Tax Concessions
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Delhi Government To Provide Tax Concession For Scrapping Old Vehicles
The Delhi government is planning to provide a tax concession for scrapping old vehicles and has sent a proposal to Lt Governor VK Saxena for approval.
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Tax Benefits, Intellectual Property Rights On Pharma Industry's Budget Wishlist
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.
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Rahul Gandhi Slams Centre Over No Concession On Rail Tickets To Elderly
Former Congress president Rahul Gandhi attacked the government for not providing concessions to elderly on rail tickets. He alleged that there are "tax exemptions for capitalist friends" but no concessions for elderly.
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How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
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$1 Trillion Economy Is Maharashtra's Aim, Says CM During Budget: Report
Maharashtra Deputy CM presented a revenue deficit budget, while announcing tax concessions, and said Maharashtra's aim is a $1 trillion economy.
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India Will Not Give Tesla Any Tax Breaks
Tesla wants concessions so that it can import its car in India making them relatively viable.
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Budget 2022 "Blueprint To Steer Economy From India@75 To India@100"
Finance Minister Nirmala Sitharaman announces Budget 2022. She is expected to raise spending on infrastructure but fiscal constraints leave little room for concessions for pandemic-hit households.
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Budget 2022: Fintech Industry Seeks Incentives To Push Financial Inclusion
Seeking tax concessions in the budget, fintech industry is stressing that fiscal and non-fiscal incentives are needed for financial inclusion
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MoRTH Proposes Concession Of Up To 25 Per Cent On Road Tax Against Vehicle Scrapping Certificate
According to the new proposal, if the vehicle is registered against submission of "Certificate of vehicle scrapping", the concession in the motor vehicle tax will be up to 25 percent, for non-transport vehicles and up to 15 percent for transport vehicles.
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Stamp Duty Concession For Women, Increased Liquor Tax In Maharashtra Budget
The Maharashtra government's budget for 2021-22, presented on International Women's Day, offered one per cent concession in stamp duty if property is transferred exclusively in women's name.
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"Lost Rs 7,800 Crore Revenue Due To Tax Concessions," Says Centre: Highlights
Finance Minister Nirmala Sitharaman announced reforms in seven key areas,including MGNREGA, healthcare and education, ease of doing business, in the fifth and final tranche of economic stimulus package to deal with the economic fallout of the COVID-19 pandemic. also announced an increase in borrowing limit forstates from 3 per cent to 5 percent. Th...
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Government Offers Soft Loans, Tax Concessions To Rescue Economy
The broader spending plan includes measures already unveiled by the government and also by the central bank such as provision for cheap cash to banks and the reduction in its cash reserve ratio.
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Budget 2020: Income Tax Cuts, Concessions For Home Buyers Predicted
Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.
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Industry Body FICCI Calls For Increase In Section 80C Income Tax Deduction Threshold
Union Budget 2020: Finance Minister Nirmala Sitharaman will present the first full-year Union Budget of Prime Minister Narendra Modi's government in Parliament on February 1.
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PM Modi Seeks Advice From 130 Crore Indians For Budget 2020
Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.
-
Delhi Government To Provide Tax Concession For Scrapping Old Vehicles
The Delhi government is planning to provide a tax concession for scrapping old vehicles and has sent a proposal to Lt Governor VK Saxena for approval.
-
Tax Benefits, Intellectual Property Rights On Pharma Industry's Budget Wishlist
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.
-
Rahul Gandhi Slams Centre Over No Concession On Rail Tickets To Elderly
Former Congress president Rahul Gandhi attacked the government for not providing concessions to elderly on rail tickets. He alleged that there are "tax exemptions for capitalist friends" but no concessions for elderly.
-
How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
-
$1 Trillion Economy Is Maharashtra's Aim, Says CM During Budget: Report
Maharashtra Deputy CM presented a revenue deficit budget, while announcing tax concessions, and said Maharashtra's aim is a $1 trillion economy.
-
India Will Not Give Tesla Any Tax Breaks
Tesla wants concessions so that it can import its car in India making them relatively viable.
-
Budget 2022 "Blueprint To Steer Economy From India@75 To India@100"
Finance Minister Nirmala Sitharaman announces Budget 2022. She is expected to raise spending on infrastructure but fiscal constraints leave little room for concessions for pandemic-hit households.
-
Budget 2022: Fintech Industry Seeks Incentives To Push Financial Inclusion
Seeking tax concessions in the budget, fintech industry is stressing that fiscal and non-fiscal incentives are needed for financial inclusion
-
MoRTH Proposes Concession Of Up To 25 Per Cent On Road Tax Against Vehicle Scrapping Certificate
According to the new proposal, if the vehicle is registered against submission of "Certificate of vehicle scrapping", the concession in the motor vehicle tax will be up to 25 percent, for non-transport vehicles and up to 15 percent for transport vehicles.
-
Stamp Duty Concession For Women, Increased Liquor Tax In Maharashtra Budget
The Maharashtra government's budget for 2021-22, presented on International Women's Day, offered one per cent concession in stamp duty if property is transferred exclusively in women's name.
-
"Lost Rs 7,800 Crore Revenue Due To Tax Concessions," Says Centre: Highlights
Finance Minister Nirmala Sitharaman announced reforms in seven key areas,including MGNREGA, healthcare and education, ease of doing business, in the fifth and final tranche of economic stimulus package to deal with the economic fallout of the COVID-19 pandemic. also announced an increase in borrowing limit forstates from 3 per cent to 5 percent. Th...
-
Government Offers Soft Loans, Tax Concessions To Rescue Economy
The broader spending plan includes measures already unveiled by the government and also by the central bank such as provision for cheap cash to banks and the reduction in its cash reserve ratio.
-
Budget 2020: Income Tax Cuts, Concessions For Home Buyers Predicted
Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.
-
Industry Body FICCI Calls For Increase In Section 80C Income Tax Deduction Threshold
Union Budget 2020: Finance Minister Nirmala Sitharaman will present the first full-year Union Budget of Prime Minister Narendra Modi's government in Parliament on February 1.
-
PM Modi Seeks Advice From 130 Crore Indians For Budget 2020
Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.
