Diabytes
Union Budget 2017-18 News
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Finance Minister Arun Jaitley on Wednesday said that the electoral bonds announced in Union Budget 2017-18 to promote legitimate funding of political parties cannot become a parallel currency and thus would be valid only for a specific duration.
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Finance Bill, 2017 has proposed to amend the Act to provide exemption from tax at the time of partial withdrawal by an employee from National Pension System Trust in accordance with conditions specified under Pension Fund Regulatory and Development Authority Act, 2013 and regulations made there under, to the extent it does not exceed twenty five percent of the contributions made by him.
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In a significant move to check black money, Income Tax Department can now scrutinise income tax returns of previous 10 years if any search leads them to undisclosed deposits or property of over Rs 50 lakh.
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Rajiv Gandhi Equity Savings Scheme (RGESS), under which tax benefits of up to Rs 25,000 for small investors in equities have been proposed to be phased out, seems to have had limited takers with more than 4,500 accounts having no investments at all.
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Finance Minister Arun Jaitley's focus on agriculture, rural employment and infrastructure in his Budget for 2017-18 shows Narendra Modi government's ability to balance growth with prudence, billionaire Gautam Adani said on Thursday.
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American industry bodies have lauded the Budget, saying Finance Minister Arun Jaitley has done an "admirable job" in creating a vision that will propel the domestic economy while remaining cognizant about foreign investors eying the Indian market.
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In a major relief to the salaried class, the Finance Minister Arun Jaitley while presenting the Budget 2017-18 in Parliament on Wednesday proposed to halve the tax rate for income between Rs 2.5 lakh and Rs 5 lakh to 5 percent.
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Know how Union Budget will benefit NPS subscribers.
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Here's how you can pay less tax this year following the FM's announcement.
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The Finance Minister Arun Jaitley while presenting the Budget 2017-18 in Parliament on Wednesday said that the scheme for profit linked income tax exemption for promoters of affordable housing will be broad based.
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Jaitley addressed Industry leaders at a post budget OPEN HOUSE Programme in New Delhi.
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Here are top 10 announcements made by the Finance Minister in his Budget speech.
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