No IT exemption to cooperative banks: Govt tells Lok Sabha
Income tax is a tax on profits and there is no rationale for exempting profit-making cooperative banks from payment of income tax, government said.
Dec 29, 2017, 13:09 PM ISTDouble I-T exemption limit to Rs 5 lakh: Deloitte survey
Finance Minister Arun Jaitley should double the basic income tax exemption limit to Rs 5 lakh per year and raise the ceiling for claiming deduction under Section 80C to Rs 2.50 lakh, according to a survey by tax consultant Deloitte.
Jan 01, 2017, 10:48 AM IST