Community & General News
Corporate tax reduced to 25% : Govt foregos 7000 crore revenue
01 February 2018 at 13:5599% 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
Standard Deduction of Rs 40,000 allowed to Salaried Taxpayers
01 February 2018 at 13:53Relief 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
Exemption of interest income on deposits increased to Rs 50,000 for senior citizens
01 February 2018 at 13:49With 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.
LTCG on equity introduced at 10%
01 February 2018 at 13:44Rationalisation 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
E-assessment to be rolled out across the country
01 February 2018 at 13:32E-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
Inflation lowest in the last six year : Economic Survey
29 January 2018 at 14:19Inflation 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.
Demonetisation has helped share of financial saving rise says economic survey
29 January 2018 at 13:30The 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
FM releases Economic survey 2018 in parliament
29 January 2018 at 13:21Finance Minister Present Economic Survey 2017-18 in Parliament
Rs 88139 crore capital infusion in PSU Banks
25 January 2018 at 11:13The Government of India announces details of Bank recap and Comprehensive Reform PlanThe Government of India today unveiled details of the re-capitalisation of Public Sector Banks (PSBs) announced in October, 2017. The capital infusion plan for 2017
Tax Return Preparer (Amendment) Scheme, 2018
23 January 2018 at 11:29MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 19th January, 2018G.S.R. 44(E).�In exercise of the powers conferred by sub-section (1) of Section 139B of the Income-tax Act, 1961 (43 of 1961),
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