Budget 2018
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Finance Minister Needs To Perform A Tough Balancing Act
Despite the continuous rise in medical costs, the medical reimbursement limit of Rs 15,000 per year set in 1997 remains unchanged.
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Some Income Tax Rules Need To Be Updated
There are expectations that the government will provide tax benefits to individual taxpayers to spread positive vibes.
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Time To Relook At ICDS Provisions
If the treatment suggested by the ICDSs is incorporated in the Income Tax Act, it would certainly help the department in reducing the repetitive litigations on various matters.
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Taxing The Bankrupt - Deliverance Needed
It is only rational for the government not to put the cart before the horse and look at the bigger picture whilst developing tax policy for companies under the IBC regime.
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Standard Deduction Of Rs 40,000 Available For Pensioners. Details Here
Income Tax (IT) department clarified that pension qualifies as salary and is thus eligible for standard deduction of up to Rs 40,000.
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Amazon Settles Back Tax Case with France For Undisclosed Amount
The French government has been seeking back taxes, interest and penalties from Amazon.
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What Is 'Grandfather' Clause? How It Helps Lower Tax Burden On Mutual Fund Gains
The grandfather concept implies that all the capital gains accrued on equity/ mutual funds until January 31 will be exempt from taxation
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Decent Investment Required To Boost Tourism Infrastructure
India has tremendous potential for tourism with culture, heritage, beaches, hills, backwaters, Ayurveda, medical tourism but the numbers of arrivals does not match the potential we have.
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Need To Bring Down Tax For Life Insurance Sector
India has one of the highest protection gaps in Asia with a penetration level of around 3 per cent to 4 per cent.
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Government Posed With Growth Vs Fiscal Deficit Conundrum
The Budget will have to find ways to generate additional tax revenue while delivering on the promise made in its first budget of a cut in corporate tax.
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India Inc Hopes For Rationalisation Of Corporate Tax
Currently, there are several profit-linked deductions to incentivise participation in certain businesses. However, availing such deductions invariably leads to long-drawn litigations.
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Stronger Ecosystem Needed For Travel And Hospitality Industry
The business of hotels and restaurants which were affected by the liquor ban has gone down by at least 40 per cent.
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Budget Should Increase Tax Exemption Limit
In order to instil more purchasing power in the hands of common people and small entrepreneurs, the minimum exemption limit may be increased to Rs 3 lakh per annum.
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Government Must Rationalise Corporate Taxes
The tax cuts would help the entrepreneurs to manage the challenges arising out of the changes made by other administrations around the world, especially the US.
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Why Budget 2018 Should Focus On Digital Transactions
The digital payments ecosystem needs support for increasing its reach and usage.
-
Finance Minister Needs To Perform A Tough Balancing Act
Despite the continuous rise in medical costs, the medical reimbursement limit of Rs 15,000 per year set in 1997 remains unchanged.
-
Some Income Tax Rules Need To Be Updated
There are expectations that the government will provide tax benefits to individual taxpayers to spread positive vibes.
-
Time To Relook At ICDS Provisions
If the treatment suggested by the ICDSs is incorporated in the Income Tax Act, it would certainly help the department in reducing the repetitive litigations on various matters.
-
Taxing The Bankrupt - Deliverance Needed
It is only rational for the government not to put the cart before the horse and look at the bigger picture whilst developing tax policy for companies under the IBC regime.
-
Standard Deduction Of Rs 40,000 Available For Pensioners. Details Here
Income Tax (IT) department clarified that pension qualifies as salary and is thus eligible for standard deduction of up to Rs 40,000.
-
Amazon Settles Back Tax Case with France For Undisclosed Amount
The French government has been seeking back taxes, interest and penalties from Amazon.
-
What Is 'Grandfather' Clause? How It Helps Lower Tax Burden On Mutual Fund Gains
The grandfather concept implies that all the capital gains accrued on equity/ mutual funds until January 31 will be exempt from taxation
-
Decent Investment Required To Boost Tourism Infrastructure
India has tremendous potential for tourism with culture, heritage, beaches, hills, backwaters, Ayurveda, medical tourism but the numbers of arrivals does not match the potential we have.
-
Need To Bring Down Tax For Life Insurance Sector
India has one of the highest protection gaps in Asia with a penetration level of around 3 per cent to 4 per cent.
-
Government Posed With Growth Vs Fiscal Deficit Conundrum
The Budget will have to find ways to generate additional tax revenue while delivering on the promise made in its first budget of a cut in corporate tax.
-
India Inc Hopes For Rationalisation Of Corporate Tax
Currently, there are several profit-linked deductions to incentivise participation in certain businesses. However, availing such deductions invariably leads to long-drawn litigations.
-
Stronger Ecosystem Needed For Travel And Hospitality Industry
The business of hotels and restaurants which were affected by the liquor ban has gone down by at least 40 per cent.
-
Budget Should Increase Tax Exemption Limit
In order to instil more purchasing power in the hands of common people and small entrepreneurs, the minimum exemption limit may be increased to Rs 3 lakh per annum.
-
Government Must Rationalise Corporate Taxes
The tax cuts would help the entrepreneurs to manage the challenges arising out of the changes made by other administrations around the world, especially the US.
-
Why Budget 2018 Should Focus On Digital Transactions
The digital payments ecosystem needs support for increasing its reach and usage.
