Tax exemption News

The proceeds from these bonds will be utilised exclusively for renewable energy projects capable of servicing debt through their project revenues, without dependence on State Governments for debt servicing, according to the official statement.

Of the total approvals, 75 startups were cleared during the 79th Inter-Ministerial Board (IMB) meeting and another 112 during the 80th such meeting held on April 30. 

This case bears resemblance to that of actor Joseph Vijay aka Thalapathy Vijay who had been called “anti-national’ by the Court for having sought a tax exemption on his imported Rolls Royce. 

The budget is going to be presented on February 1, as always this time also, people are expecting, will the government increase tax exemption in this budget? know what relief will be given in tax in this general budget?

A proposal seeking tax exemption for ancient mutts and temples at three important Hindu `teerths` -- Kashi, Ayodhya and Mathura -- has been submitted to senior RSS functionary Indresh Kumar. These mutts and temples do not have any regular source of income but they have been keeping alive the ancient tradition of `gurukul` for `Vedic` students.

Majority of respondents surveyed indicated that the Union budget 2020-21 will observe an increase in tax exemption limit to Rs 2.5 lakh per annum. 

'Saand Ki Aankh' deals with women empowerment and the changes in social mindset.

The AAP on Tuesday accused BJP leader Vijay Goel of using his "post and clout" to get exemption on property tax and other charges on a heritage building he bought in old Delhi and demanded his resignation as Union Sports Minister and from Parliament.

Finance Minister Arun Jaitley Monday announced withdrawal of tax exemptions from a host of services including those provided by lawyers to other advocates, including on arbitral tribunals, even as he exempted financial regulators and others from service tax.

Finance Minister Arun Jaitley presented his third Budget on Monday.

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

It has invited comments on the proposal withing 15 days.

The government should refrain from frequently raising the tax exemption threshold to avoid erosion in the number of taxpayers and also needs to adopt measures to move towards a cash-less regime, says a report.

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

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.

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.

People can now deposit up to Rs 1.5 lakh annually in their Public Provident Fund (PPF) with the government notifying changes in the popular savings scheme.

Bank employees body AIBEA has demanded an increase in the exemption of tax on interest earned on bank deposits to Rs 25,000 from Rs 10,000 at present from the government in its maiden Budget next month.

Right now government is almost paying from tax payers' money for any losses out of natural disasters as people are not accustomed to buy such cover.

The decision of the Finance Minister will be closely watched by all and sundry, here is the list of most awaited announcements.