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Aug 13, 2020-Thursday

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Thursday, Aug 13, 2020
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Tax relief

The revenue impacts of corporate tax reforms and personal income tax concessions were ₹1,45,000 crore and ₹23,200 crore, respectively.
Gross Direct Tax collection grew 8% in FY20, says CBDT
Jun 08, 2020 05:25
The revenue impacts of corporate tax reforms and personal income tax concessions were ₹1,45,000 crore and ₹23,200 crore, respectively. read more
Operators have reported an 80% loss in earnings as people are avoiding non-essential travel as a precautionary measure
Covid-19 outbreak: Buses sanitised at Ludhiana bus terminal
Mar 19, 2020 20:01
Operators have reported an 80% loss in earnings as people are avoiding non-essential travel as a precautionary measure read more
Covid-19 will hurt incomes across the board. Be proactive
Covid-19: Draw up a new economic plan | HT Editorial
Mar 18, 2020 18:41
Covid-19 will hurt incomes across the board. Be proactive read more
Taxmen have been told that the corporate tax relief worth Rs 1.45 lakh crore should not be taken as an excuse for lesser direct tax collection target.
Ensure GST collection is Rs 1.1 lakh crore every month, government tells officials
Dec 17, 2019 16:21
Taxmen have been told that the corporate tax relief worth Rs 1.45 lakh crore should not be taken as an excuse for lesser direct tax collection target. read more
The Centre is also considering giving some relief to other sectors, especially in the unorganized segment, but a tight fiscal position may not allow it to go for a liberal rate cut across industries, the officials said.
GST rate cut likely for small cars, part makers
Sep 06, 2019 23:40
The Centre is also considering giving some relief to other sectors, especially in the unorganized segment, but a tight fiscal position may not allow it to go for a liberal rate cut across industries, the officials said. 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.
Major relief likely for taxpayers between Rs 5 lakh and Rs 10 lakh as panel proposes new slabs
Aug 29, 2019 05:25
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
The draft code also proposes incentives to startups and a new concept of settling disputes through mediation between the taxpayer and a collegiums of officers, said a person familiar with the contents of the report submitted to finance minister Nirmala...
Govt panel recommends relief for middle class, cut in corporate tax
Aug 20, 2019 08:01
The draft code also proposes incentives to startups and a new concept of settling disputes through mediation between the taxpayer and a collegiums of officers, said a person familiar with the contents of the report submitted to finance minister Nirmala... read more
M&M, Bajaj Finance, Tata Motors, Hero MotoCorp, IndusInd Bank, Yes Bank, Bajaj Auto, Kotak Bank, SBI and ICICI Bank were among the top losers, dropping up to 4.36 per cent.
Sensex drops 560 points; bank, auto stocks bleed
Jul 19, 2019 17:31
M&M, Bajaj Finance, Tata Motors, Hero MotoCorp, IndusInd Bank, Yes Bank, Bajaj Auto, Kotak Bank, SBI and ICICI Bank were among the top losers, dropping up to 4.36 per cent. read more
Union budget 2019 highlights: The Budget 2019 speech began at 11:00 am on Friday with finance minister Nirmala Sitharaman addressing the Lok Sabha. Follow live updates here
Union budget 2019 highlights- Budget 2019 insipid, prepared without listening to voices of ordinary: Chidambaram
Jul 05, 2019 08:12
Union budget 2019 highlights: The Budget 2019 speech began at 11:00 am on Friday with finance minister Nirmala Sitharaman addressing the Lok Sabha. Follow live updates here read more
The Budget to be presented on Friday is expected to boost spending at the cost of short-term slippage in fiscal deficit targets as she lays down the Modi 2.0 government’s road map for the economy and the nation in the next five years.
Tax cuts, social sector push likely in Modi govt’s budget today
Jul 05, 2019 05:54
The Budget to be presented on Friday is expected to boost spending at the cost of short-term slippage in fiscal deficit targets as she lays down the Modi 2.0 government’s road map for the economy and the nation in the next five years. read more
In a recent letter to the home ministry, the finance ministry conveyed that the longstanding demand of forces would be examined during the ensuring budgetary exercise.
Government likely to give tax relief to paramilitary forces
Apr 04, 2019 08:08
In a recent letter to the home ministry, the finance ministry conveyed that the longstanding demand of forces would be examined during the ensuring budgetary exercise. read more
The government has announced tax relief and a direct income scheme for farmers in its recent interim budget. Finance minister Piyush Goyal speaks to HT about the government’s philosophy behind the announcements and how it has prioritised reforms over...
Cash for farmers is an honorarium, says Piyush Goyal
Feb 05, 2019 07:14
The government has announced tax relief and a direct income scheme for farmers in its recent interim budget. Finance minister Piyush Goyal speaks to HT about the government’s philosophy behind the announcements and how it has prioritised reforms over... read more
The beneficiaries of this move could include people with annual income of around \u20B910 lakh. This is because various tax saving instruments can be used to reduce taxable income for a given level of income.
Budget 2019: Salaried section gains most from income tax plan
Feb 02, 2019 08:07
The beneficiaries of this move could include people with annual income of around \u20B910 lakh. This is because various tax saving instruments can be used to reduce taxable income for a given level of income. read more
Budget 2019: Experts are divided on whether the government will stick to the norm of presenting an interim budget in an elelction year or will they make big ticket announcements
Budget 2019: How your taxes and investments could be affected by the budget
Feb 01, 2019 09:40
Budget 2019: Experts are divided on whether the government will stick to the norm of presenting an interim budget in an elelction year or will they make big ticket announcements read more
An upcoming international zoo at Haldwani’s Golapar area was registered under the societies registration act to allow it to receive fund from donors, who will get income tax exemption, a forest official said on Friday.
Proposed zoo in Haldwani put under societies act to give tax relief to donors
Apr 06, 2018 21:15
An upcoming international zoo at Haldwani’s Golapar area was registered under the societies registration act to allow it to receive fund from donors, who will get income tax exemption, a forest official said on Friday. read more

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