The tax burden on individuals will be halved or become zero for those earning up to Rs 5 lakh.
Finance Minister lowers income tax rate for small firms from 30 percent to 25 percent.
Jaitley has proposed to reduce the income tax for smaller companies to 25%.
Jaitley moves to address concerns of foreign investors in Union Budget 2017.
This means that the books of accounts of an assessee can be reopened by taxmen back till 2007.
Finance Minister provides some relief to banks saddled with high levels of bad debt
Employees with basic wages lower than Rs 15,000 likely to face a higher contribution towards provident fund.
Why most people in India, whether they barely pay taxes, or they make over a crore a year, describe themselves as ‘middle class’.
Indirect tax evasion detected by government doubled in first 5 months of this fiscal compared with corresponding previous period.
The number of individual taxpayers of income above Rs 1 crore had increased to 81,344 from 48,416 in the last three years.
The government will stick to fiscal prudence and slash corporate tax rate to 25%, says Arvind Virmani.
Aadhaar, penalties and confusion: find out all about income tax returns...
The IT department had asked banks to maintain these records as it looks to crack down on evaders.
Budget 2017’s transfer pricing provision may cause some collateral damage.
Look, what Budget 2017 dragged in...The MAT problem.
Budget 2017: Round up of direct and indirect tax changes that will impact investors and corporates
The CBDT has also identified another 10 lakh individuals for suspicious deposits.
It’s a different long term capital gains tax controversy. And this one may hurt entrepreneurs and investors.
NASSCOM says the tax concession for startups will only help in the long term.
Will Jaitley lower tax rates to boost consumption or increase them to boost revenue collection?
A service tax hike would be an attempt to take rates closer to the proposed tax slabs for GST.