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    • Budget Should Focus on Ease of Doing Business in India: IMC

      Budget Should Focus on Ease of Doing Business in India: IMC

      In its pre-budget memorandum to the Finance Ministry, the chamber said that the rate of taxation on royalty and fees for technical services should be rolled back to 10 per cent (on a gross basis).

    • Government to Take Final View on GAAR Shortly: Arun Jaitley

      Government to Take Final View on GAAR Shortly: Arun Jaitley

      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.

    • Ours Is Not a High-tax Government: Arun Jaitley

      Ours Is Not a High-tax Government: Arun Jaitley

      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.

    • Finance Ministry Examining Budget Proposal to Double Tax on Debt Mutual Funds

      Finance Ministry Examining Budget Proposal to Double Tax on Debt Mutual Funds

      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.

    • Need More Clarity on Taxation of REITs: HDFC Chief

      Need More Clarity on Taxation of REITs: HDFC Chief

      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.

    • Finance Bill Expected to be Passed by Parliament on July 28

      Finance Bill Expected to be Passed by Parliament on July 28

      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.

    • Revenue Collection Expected to Exceed Target This Fiscal: Finance Minister

      Revenue Collection Expected to Exceed Target This Fiscal: Finance Minister

      "Revenue collection targets fixed for 2014-15 will not only be achieved but also surpassed," Finance Minister Arun Jaitley said.

    • Finance Ministry May Tweak Proposal to Double Tax on Debt Mutual Funds: Report

      Finance Ministry May Tweak Proposal to Double Tax on Debt Mutual Funds: Report

      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.

    • Taxmen to Finalise Collection Roadmap During Two-day Meet: Report

      Taxmen to Finalise Collection Roadmap During Two-day Meet: Report

      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.

    • REITs: A New Alternative for Real Estate Investors

      REITs: A New Alternative for Real Estate Investors

      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.

    • More Steps to be Taken to Sustain Economic Recovery: Jaitley

      More Steps to be Taken to Sustain Economic Recovery: Jaitley

      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.

    • GDP Growth to Improve This Fiscal Year: Jaitley

      GDP Growth to Improve This Fiscal Year: Jaitley

      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.

    • No Contradiction in Being Pro-Growth and Pro-Poor: Arun Jaitley

      No Contradiction in Being Pro-Growth and Pro-Poor: Arun Jaitley

      Finance Minister Arun Jaitley is responding to the budget discussion in the Lok Sabha.

    • Won't Resort to Burden of Retrospective Tax: Arun Jaitley

      Won't Resort to Burden of Retrospective Tax: Arun Jaitley

      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.

    • Deficient Monsoon May 'Cast a Cloud' on Inflation Outlook: Dun & Bradstreet

      Deficient Monsoon May 'Cast a Cloud' on Inflation Outlook: Dun & Bradstreet

      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.

    • PSU Stake Sale Likely to Kick Off in September

      PSU Stake Sale Likely to Kick Off in September

      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.

    • Budget 2014: Indirect Tax Target a Big Challenge, Says Official

      Budget 2014: Indirect Tax Target a Big Challenge, Says Official

      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.

    • Home Loan EMIs May Fall by 8 Per Cent: KPMG

      Home Loan EMIs May Fall by 8 Per Cent: KPMG

      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.

    • Home Loan EMIs Set to Come Down as RBI Eases Lending Norms

      Home Loan EMIs Set to Come Down as RBI Eases Lending Norms

      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.

    • Selling a House? Tax Changes You Need to Know

      Selling a House? Tax Changes You Need to Know

      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.

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