budget 2020

Budget expectation: Most OK with Rs 20K monthly pay but want tax free income

For the last 10 years, the demand that tax exemption should be no less than 4 lakhs per annum has continued.

Jan 30, 2020, 16:29 PM IST

Budget may unveil new amnesty scheme for legacy disputes in Income Tax

The Finance Ministry received around 1.89 lakh applications under the Sabka Vishwas (Legacy Dispute Resolution Scheme) 2019, which kicked off in September and concluded on January 15.

Jan 30, 2020, 16:18 PM IST

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Budget 2020: Will Nirmala Sitharaman provide women with special privileges

In this segment of Budget 2020, we will discuss what will Budget 2020 bring for the women. India's Finance Minister Nirmala Sitharaman Budget is herself a woman and she can accurately understand the needs of the women of India. So what relief can the Indian women accept?

Jan 30, 2020, 16:08 PM IST

Budget 2020: BJP recommends tax tweaks to attract foreign investors

India charges 15% short-term capital gains tax if equity shares are sold within a year and at 10% if sold after a year. Another demand has been for an amendment to dividend distribution tax (DDT) rules.

Jan 30, 2020, 11:04 AM IST

Budget 2020: Jharkhand Industry body expects relief, exemptions for real estate

Praveen Kr Jain, vice president, FJCCI, told ANI, "Real estate contributes to a great extent in our economy. Most importantly, it provides employment."

Jan 30, 2020, 10:59 AM IST

India's budget likely to raise spending to revive economic growth

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each year.

Jan 28, 2020, 21:49 PM IST

Union Budget may have uniform LTCG duration for equity, property and gold

These asset classes more or less are the bulwark of the investment ecosystem in the country and a standard LTCG computation would introduce transparency and provide more clarity and simplicity of the regime for investors.

Jan 28, 2020, 13:33 PM IST

Microfinance institutions seek more refinance from DFIs in Union Budget

The industry has also urged the government to create a dedicated fund for MFIs which are financing water and sanitation projects.

Jan 28, 2020, 12:46 PM IST

Government may consider unveiling national logistics policy in Budget 2020

The policy, which also aimed at reducing the high transaction cost of traders, may be proposed setting up of a central portal, which will provide end-to-end logistics solutions to companies.
The portal will be a single-window marketplace to link all stakeholders.

Jan 27, 2020, 21:36 PM IST

Budget 2020: Appliances, consumer electronics industry seeks tax relief, govt incentives

The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government to offer incentives for manufacturers to produce energy-efficient products which will be in line with the government's focus on sustainability in a pre-budget memorandum.

Jan 27, 2020, 18:42 PM IST

Industry body asks FM Sitharaman to slash GST on Auto LPG in Budget 2020

High GST rates on clean fuels and conversions kits are in complete variance to the government's stated green mobility push, IAC said in a statement.

Jan 27, 2020, 12:21 PM IST

Budget 2020: Import duty cut likely on raw material for fertiliser industry

In a bid to boost domestic manufacturing, the government is likely to go ahead with cut in import duty on raw material used in the fertiliser industry, sources said, adding that lower import duty on raw material like rock phosphate and sulphur used for manufacturing of DAP (Di ammonium phosphate) would help boost domestic production and cut in import bill.

Jan 27, 2020, 11:45 AM IST

Budget 2020 may do away with capital gains on selling of property

If the property is sold within 24 months, one has to pay a short-term capital gains tax (STCG) on the gains as per an individual`s income-tax slab.

Jan 27, 2020, 11:16 AM IST

Budget 2020: Consumer electronics industry seeks tax relief, incentives

The CEAMA has urged the government to offer incentives for manufacturers to produce energy-efficient products which will be in line with the government's focus on sustainability in a pre-budget memorandum.

Jan 27, 2020, 10:58 AM IST

Budget 2020: Finance Ministry mulls options on cuts in personal income tax

The government is discussing multiple options on cuts in personal income tax (PIT) in the forthcoming Union Budget, as the clamour grows for more money into the pockets of consumers and households to boost consumption in the economy.

Jan 27, 2020, 10:46 AM IST

Budget 2020 expectations: 69% want income tax limit to be hiked to Rs 5 lakh, says survey

Since the government announced the corporate tax rate cut in September this year, people are hoping that the Budget 2020 will bring some relief for the individual taxpayers as well.

Jan 25, 2020, 16:23 PM IST

Budget 2020: RBI Governor stresses on the need for more structural reforms to revive growth

Reserve Bank Governor Shaktikanta Das also listed out some of the priority areas where structural reforms are necessary and if carried out in earnest can act as potential growth drivers and through backward and forward linkages can give significant push to growth.

Jan 24, 2020, 19:55 PM IST