Mar 05, 2015 at 18:30 | Source: PTI
India opened up its economy to the private sector in 1991. The 14th Finance Commission has recommended higher share to the states in central taxes. It suggested to increase shares of states to 42 percent from current 32 percent.
Mar 05, 2015 at 17:51 | Source: Moneycontrol.com
Union budget has proposed to deduct tax at source on interest in excess of Rs 10000 earned on fixed deposits across branches of bank
Mar 05, 2015 at 17:33 | Source: Moneycontrol.com
Under section 80 D for paying medical insurance premium earlier the deduction allowed was Rs. 15000 which has now been increased to Rs. 25000, which means by additional saving of Rs. 10000, the tax saving will be Rs. 3000 who are in 30% tax bracket and Rs. 1000 for those who are in 10% tax bracket.
Mar 05, 2015 at 17:26 | Source: PTI
GST is expected to play a transformative role in the way economy functions and it will add buoyancy to growth by developing a common Indian market and reducing cascading effect on the cost of goods and services.
Mar 05, 2015 at 16:35 | Source: PTI
Elaborating further, he said increase in service tax from the next financial year, the restoration of normal tax rates on automobile sector and increase in excise duty of petrol and diesel from November last year would help the government in garnering more revenue.
Mar 05, 2015 at 15:42 | Source: PTI
During the April-February period of the last fiscal, the government had collected Rs 5.53 lakh crore under this head.
Mar 05, 2015 at 12:00 | Source: SME Mentor
To help our SMEs and exporter community read the fine print of the Budget, we recently conducted a live chat with Mr. Ajay Sahai, Director General & CEO, Federation of Indian Export Organizations (FIEO).
Mar 04, 2015 at 22:00 | Source: CNBC-TV18
Keeping this is mind a new revenue-neutral rate (RNR) is being worked out by the National Institute of Financial Policy.
Mar 04, 2015 at 15:40 | Source: CNBC-TV18
The central sales tax will be subsumed into GST plus the original states rather than manufacturing states will also have the right to levy one percent additional tax in the initial two years.
Mar 04, 2015 at 10:01 | Source: Moneycontrol.com
Equity Mutual Funds ended positive as the market gained positive momentum for the second consecutive session on Tuesday, especially post Union Budget led by Reliance Industries, TCS and HDFC.