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 17:49 | Source: PTI
The government recently introduced a new series of national accounts with 2011-12 as the new base year and also began giving growth rate figures in terms of GVA as per the international practice. The GDP includes GVA plus taxes on products, including import duty and excluding subsides on the products.
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 03, 2015 at 18:32 | Source: Moneycontrol.com
FM proposed to reduce the rate from 30% to 25% over next 4 years. However, for next year (i.e. FY 2015-16) no change in the rate is done.
Mar 03, 2015 at 17:16 | Source: PTI
On retrospective amendment, the Finance Secretary said,"If we look at General Anti Avoidance Rules (GAAR) also there was an element of retrospectivity in GAAR, it was supposed to be applicable on all transactions after 2010, now the Finance Minister has announced it will be applicable on transactions on or after April 1, 2017.
Mar 03, 2015 at 15:23 | 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 02, 2015 at 18:43 | Source: PTI
Explaining the benefits, a global senior tax consultant Aditya Hans said, "the basic rate of taxing income of non-residents in the nature of royalty and FTS from 25 percent to 10 percent on a gross basis will encourage foreign companies to go in for technology transfer to India.
Mar 02, 2015 at 12:41 | Source: Moneycontrol.com
Kotak Securities has come out with its analysis on Union Budget FY2015-16. The research firm expects the RBI to cut interest rates by 50-75bps over FY16. "Markets will stay buoyant, if execution matches intent", says the report.
Mar 02, 2015 at 10:34 | Source: Moneycontrol.com
Though personal tax rates remain unchanged, finance minister opted to offer inflation adjusted tax benefits. He also enhanced tax benefits related to healthcare and for senior citizens.
Mar 01, 2015 at 15:56 | Source: PTI
"The measures in the Budget doesn't change our view on India' s sovereign credit profile," Moody's Sovereign Ratings Analyst Atsi Sheth told Media.