto January

10 February 2018 at 13:55

The provisional figures of Direct Tax collections up to January, 2018 show that net collections are at Rs.6.95 lakh crore which is 19.3% higher than the net collections for the corresponding period of last year. The net Direct Tax collections represe

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FAQ regarding taxation on LTCG released by CBDT

05 February 2018 at 12:23

21 FAQs on taxation of long-term capital gains proposed in Finance Bill, 2018

Posted in Others | 5 comments | 6276 Views

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

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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 | 13968 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

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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 | 4152 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 | 9834 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 | 5049 Views