Union budget

Centre's faceless e-assessment promising, but the procedures still need clarity

As announced in the Union Budget 2019, the Central government has notified the e-assessment scheme for income-tax returns last week.

published on : 23rd September 2019

Income tax department to get special powers to recover tax dues from defaulters overseas

I-T department can now request foreign countries to recover tax from all defaulters, on behalf of India, under Indian income-tax laws. There was a big constraint earlier...

published on : 22nd July 2019

No relief for Foreign Portfolio Investors unless they turn corporates

Foreign Portfolio Investors (FPI) can register themselves as companies to avoid the super-rich tax surcharge imposed in this year’s budget.

published on : 19th July 2019

Cash withdrawal from multiple accounts to be aggregated for levying 2 per cent TDS

The Finance Bill amendment replaced "an account" to "one or more accounts".

published on : 18th July 2019

2019 Union Budget: Government seeks to allay fears on surcharge on super rich with budget

The Finance Bill has raised the surcharge on the super rich the top-end of the income brackets -- for incomes between Rs 2 crore and Rs 5 crore.

published on : 18th July 2019

Budget proposals like higher FDI and public shareholding can fetch USD 25 billion: Morgan Stanley

The move to increase the minimum statutory limit for FPI investment in a company from 24 percent to sectoral foreign investment cap will alone increase the weight of the country in the EM index.

published on : 17th July 2019

‘Only developers who are lean and mean will survive’, says President of National Real Estate Development Council

In the midst of an extended slowdown, the country’s real estate sector has been having a hard time over the past few years.

published on : 16th July 2019

Avoiding India's super-rich tax won't be easy for foreigners

The government has maintained that it is not specifically targeting overseas investors and that the increase in surcharge applies to individuals and entities.

published on : 14th July 2019

Government chooses to favour infant firms over dwarfs in Budget proposals

The fact that the tax sleuth will have to take approval of a supervisor before initiating scrutiny will reduce instances of harassment of startups and venture capitalists in the name of Angel tax.

published on : 13th July 2019

Budget backed with plan, estimates realistic: Nirmala Sitharaman in Rajya Sabha

The Finance Minister said that said adequate provisions for expenditure particularly for defence, pension and salary and internal security have been provided.

published on : 12th July 2019

Kerala MP asks FM to withdraw ‘highest ever’ customs duty imposed on news papers

Speaking during discussion on the Budget, Kumar said that small and medium newspapers will go into deeper losses and many of them will be forced to close down.

published on : 12th July 2019

No disparity in GDP estimates: Finance Minister Nirmala Sitharaman clarifies Budget data

While the Economic Survey, released a day before the Union Budget, had pegged the nominal GDP growth at 12 per cent while the budget projected it at 11 per cent.

published on : 11th July 2019

Committed to fiscal consolidation without compromising on expenditure: Finance Minister Nirmala Sitharaman

Sitharaman said several steps including enhancing investments in infrastructure, liberalisation in the foreign direct investment policy and lowering of corporate tax are being taken.

published on : 10th July 2019

Sorry, Modiji, tax breaks alone won't make India an investment hub

Attracting foreign investment is key to Prime Minister Narendra Modi’s flagship Make-in-India programme, which is aimed at creating jobs and reducing unemployment.

published on : 10th July 2019

Budget outlines reforms to support economy but lacks plan for fiscal consolidation: Fitch Ratings

The agency said that the budget indicates that the BJP will continue its economic reform efforts in its second term and avoid the fiscal loosening.

published on : 10th July 2019
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