Business news: Deloitte India Partner Sumit Singhania said a nearly 20 per cent year-on-year growth in Tax revenues underlines the continued momentum of tax policy reforms carried out around the year and not necessarily as a part of the annual budgetary exercise.
Reflecting buoyancy in economy and the impact of anti-tax evasion measures, direct tax collection rose by a record 49 per cent to Rs 14.10 lakh crore, while indirect taxes posted a growth of 20 per cent to Rs 12.90 lakh crore.
Presenting the Union Budget 2018-19, the finance minister however proposed a marginal releif to tax payers by introducing new standard deduction of Rs 40,000 cr for salaried taxpayers.
New Delhi: Attributing the present economic woes to a “decade of jobless growth”, Finance Minister Arun Jaitley today underlined the need to contain price rise and hasten economic reforms to boost low-cost manufacturing. “Reviving the
New Delhi, July 16: Finance Minister P. Chidambaram has said official amendments to the Direct Taxes Code (DTC) bill, which seeks to overhaul the over 50-year old income tax law, will be introduced towards the
New Delhi, Sep 17 : Indicating unleashing of more measures to boost economy, Finance Minister P. Chidambaram on Monday ruled out rolling back decisions on diesel, LPG and FDI in retail and expressed confidence that
New Delhi: In a move that could leave more money in the hands of tax payers, the government on Thursday proposed to raise the income tax exemption limit from the present Rs 1.6 lakh to
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