Fiscal deficit to be 3.3 per cent of the GDP for the coming fiscal year, says FM Jaitley
New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley, while presenting the General Budget for 2018-19 in Parliament on Thursday, said that this Budget reflects the government’s commitment to substantially boost investment in agriculture, social sector, digital payments, infrastructure and employment generation while simultaneously sticking to the path of fiscal rectitude.
Incentive for Real Estate sector proposed in Union Budget
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs, Arun Jaitley, in his latest Budget, has proposed some adjustment in the real estate sector in respect of transactions in immovable property,.
Country-wide E-assessment to be rolled-out to replace age-old assessment procedure
New Delhi, Feb 1 (IBNS): In the General Budget 2018-19 presented in Parliament on Thursday, FM Arun Jaitley proposed to amend the Income-tax Act to notify a new scheme for assessment.
FM Jaitley proposes rationalisation of long term capital gains in latest Budget
New Delhi, Feb 1 (IBNS): Union Finance and Corporate Affairs Minister, Arun Jaitley, in his Union Budget, proposed to tax long term capital gains exceeding rupees one lakh at the rate of 10 per cent without allowing the benefit of any indexation.
Exemption of Interest Income on deposits increased for senior citizens increased to Rs 50,000
New Delhi, Feb 1 (IBNS): In the Union Budget 2018, FM Arun Jaitley announced several incentives for senior citizens, including raising exemption limit for interest income on deposits.
Union Budget 20818: Standard deduction of Rs 40,000 allowed in lieu of present exemptions
New Delhi, Feb 1 (IBNS): In the Union Budget 2018, FM Arun Jaitley has proposed to allow a standard deduction of Rs. 40,000 in lieu of the present exemption in respect of transport allowance and reimbursement of miscellaneous medical expenses for salaried taxpayers.
Budget expectations: Bengal Chamber wants corporate tax structure reduced to 28 per cent
Kolkata, Jan 31 (IBNS): The Bengal Chamber of Commerce and Industry, a Kolkata-based chamber of commerce, has put forth its expectations from the Union Budget 2018.
Kolkata, Jan 27 (IBNS): With the Union Budget 2018 round the corner, expectations of the common people as well as the business houses and industries are mounting everyday.