![]() | Rajya Sabha returns Finance Bill 2023 to Lok Sabha without discussion, adjourned for the dayThe House first returned the Jammu and Kashmir Budget and later the appropriation bills and the Finance Bill-2023. |
![]() | Finance Bill 2023: Govt caps maximum GST cess rate on pan masala, tobaccoThe capping of the cess rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday. |
![]() | FM Nirmala Sitharaman reviews PSBs performance amid stress in US banking systemShe urged the banks to remain vigilant about the interest rate risks and regularly undertake stress tests. |
![]() | Finance Bill passed with 45 amendments without any discussion“An arbitrage is being created right now where interest income from debt mutual funds is not distributed and converted into long-term capital gains of 20% (with indexation). |
![]() | Finance Bill 2023: Tax on royalty, technical fees to non-resident firms hikedThe government has hiked the tax on royalty and fees from technical services earned by non-resident companies from 10% to 20%. |
![]() | Finance Bill 2023: Tax on futures and options trading to increase by 25 per centRealising mistake, finance ministry later in the day admitted that there was a typographical error and clarified that STT on selling options has been raised to 0.062% from 0.05%. |
![]() | Govt hikes tax on royalty, technical fees to non-residents"This increase in rate will lead to a higher tax rate of withholding tax obligations on payments to be made to non-residents," said Saurrav Sood, Practice Leader, International Taxation at SW India. |
![]() | Finance Bill 2023: No respite for startups from Angel TaxWith the new amendment, if start-ups raise funding from non-resident investors, it will be considered as income and taxable. |
![]() | Finance Bill 2023: Govt hikes tax on futures and options trading by up to 25%The government expects to collect Rs 27,625 crore from the securities transaction tax (STT) in FY24, which is 10.5 per cent higher than the revised budget estimate of the preceding financial year. |
![]() | Finance Bill 2023: Debt mutual funds to lose tax advantage, bank FDs may gain"Ultra-high net worth and high net worth individuals may choose to invest in safe havens like bank fixed deposits," said Manish P Hingar, founder of Fintoo. |
![]() | Parliament Budget Session: Finance Bill 2023 passed in Lok SabhaThe income from the debt mutual fund will be taxed at the applicable rate since it is of the nature of interest income. |
![]() | Rs 1 lakh crore cess, surcharge may go unspent in FY23Surcharges and cesses are collected for specific purposes, and the amount thus collected is transferred to respective reserve funds created for the intended purposes. |
![]() | Tamil Nadu revenue deficit down by Rs 3,000 crore, says Finance MinisterFall in tax revenue in the previous years was the main reason for the fiscal stress faced by the government at the time of assuming office, Finance Minister Palanivel Thiaga Rajan said. |
![]() | Government invites applications for RBI Deputy Governor postThe applicant should have an experience of 15 years in banking and financial market operations, said a public notice. |
![]() | Margadarsi Finances diverted money to mutual funds: Undavalli Arun KumarSpeaking to reporters in Rajamahendravaram on Tuesday, Undavalli said the amount secured through chits has to be deposited with the bank under Section 4 (2) of AP Chit Fund Act. |
![]() | IT ministry to take up SVB linked startups woes with FinMin; pitches for Indian banksThe Minister of State for Electronics and IT during interactions with startups asked them to engage with the Indian banking system and assured them of resolving teething issues they may face. |
![]() | EXPRESS DIALOGUES | Odisha is India’s best state in fiscal management: Finance MinisterOdisha’s fiscal turnaround is a striking story. From a time when RBI had barred Odisha government from availing overdraft for 200 days, the state has come to a stage of surplus budget. |
![]() | Power Finance Corporation report puts Odisha AT&C loss at 29.32 per centHowever, the 2020-21 Power Finance Corporation (PFC) report on performance of power utilities of states said that the AT&C loss of Odisha was 29.32 per cent the same financial year. |
![]() | India always took lead in bringing emerging market perspective to global forumsAccording to Ajay Seth, many parts of the globe are using digital identities, making digital payments, using digital utilities for essential services. |
![]() | FY'23 fiscal deficit: Finance Ministry monitoring daily receipts, expenses in MarchAlthough the government is expected to meet the revised tax revenue estimates, meeting the Rs 50,000 crore target from disinvestment receipts could be a challenge. |
Latest
IIT Bombay student's death: Darshan's father alleges harassment by cops in FIR registration
Spouses of H-1B visa holders can work in US, says judge
26/11 Mumbai terror attacks accused Rana moves US court for status conference
IPL 2023: Vice-captaincy is a reward for my hardwork, says DC's Axar Patel
India records 3,016 new COVID-19 cases, highest in nearly six months
Bombay HC quashes scribe's 2019 complaint against Salman Khan alleging misbehaviour