Union Budget 2017: Jaitley gives major relief to the steel industry; waives basic custom duty on nickel
The government has waived basic custom duty on nickel -- a key steel making raw material -- in a major relief to the steel industry which is facing tough times.
Feb 01, 2017, 16:18 PM IST
Union Budget 2017: FM announces measures to give relief to startups
In a relief to start-ups, Finance Minister Arun Jaitley on Wednesday proposed extending the time period for availing tax benefit for three years in the first seven years of existence.
Feb 01, 2017, 16:11 PM IST
Union Budget: Income tax for small firms slashed to 25%
Finance Minister Arun Jaitley on Wednesday reduced the income tax for small companies with annual turnover of up to Rs 50 crore to 25 percent with a view to making MSME companies more viable and encouraging firms to migrate to company format.
Feb 01, 2017, 16:02 PM IST
Union Budget 2017: Tax rate halved to 5% for income of Rs 2.5-5 lakh; 10% surcharge on income between Rs 50 lakh-1 crore
The change in the personal income tax rate for individual assessees between Rs 2.5 lakh and Rs 5 lakh income would reduce the tax liability of all persons below Rs 5 lakh to either to zero (with rebate) or 50 percent of their existing liability.
Feb 01, 2017, 15:58 PM IST
Union Budget 2017-18: Has FM softened demonetisation blow by announcing tax sops?
Amidst heightened expectations and hopes Finance Minister Arun presented Union Budget 2017-18 by rewarding the common man with income tax sops.
Feb 01, 2017, 15:51 PM IST
Budget 2017: Tax relief on capital gains for property sale proposed
The government also plans to extend the basket of financial instruments in which the capital gains can be invested without payment of tax.
Feb 01, 2017, 15:24 PM IST
Union Budget 2017: Cash donation to political parties capped at Rs 2,000; further funding through Electoral Bonds
Finance Minister Arun Jaitely has said that the political party can receive maximum donation up to Rs 2,000 in cash from one person. This is down from the earlier limit of Rs 20,000.
Feb 01, 2017, 15:09 PM IST
I have rewarded honesty of small taxpayers and more money in their hands: Arun Jaitley
The government's tax proposals in Budget 2017-18 have tried to incentivise the first time taxpayers and rewarded the honesty of those paying tax, said Finance Minister Arun Jaitley after his post-budget interaction with media.
Feb 01, 2017, 15:05 PM IST
Union Budget 2017-18: Full Text
Here is the Full Text of the Union Budget 2017-18.
Feb 01, 2017, 14:51 PM IST
Demonetisation will lead to bigger, cleaner and real GDP: Arun Jaitley
The Union Minister of Finance and Corporate Affairs Arun Jaitley said that India has witnessed historic and impactful economic reforms and policy making in the last one year and there were two tectonic policy initiatives, namely, passage of the Constitution Amendment Bill for GST and the progress made for its implementation; and demonetisation of high denomination bank notes.
Feb 01, 2017, 14:23 PM IST
Budget 2017: Govt unveils string of measures towards Ease of Doing Business
Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore; Threshold for maintenance of books for individuals and HUF more than doubled.
Feb 01, 2017, 14:17 PM IST
Union Budget 2017-18: How tax proposals will affect you
While presenting the Budget for the financial year 2017-18, Finance Minister Arun Jaitley on Wednesday proposed to reduce the existing rate of taxation for individual assesses between income of Rs 2.5 lakhs to Rs 5 lakhs to 5% from the present rate of 10%.
Feb 01, 2017, 14:05 PM IST
Govt removes all taxes on PoS machines to push e-payments
In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.
Feb 01, 2017, 13:58 PM IST
Budget 2017 will accelerate development, tax reforms a 'bold move', says PM Modi
The Budget announced by Finance Minister Arun Jaitley has taken forward the work undertaken by the government in the last two and a half years and will further accelerate development and generate employment for youth, PM Narendra Modi said on Wednesday.
Feb 01, 2017, 13:55 PM IST
Union Budget 2017: From 'path-breaking', 'uttam' to 'vision less' – here are some quick reactions
While PM Narendra Modi hailed the Union Budget as 'pro-poor and historic', Congress vice-president Rahul Gandhi called it 'vision less' and a 'damp squib'. Here are some quick reactions.
Feb 01, 2017, 13:53 PM IST
Cash transactions above Rs 3 lakh banned from April 1: Arun Jaitley
Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley on Wednesday proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017.
Feb 01, 2017, 13:33 PM IST
Budget 2017 a damp squib; nothing for farmers, youth: Rahul Gandhi
Congress vice president Rahul Gandhi on Wednesday expressed his displeasure over Union Budget 2017-18, saying it has nothing for youths and farmers.
Feb 01, 2017, 13:33 PM IST
No tax on individual income up to Rs 3 lakh, 2.5 lakh to 5 lakh slab to be charged at 5%
Finance Minister gave reprieve on income tax for those earning up to Rs 5 lakh.
Feb 01, 2017, 13:25 PM IST
Rail tickets to be cheaper, no service charge on e-tickets from April 1
Giving railway commuters a reason to smile and enjoy their journey, Union Finance Minister Arun Jaitley on Wednesday announced that no service charge will be levied on tickets booked through the IRCTC website.
Feb 01, 2017, 13:10 PM IST
Budget 2017: Donations above Rs 2,000 to political parties to be made through cheques, digital mode
In yet another attempt to check the increasing menace of black money in funding of the political parties, Union Finance Minister Arun Jaitley, while presenting Budget 2017 in the Lok Sabha on Wednesday said, all donations to political outfits above Rs 2,000, will have to be made through cheques or digital mode.
Feb 01, 2017, 13:01 PM IST
