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Here's What Experts Say About Changes Made In LRS For Credit Cards
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
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Digital Rupee in 2022–23: How Industry Stakeholders See the Move by Government
Digital Rupee is planned to launch in 2022–23, Finance Minister Nirmala Sitharaman revealed while presenting the Union Budget 2022 on Tuesday. Fintech industry stakeholders and cryptocurrency exchanges are optimistic about the move. However, some experts are raising concerns due to the lack of details at the moment.
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Finance Minister's Top 10 Announcements On Relief Steps Over Coronavirus
Finance Minister Nirmala Sitharaman on Tuesday announced a slew of relief measures for taxpayers and businesses as the country entered a second day of lockdown to curb the coronavirus (COVID-19) outbreak. Announcing a relaxation in the due dates for filing of certain income tax as well as Goods and Services Tax (GST) returns, Nirmala Sitharaman sai...
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Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
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CBI Looks For Banking, Tax Experts To Help Probe Into Multi-Crore Scams
The Central Bureau of Investigation (CBI), which is probing the over Rs 13,000 crore Punjab National Bank scam as well as other financial frauds, has sought deputation of banking and tax experts from other ministries with an offer of good monetary incentives.
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Budget 2018: Government Announces Dedicated Affordable Housing Fund
Experts were disappointed with no changes in the income tax slabs and absence of other direct measures that influence the real estate sector.
-
Budget 2018: Standard Deduction Reintroduced For Salaried Individuals
Tax experts say that reintroduction of standard deduction will help salaried employees get some parity with respect to businessmen and other self-employed professionals, who can claim a number of expenses such as rent, staff expenses and driver's salary etc. as business expenditure and reduce tax burden.
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Trading Calls: Buy ITC, Yes Bank, Tata Steel, Say Experts
Gains in the domestic markets were led by FMCG, metal and realty shares after the government finally launched GST or Goods and Service Tax over the weekend.
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Cheaper Or Costlier? How GST May Impact Prices Of Goods
Since GST is meant to eliminate "tax on tax", experts say overall tax burden on goods is expected to fall over time.
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First Pain, Then Gain, Predict Experts After 500 and 1000 Rupee Notes Are Abolished
Some now expect the RBI to make deeper cuts to the repo rate than expected, after it lowered it by a quarter percentage point last month.
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GST Set To Become A Reality. Stocks, Sectors That May Gain
The long-pending Goods and Services Tax (GST) bill is set to be soon tabled in Rajya Sabha and stock markets have rallied on hopes that it would be passed by the Parliament. Market experts see certain sectors benefiting from the new tax regime.
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Beyond Bank FDs: How To Earn Higher Regular Income
Bank deposits, post office deposits and senior citizen schemes are among the well-known investments where people park their money to get a regular income. But what about returns after you factor in income tax?
-
Dining Out, Banking to Get Costlier on GST Rollout: Experts
Services like telephony, dining out and banking will get dearer if the recommendations made by the GST panel on the proposed nationwide uniform taxation are accepted as the tax rate will increase to 17-18 per cent from 14.5 per cent at present, experts said.
-
Services Likely to Get Costlier on GST Rollout: Experts
Services like telephony, dining out and banking will get dearer if the recommendations made by the GST panel on the proposed nationwide uniform taxation are accepted as the tax rate will increase to 17-18 per cent from 14.5 per cent at present, experts said.
-
Experts Seek Clarification on Taxability of LPG Subsidy
Taxability of LPG subsidy and other benefits paid directly into the bank accounts of beneficiaries is unclear with tax experts divided on the issue and want an explicit clarification from the government.
-
Here's What Experts Say About Changes Made In LRS For Credit Cards
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
-
Digital Rupee in 2022–23: How Industry Stakeholders See the Move by Government
Digital Rupee is planned to launch in 2022–23, Finance Minister Nirmala Sitharaman revealed while presenting the Union Budget 2022 on Tuesday. Fintech industry stakeholders and cryptocurrency exchanges are optimistic about the move. However, some experts are raising concerns due to the lack of details at the moment.
-
Finance Minister's Top 10 Announcements On Relief Steps Over Coronavirus
Finance Minister Nirmala Sitharaman on Tuesday announced a slew of relief measures for taxpayers and businesses as the country entered a second day of lockdown to curb the coronavirus (COVID-19) outbreak. Announcing a relaxation in the due dates for filing of certain income tax as well as Goods and Services Tax (GST) returns, Nirmala Sitharaman sai...
-
Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
-
CBI Looks For Banking, Tax Experts To Help Probe Into Multi-Crore Scams
The Central Bureau of Investigation (CBI), which is probing the over Rs 13,000 crore Punjab National Bank scam as well as other financial frauds, has sought deputation of banking and tax experts from other ministries with an offer of good monetary incentives.
-
Budget 2018: Government Announces Dedicated Affordable Housing Fund
Experts were disappointed with no changes in the income tax slabs and absence of other direct measures that influence the real estate sector.
-
Budget 2018: Standard Deduction Reintroduced For Salaried Individuals
Tax experts say that reintroduction of standard deduction will help salaried employees get some parity with respect to businessmen and other self-employed professionals, who can claim a number of expenses such as rent, staff expenses and driver's salary etc. as business expenditure and reduce tax burden.
-
Trading Calls: Buy ITC, Yes Bank, Tata Steel, Say Experts
Gains in the domestic markets were led by FMCG, metal and realty shares after the government finally launched GST or Goods and Service Tax over the weekend.
-
Cheaper Or Costlier? How GST May Impact Prices Of Goods
Since GST is meant to eliminate "tax on tax", experts say overall tax burden on goods is expected to fall over time.
-
First Pain, Then Gain, Predict Experts After 500 and 1000 Rupee Notes Are Abolished
Some now expect the RBI to make deeper cuts to the repo rate than expected, after it lowered it by a quarter percentage point last month.
-
GST Set To Become A Reality. Stocks, Sectors That May Gain
The long-pending Goods and Services Tax (GST) bill is set to be soon tabled in Rajya Sabha and stock markets have rallied on hopes that it would be passed by the Parliament. Market experts see certain sectors benefiting from the new tax regime.
-
Beyond Bank FDs: How To Earn Higher Regular Income
Bank deposits, post office deposits and senior citizen schemes are among the well-known investments where people park their money to get a regular income. But what about returns after you factor in income tax?
-
Dining Out, Banking to Get Costlier on GST Rollout: Experts
Services like telephony, dining out and banking will get dearer if the recommendations made by the GST panel on the proposed nationwide uniform taxation are accepted as the tax rate will increase to 17-18 per cent from 14.5 per cent at present, experts said.
-
Services Likely to Get Costlier on GST Rollout: Experts
Services like telephony, dining out and banking will get dearer if the recommendations made by the GST panel on the proposed nationwide uniform taxation are accepted as the tax rate will increase to 17-18 per cent from 14.5 per cent at present, experts said.
-
Experts Seek Clarification on Taxability of LPG Subsidy
Taxability of LPG subsidy and other benefits paid directly into the bank accounts of beneficiaries is unclear with tax experts divided on the issue and want an explicit clarification from the government.
