By Sanjeev Sharma New Delhi, Feb 2 (SocialNews.XYZ) Only India and Bangladesh have income tax limits that are much higher than the average income. This implies that there is indeed food for thought for lowering…
Chennai, Feb 2 (SocialNews.XYZ) It was a moment of great pride for the team that created Vande Bharat trains (also known as Train 18) when Finance Minister Nirmala Sitharaman announced production of 400 trains over…
New Delhi, Feb 1 (SocialNews.XYZ) Indian companies receiving dividend payments from their foreign-based subsidiaries will be taxed more than the current concessional tax rate of 15 per cent, the Budget document showed on Tuesday. At…
New Delhi, Feb 1 (SocialNews.XYZ) The Central government plans to launch the next phase of ‘Ease of Doing Business’ as well as ‘Ease of Living’, Finance Minister Nirmala Sitharaman said on Tuesday. In her Budget…
New Delhi, Feb 1 (SocialNews.XYZ) The Budget 2022-23 on Tuesday has provisions for faster green clearances and expanding scope for single window clearances for projects that are to be cleared by the Environment Ministry and…
New Delhi, Feb 1 (SocialNews.XYZ) Slamming the Union Budget 2022-23, Delhi Deputy Chief Minister Manish Sisodia on Tuesday said that the Centre has not even allocated a single penny to the Municipal Corporation of Delhi…
New Delhi, Feb 1 (SocialNews.XYZ) Regulations around tax incentives and Customs rationalisation will help capture the shift in the manufacturing supply chain from China to India, Primus Partners said in a note. The Union Budget…
New Delhi, Feb 1 (SocialNews.XYZ) The Centre proposes to impose one per cent Tax Deduction at Source (TDS) on payments for transfer of virtual digital assets above a “monetary threshold”, Finance Minister Nirmala Sitharaman said…
Amaravati, Feb 1 (SocialNews.XYZ) Andhra Pradesh’s ruling YSR Congress Party (YSRCP) has termed the Union Budget 2022-23 “disappointing”. The party said they had expected a booster dose but it appeared like all style but no…
By Sanjeev Sharma New Delhi, Feb 1 (SocialNews.XYZ) The Union Budget has introduced a provision to provide that in case of transfer of an immovable property (other than agricultural land), TDS is to be deducted…
New Delhi/Chennai, Feb 1 (SocialNews.XYZ) The Department of Atomic Energy (DAE) has asked for an allocation of about Rs 32,342 crore for 2022-23. In the demand for grants placed in the Parliament as part of…
New Delhi, Feb 1 (SocialNews.XYZ) India is expected to become a $5 trillion economy by FY26 or FY27 if the 8 per cent GDP growth rate is retained, Chief Economic Advisor, V. Anantha Nageswaran, said…
New Delhi, Feb 1 (SocialNews.XYZ) The Ministry of Education has received a record budgetary allocation for the upcoming financial year. The Ministry has been allocated Rs 1,04,277.72 crore for the financial year (FY) 2022-23. This…
New Delhi, Feb 1 (SocialNews.XYZ) The Union Budget 2022-23 has allocated more funds to the Ministry of Home Affairs-administered Union Territories. According to the Budget proposals for the current fiscal, with a hike of 6.98…
New Delhi, Feb 1 (SocialNews.XYZ) The Centre plans to implement an accelerated corporate exit process in fiscal 2022-23. A Centre for Processing Accelerated Corporate Exit (C-PACE) has been proposed to be established, Finance Minister Nirmala…
New Delhi, Feb 1 (SocialNews.XYZ) Reacting to Congress leader Rahul Gandhi’s comments on the budget, Union Finance Minister Nirmala Sitharaman said in her post-budget interaction that “Always irresponsible comments as criticism, I take criticism, but…
New Delhi, Feb 1 (SocialNews.XYZ) The Centre plans to implement a new Special Economic Zones Act which will enhance the role of state governments for setting up of these hubs. On Tuesday, Finance Minister Nirmala…
New Delhi, Feb 1 (SocialNews.XYZ) Provisions pertaining to bonus stripping and dividend stripping will now be made applicable to securities and units. Section 94 of the Income Tax Act contains anti-avoidance provisions to deal with…
New Delhi, Feb 1 (SocialNews.XYZ) Hailing the Union Budget on digital skilling and digitisation of education to prepare a strong foundation for India’s ‘techade’, key industry players on Tuesday said that certain areas that have…
New Delhi, Feb 1 (SocialNews.XYZ) The government on Tuesday announced duty concessions on certain mobile phone parts that may make some of the mobile handsets cheaper. The industry, however, asked the government to further cut…