July 25, 2014 23:29 (IST)
The government will shortly take a call on the controversial tax proposal General Anti-Avoidance Agreement, which was deferred till April 2015 by the UPA regime, Finance Ministry Arun Jaitley said on Friday.
July 25, 2014 23:13 (IST)
Asserting that the new dispensation is not a high-tax government, Finance Minister Arun Jaitley on Friday said lower taxes and duties were aimed at improving savings for investment and making manufacturing competitive to revive growth.
July 23, 2014 23:12 (IST)
The Finance Ministry is examining to tweak the Budget proposal for hiking capital gains tax to 20 per cent for debt mutual funds following representation from the industry, Economic Affairs Secretary Arvind Mayaram said on Wednesday.
July 22, 2014 16:46 (IST)
Terming the Budget announcement on giving pass through status to real estate investment trusts (REITs) as a "good beginning", HDFC chairman Deepak Parekh has urged the Finance Ministry to come up with more clarification on taxation front for it to be successful.
July 21, 2014 21:24 (IST)
The finance bill, whose passage signals the end of the Budgetary exercise, is coming up for discussion in the Lok Sabha on July 24 and 25, Minister of State for Parliamentary Affairs Prakash Javadekar told reporters.
New Delhi | July 21, 2014 12:32 (IST)
"Revenue collection targets fixed for 2014-15 will not only be achieved but also surpassed," Finance Minister Arun Jaitley said.
July 20, 2014 13:33 (IST)
The Finance Ministry is contemplating to tweak the Budget proposal for hiking capital gains tax to 20 per cent for debt mutual fund investors from prospective effect instead of April 1, 2014, according to a source.
July 20, 2014 12:02 (IST)
The top brass of Income Tax Department and Central Board of Direct Taxes (CBDT) will strategise steps for revenue collection post-Budget announcements during a two-day conference beginning in Delhi on Monday.
July 19, 2014 11:56 (IST)
You can soon own some office space even with a small sum just like the owning a share gives you a small bite of the company.
July 18, 2014 16:29 (IST)
The government on Friday blamed the "policy paralysis" and retro tax amendment of the previous UPA regime for the current economic woes and promised to take a series of steps besides the Budgetary provisions for sustainable growth amid indications of some recovery.
New Delhi | July 18, 2014 15:00 (IST)
India's economic growth is expected to improve in the ongoing fiscal year (2014-15) from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and external economic situation, Parliament was informed on Friday.
July 18, 2014 14:57 (IST)
Finance Minister Arun Jaitley is responding to the budget discussion in the Lok Sabha.
July 18, 2014 13:00 (IST)
Finance Minister Arun Jaitley on Friday said the government will not levy any tax with retrospective effect that creates additional burden and existing anomalies in this regard would be corrected.
New Delhi | July 17, 2014 16:05 (IST)
According to D&B, the WPI inflation and CPI inflation is likely to remain in the range of 5.2 per cent-5.4 per cent and 7.4 per cent-7.6 per cent, respectively for this month.
July 17, 2014 15:54 (IST)
The government will kick off its big-bang disinvestment drive with 5 per cent stake sale in SAIL in September, followed by ONGC and power sector PSUs like REC, PFC and NHPC.
New Delhi | July 17, 2014 15:49 (IST)
The government has budgeted Rs 6,24,902 crore from indirect tax collection in 2014-15, which is around 25 per cent higher than the indirect tax mop-up (revised estimates) last fiscal.
July 16, 2014 20:49 (IST)
EMIs on home loans are expected to come down by 8-10 per cent following the recent move by Reserve Bank of India to ease norms for banks to raise long-term funds for financing affordable housing projects, consultancy KPMG said on Wednesday.
July 16, 2014 18:04 (IST)
The Reserve Bank has also changed the definition of affordable housing to factor in rising property prices and inflation. In the six metros, property valued up to Rs 65 lakh will qualify for housing loans up to Rs 50 lakh under priority sector lending, while in other cities, property valued at up to Rs 50 lakh will be eligible for housing loans up to Rs 40 lakh under priority sector lending, the central bank said.
July 16, 2014 15:46 (IST)
As per the current income-tax rules, long-term capital gains on sale of a property held for three years, attracts 20 per cent tax. Exemptions are granted under certain conditions. These the proposed changes to the income tax laws.
New Delhi | July 16, 2014 14:59 (IST)
Noting that it would not be possible to increase coal production significantly within a year, the rating agency said inadequate domestic production and infrastructure bottlenecks continue to act as constraints for ensuring adequate supplies to power plants.