List of tax exemptions to be phased out in few days: Arun Jaitley

Last Updated: Wednesday, September 9, 2015, 11:49

The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.

India to unveil budget under pressure to deliver reforms

Last Updated: Saturday, February 28, 2015, 04:21

Prime Minister Narendra Modi`s right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.

Budget 2015: Expectations of Salaried class from FM Jaitley

Last Updated: Tuesday, February 24, 2015, 12:44

With just few weeks remaining for the Finance Minister to present the Union Budget for 2015, the common man has started building up expectations from the Narendra Modi-led NDA government at the Centre.

Assocham wants retrospective amendment withdrawn in Budget

Last Updated: Thursday, January 29, 2015, 18:55

Pitching for a non-adversarial tax regime, industry body Assocham on Thursday suggested that retrospective amendment be withdrawn in the upcoming Union Budget while calling for e-hearings, quicker IT refunds and raising the tax exemption limits.

No specific tax exemption for companies' CSR expenses: Govt

Last Updated: Friday, December 5, 2014, 17:17

The new companies law, which came into force from April 1, requires certain class of profitable corporates to shell out at least 2 percent of their three-year annual average net profit towards CSR works.

Tata trusts given irregular tax exemptions: CAG

Last Updated: Friday, December 13, 2013, 18:05

Moreover, the CAG added, in some cases "they did not fully utilised ... Proceeds for acquiring capital assets. The ITD allowed exemption irregularly in these assessments completed after scrutiny".

School bus, canteen, hostel exempt from service tax: Fin Min

Last Updated: Friday, September 20, 2013, 19:41

The Finance Ministry on Friday clarified that "auxiliary educational services" like hostels, canteen and school buses will not attract 12 percent service tax.

Cabinet likely to consider DTC Bill today

Last Updated: Thursday, August 22, 2013, 09:00

The exemption limit at Rs 2 lakh for individual tax payers is unlikely to be touched, but a new slab of 35 percent may be introduced for the super-rich.

Retain tax exemption of state PSUs, Modi tells FinMin

Last Updated: Sunday, April 28, 2013, 12:57

Bihar Deputy Chief Minister Sushil Modi has asked the Centre to remove the clause in the Finance Bill 2013 that seeks to disallow state PSUs from availing income tax exemption on fee and royalty paid by them to state governments.

Budget 2013: Salaried class wants IT exemption limit raised

Last Updated: Wednesday, February 13, 2013, 14:32

Over 89 percent of respondents said the slab of tax free income has not moved up in line with real inflation.

Rs 2,490 cr tax-exemption given to political parties in 5 years

Last Updated: Sunday, December 2, 2012, 18:39

Ten main political parties of the country had a whopping Rs 2,490 crore of tax-exempted income in the last five years, according to information from the Income Tax department through an RTI plea.

Tax incentives on anvil to promote life insurance: FM

Last Updated: Monday, October 1, 2012, 15:29

Among other things, the Finance Ministry is looking at the possibility of exempting first year premium from service tax and extending the scope of tax exemption scheme to cover more life insurance policies.