February 2nd, 2018Tax-free income for salaried class and pensioners has been raised to Rs 2.9 lakh by way of a Rs 40,000 standard deduction and not by hiking exemption limit as the government wanted the benefit to accrue to honest tax payers, Finance Secretary Hasmukh Adhia said today.
The standard deduction, which replaces tax-free transport allowance...
February 1st, 2018The Finance Minister of India, Arun Jaitley, has announced the budget for 2018-19 today. Starting off with providing the details on how the previous year's budget turned out, he mentioned how India stands out as the fastest economy in the world and now is a 2.5 trillion-dollar economy. On the basis of purchasing power, India stands as...
February 1st, 2018Government has considered regulation of cryptocurrency in budget 2018. In order to regulate cryptocurrencies like Bitcoin, Finance Minister of India, Arun Jaitley said that cryptocurrency is not a legal tender and Indian government will discourage its use.
However, the government is open to the 'blockchain technology' on which these...
October 25th, 2017Hailing the Centres announcement of Rs 2.11 lakh crore for bank recapitalisation as "historic", BJP chief Amit Shah has said the move will not just give an impetus to businesses, but also provide employment to the youth.
सरकारी बैंकों के लिए ₹2.11लाख करोड़ के...
September 18th, 2017Finance Minister Arun Jaitley today expressed hope that digital payment is going to pick up momentum with more advanced technology coming into the market.
A lot of people went in for digitisation in terms of mode of payment more out of compulsion rather than finding it a more convenient method to transact, but that compulsion created...
February 2nd, 2017Finance Minister Arun Jaitley has proposed extending the window for startups to avail tax benefits to first seven years of existence, a move that will allow new ventures to extract full benefit of the permitted deductions. Earlier, startups were allowed to claim profit-linked deduction for three years out of the first five years of...
December 17th, 2016The country’s largest lender State Bank of India (SBI), in partnership with Bharat Sanchar Nigam Limited (BSNL), Saturday launched its mobile wallet application ‘State Bank MobiCash’ for feature as well as smartphones.
The new wallet services will initially be available in Punjab, Rajasthan, Haryana and Bihar and expanded...
August 4th, 2016The GST regime would streamline the taxation system and make it much more transparent, but would also create multiple taxation points, which will be a "challenge" for the IT industry, Nasscom said today.
Nasscom President R Chandrasekhar said the concerns regarding multiple taxation points have been brought to the notice of the...
