AC train travel exempted from service tax

Last Updated: Tuesday, July 3, 2012, 08:40

According to the railways, keeping public interest in mind, the finance ministry issued a notification Monday exempting transportation of passengers (with or without accompanied belongings) in air-conditioned coaches and transportation of goods from service tax.

Fin Min extends tax exemption for private PF trusts till March 2013

Last Updated: Wednesday, May 9, 2012, 21:00

Giving relief to about 46 lakh subscribers of over 2,700 private PF Trusts, the Finance Ministry has extended the income tax exemption for them till March 31, 2013.

Fin Min extends tax exemption for private PF trusts till March 2013

Last Updated: Wednesday, May 9, 2012, 21:00

Giving relief to about 46 lakh subscribers of over 2,700 private PF Trusts, the Finance Ministry has extended the income tax exemption for them till March 31, 2013.

No strike now: Bollywood happy with tax exemption

Last Updated: Saturday, March 17, 2012, 09:17

Mukesh Bhatt is delighted with the government`s decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news.

No strike now: Bollywood happy with tax exemption

Last Updated: Friday, March 16, 2012, 16:40

Producer Mukesh Bhatt is delighted with the government`s decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news.

Direct, indirect tax reforms to miss deadline: Mukherjee

Last Updated: Friday, March 16, 2012, 13:19

Implementation of the Direct Tax Code (DTC), the proposed reforms in the direct tax system, will miss the deadline of April 1, 2012, Finance Minister Pranab Mukherjee said Friday.

Mukherjee's budget promises tax relief, subsidy cut, reforms

Last Updated: Friday, March 16, 2012, 13:16

Tax relief to individuals, promise to curb black money, major push on infrastructure, capital market reforms and huge subsidy cut were among proposals listed by Finance Minister Pranab Mukherjee in the federal budget for 2012-13.

Tax payers may get some relief in Union Budget

Last Updated: Thursday, March 15, 2012, 18:47

Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals to be unveiled in the Lok Sabha on Friday.

Majority of staff expects tax exemption limit to Rs 3L: Survey

Last Updated: Sunday, March 11, 2012, 15:55

A majority of employees surveyed expect Finance Minister Pranab Mukherjee to increase the income tax exemption limit to Rs 3 lakh in the upcoming Budget, in line with rising inflation, Assocham has said.

Majority of staff expects tax exemption limit to Rs 3L: Survey

Last Updated: Sunday, March 11, 2012, 15:55

A majority of employees surveyed expect Finance Minister Pranab Mukherjee to increase the income tax exemption limit to Rs 3 lakh in the upcoming Budget, in line with rising inflation, Assocham has said.

Parl panel for hiking income tax exemption limit to Rs 3 lakh

Last Updated: Friday, March 2, 2012, 19:37

In order to provide the much needed relief to people, a Parliamentary panel scrutinising the Direct Taxes Code (DTC) Bill has suggested raising the income tax exemption limit to Rs 3 lakh and also hiking deduction on savings to Rs 2.5 lakh.

House panel agrees on raising I-T exemption limit

Last Updated: Friday, February 24, 2012, 14:54

Ahead of the Budget, a key Parliamentary panel scrutinising the Direct Taxes Code (DTC) is likely to recommend raising of income tax exemption limit to Rs 3 lakh and tax breaks on investments to Rs 2.5 lakh.