Budget black money proposal: It's not amnesty scheme, Jaitley on Rahul's Fair and Lovely jibe
Countering Opposition's criticism over the compliance window to get black money from abroad, Finance Minister Arun Jaitley on Tuesday said his government`s new black or untaxed money scheme announced in the Budget last week is not an amnesty scheme as it has a penalty.
Mar 08, 2016, 20:02 PM IST
'EPF tax withdrawal big victory for 2.5 lakh people'
Jaitley had in his Budget 2016-17 proposed to tax withdrawal of 60 percent of accumulations in the Employee Provident Fund after April 1, 2016.
Mar 08, 2016, 15:10 PM IST
Big victory for salaried class! Controversial Budget proposal to tax EPF withdrawal rolled back
Jaitley also announced withdrawal of imposing monetary limit for contribution of employers to provident and superannuation fund of Rs 1.5 lakh for taking tax benefit.
Mar 08, 2016, 14:41 PM IST
EPF Tax: Will FM Arun Jaitley announce rollback of Budgetary proposal today?
The Finance Ministry will reveal final details on the the controversial budget proposal to tax EPF withdrawals during debate on Budget.
Mar 08, 2016, 09:49 AM IST
Industry hails proposal for tax benefit on NPS scheme
Even as the pension fund industry waits eagerly for any possible changes on tax benefits on pension investment in the Budget proposals, the industry has hailed the existing proposal to provide tax benefit on 40 per cent of withdrawal amount at the maturity of any NPS scheme
Mar 07, 2016, 20:06 PM IST
CBDT sets up dedicated structure for delivery, monitoring of tax payer services
Grievance redressal is a major aspect of citizen centric governance and is an important feature of the activities of the Income Tax Department
Mar 07, 2016, 17:38 PM IST
Seventh pay commission allocated Rs 70,000 crore in Budget 2016
As much as Rs 70,000 crore has been provisioned in the Union Budget 2016-17 for implementation of Seventh Pay Commission for government employees, a top finance ministry official said.
Mar 07, 2016, 16:20 PM IST
Gems & Jewellery exports dip 14.5% during Apr-Jan
Gems and Jewellery exports declined by 14.5 percent to USD 25.95 billion during the first ten months of the current fiscal due to slowdown in global demand
Mar 07, 2016, 14:47 PM IST
Govt mulling to check misuse of black money amnesty window
Anticipating that tax offenders who are already under the radar of the concerned authorities may use the domestic black money amnesty window proposal offered in the recently tabled budget document as an easy escape route, government is ensuring proper regulatory measures are put in place.
Mar 07, 2016, 12:22 PM IST
PF withdrawal tax: Modi government set to reconsider budgetary proposal
Finance Minister Arun Jaitley, who had proposed a change in rule aiming at reducing litigation and increasing transparency in the Union Budget 2016, is likely to make an official statement in the House outlining the revised proposal.
Mar 07, 2016, 11:35 AM IST
Nissan hikes prices across models by up to 3.5%
Japanese carmaker Nissan has hiked prices of its entire range in India by up to 4 percent on account of new levies announced in Union Budget 2016-17
Mar 06, 2016, 19:46 PM IST
Sebi to fast-track market reforms, ease startup funding
Seeking to expedite its various reform measures to deepen the capital markets, Sebi is set to usher in easier capital raising norms for startups and remove ambiguities from its takeover regulations
Mar 06, 2016, 17:23 PM IST
MCA issues draft norms for revival of sick companies
Ahead of setting up the National Company Law Tribunal (NCLT), the government has come out with draft rules pertaining to revival and rehabilitation of sick firms under the companies law
Mar 06, 2016, 16:24 PM IST
Tamil Nadu jewellers' body temporarily calls off strike
A jewellers' association here today temporarily called off its strike following the Centre's assurance that it will review the Budget proposal to impose 1 per cent excise duty on gold ornaments.
Mar 06, 2016, 15:52 PM IST
'EPF tax not a shocker; bad phrasing in Budget speech made it confusing'
The government only wants to encourage investment in pension schemes, it was the phrasing in the Budget speech that caused the confusion over the EPF tax, said a government official.
Mar 06, 2016, 10:07 AM IST
FM Arun Jaitley to respond on taxing of EPF withdrawals in Parliament: Labour Minister
Labour Minister Bandaru Dattatreya today said he is holding discussions on the controversial budget proposal to tax EPF withdrawals with the Finance Ministry and government will reveal final details on the issue during the debate on Budget.
Mar 06, 2016, 09:46 AM IST
FM to respond on taxing of EPF withdrawals in Parl: Dattatreya
Labour Minister Bandaru Dattatreya today said he is holding discussions on the controversial budget proposal to tax EPF withdrawals with the Finance Ministry and government will reveal final details on the issue during the debate on Budget.
Mar 05, 2016, 23:06 PM IST
EPF tax shocker: Finance Ministry to offer relief from tax as PM intervenes; announcement likely on Tuesday
Sensing the outrage among salaried class on the Budget proposal to tax EPF withdrawals, PM Modi is reported to have intervened, following which the Finance Ministry has reviewed the proposal and is likely to offer some relief to taxpayers.
Mar 05, 2016, 11:04 AM IST
Jewellers to continue strike; FM Jaitley says will look into issue
Jewellers have been on a strike since March 2 protesting against the proposed excise duty imposition on non-silver jewellery items made in the Budget 2016-17 as well mandatory quoting of PAN by customers for transaction of Rs 2 lakh and above.
Mar 04, 2016, 23:16 PM IST
Budget 2016 impact: Hyundai, Honda, Mahindra hike prices by up to Rs 82,906
Auto makers Hyundai, Mahindra and Honda on Friday announced price hikes of up to Rs 82,906 across their entire product range on account of new levies announced in the Union Budget.
Mar 04, 2016, 19:54 PM IST
