Bhupesh Baghel, while speaking at an event organised by Chhattisgarh Chamber of Commerce and Industry in capital Raipur, said that a new policy in this regard will be formulated in next two months. read more

To be sure, this is still just a suggestion and it is not clear whether the government, which is very focused on increasing its tax revenue, will accept it. read more

Senior officials, however, said this would mean a loss of R120 crore for the civic body. While EDMC is paying salaries to its employees on time, a sum of Rs 1,500 crore is pending in arrears. read more

“Earlier, banks did not deduct tax at source for total income not exceeding Rs 4.5 lakh; that included Rs 3 lakh under tax-exempt category and Rs 1.5 lakh tax benefit under [section] 80C,” the first official said. read more

By creating a robust fiscal architecture, arresting inflation, and improving ease of business, it has ensured growth read more

The Union minister also said, “The budget gives a better future to every section of society – the poor, middle class, the farmers, organised labour, and unorganised labour.” read more

Individuals earning Rs 8-9 lakh annually would not have to pay any income tax if they make proper investments in tax saving instruments like provident fund, life insurance, pension scheme and home loan, Revenue secretary Ajay Bhushan Pandey said Sat... read more

Union minister Arun Jaitley, one of the architects of the interim budget, along with Prime Minister Narendra Modi and finance minister Piyush Goyal, spoke to HT over the phone from New York on the key proposals. read more

While these sops will put some extra money in the hands of the two classes of consumers and boost demand for items of daily use and low-cost staples, they are not expected to lift purchases of more expensive items, executives at other consumer goods... read more

CBDT Chairman Sushil Chandra said people having taxable income of Rs 6.5 lakh per annum too can avail “tax rebate” provided they invest Rs 1.5 lakh in specified investments such as PPF, General Provident Fund (GPF) and insurances. read more

Budget 2019 highlights: Finance minister Piyush Goyal has proposed full tax rebate for individual tax payers having annual income up to Rs 5 lakh in Budget 2019. read more

Numerous seminars and workshops have been held in the city to promote (RWH) and also avail of the 5% water tax rebate offered by the Pune Municipal Corporation (PMC) as incentive. However, the response has remained lukewarm. read more

The nature of evasion includes non-payment of tax, wrongful claim of tax rebates and failure to remit to the government taxes collected from customers. read more