Actual revenue receipts fell short of the RE by Rs 1.86 lakh crore (9.35 percent). As a result of this shortfall, despite compression of revenue expenditure as compared to the RE by Rs 1.42 lakh crore (5.94 percent), the actual revenue deficit was higher than anticipated by Rs 43,440 crore, CAG has found
In this edition of Big Story, Moneycontrol's Sakshi Batra explains why the COVID-19 pandemic might lead FM Sitharaman to take a second look at Budget 2020.
Almost every component in the annual accounting exercise, and every element of assumption and projection now requires a second look
Chief Minister Arvind Kejriwal said the presentation of the budget in the Delhi Assembly was necessary as the government would not be able to spend money from April 1 without its passage
Since the bifurcation (October 31), as many as 45 lakh beneficiaries have got Rs 1,705 crore disbursed through direct benefit transfers to their accounts directly during this financial year, Finance Minister Nirmala Sitharaman said in reply to the debate on Budget for Jammu and Kashmir and Ladakh.
The Budget Session started on January 31 and then it went on recess on February 11. It resumed on March 2 and will conclude on April 3.
Investors must understand as to how the change works before committing to any tax regime
Opting for the scheme will automatically lead to dropping of all penalty proceedings
Some persons, particularly HNIs, manage their stay in various countries in such a way that they do not become residents of any country for tax purposes
It is important to note that senior citizens will not get a higher exemption limit under the new regime
The BMC’s finances took a major hit with the GST replacing the octroi. This hole in its revenue is now filled by the Maharashtra government, increasingly making Mumbai and its growth dependent on the equation the state government shares with the party running the municipal corporation.
Budget 2020 has made dividends taxable in the hands of investors at their slab rate.
New initiatives will go a long way in making the new-age Indian startup entrepreneur a lot more confident.
The budget fell short in providing impactful stimulus to kick-start the economy
TDS is akin to a national service with an altruistic spirit.
According to Nobel Laureate Richard Thaler, people are unable to make the right choice and one should actually nudge them to a default choice which makes it easier for the consumer
This year’s Budget did not enthuse corporates and investors as much as the finance minister would have liked
The Budget falls short of reviving growth and boosting sentiment
To attract foreign investment in infrastructure and other notified sectors, sovereign wealth funds will get 100 per cent exemption on interest, dividends and capital gains
The most charitable interpretation of the Budget is it has lost an opportunity to invigorate the economy.
A taxpayer will have to weigh his options to analyse the actual benefit before opting for the structure where his tax is lower
Assuming that the government does achieve its budgeted disinvestment target, it is important to see how the proceeds are put to use.
The ‘simpler’ tax regime comes with embedded complications, triggering confusion rather than a sense of relief
The underlying theme in the Budget is aligned with the government’s leitmotif – ‘Make in India’.
Worldwide tax proposed on Indians not paying tax in any other country