Last Updated: Saturday, September 12, 2015, 20:36
Finance Minister Arun Jaitley on Saturday said policymakers need to change their regulatory mindset asserting that role of state should be minimised and government monopoly must end wherever possible.
Last Updated: Thursday, September 10, 2015, 19:54
In order to phase out exemptions and move to lower corporate tax rate, the CBDT is considering not to renew tax exemptions after expiry of sunset clause.
Last Updated: Wednesday, July 1, 2015, 10:51
A road map to eliminate all tax exemptions and incentives for corporates will be unveiled in the next 45 days as a prelude to lowering of corporate tax rate to 25 percent over a four-year period, Revenue Secretary Shaktikanta Das Wednesday said.
Last Updated: Wednesday, June 17, 2015, 15:45
The government has cancelled approvals of 22 special economic zones, including that of Tamilnadu Industrial Development Corporation and True Developers, as no "satisfactory" progress was made to execute the projects.
Last Updated: Saturday, February 28, 2015, 13:26
Increase in the limit of deduction in respect of health insurance premium from Rs 15,000 to Rs 25,000.
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".
Last Updated: Sunday, February 24, 2013, 15:51
Builders' Association of India (BAI) on Sunday sought increase exemption limit on interest of home loans to Rs 3 lakh from the present Rs 1.5 lakh in the Union Budget to be presented next week.
Last Updated: Tuesday, April 24, 2012, 19:54
The amount of revenue foregone by the government due to tax exemptions more than doubled from Rs 65,587 crore in 2006-07 to Rs 1,38,921 crore in 2010-2011, a CAG report said on Tuesday.
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