Finance minister P Chidambaram on Thursday proposed a tax cut of Rs.2,000 for people earning an annual income of between Rs.200,000 and Rs.500,000 and said anything beyond that was not possible given the current circumstances.
Around noon today, you could get some good news from finance minister P Chidambaram, who is expected to raise the income tax exemption limit from the current level of Rs.
2 lakh. Gaurav Choudhury
Sparing rail passengers from fare hike, the Railway Budget today slapped an across-the board 5.8% increase in freight rates and raised reservation and related charges to net in additional Rs.
4,683 crore a year.
The government is likely to clamp down heavily on tax defaulters through a string of measures that is likely to be announced in this year's budget, as tax authorities step on the pedal to collect unpaid revenues. HT
If you have recently decked up your bathroom with fancy fittings or picked up a swanky plasma-screen television set, then taxmen could be profiling you, part of a new directive to scoop “information on everything about a taxpayer”. Gaurav Choudhury reports.
With the Budget 2013 round the corner, markets are once again speculating (similar to last year) that the government is considering changes in the rate of Securities Transaction Tax (STT). Anil Talreja
Finance minister is likely to invoke stringent penal action against tax theft, concealment of incomes, black money. Debobrat Ghose
Finance minister P Chidambaram today said that the argument for taxing the very rich "a little more" should be considered, fuelling speculations about steps he may take in the budget to boost tax inflows and narrow a widening fiscal gap. POLL: Should India's rich pay more taxes?
Battling slowdown and high inflation, finance minister P Chidambaram is likely to raise the income tax exemption limit from Rs. 2 lakh to about Rs. 2.5 lakh in Budget 2013-14. Mahua Venkatesh & Anupama Airy reports.
Finance minister P Chidambaram will try to strike a balance between fiscal management and populism in his budget, to be unveiled in Parliament later this month. Chetan Chauhan reports.
The government is set to provide a fillip to the affordable housing segment in the coming budget to address a growing middle class hunger for homes, reports.Mahua Venkatesh