Individuals, cooperatives get tax relief in budget

New Delhi, Feb. 1 -- Individuals, cooperative societies, and startups have received tax incentives from the Union Budget for FY24 as the government sought to give relief to the middle class and to enc... Read More

Budget proposes raising limit for presumptive taxation

New Delhi, Feb. 1 -- Union finance minister Nirmala Sitharaman on Wednesday proposed raising the income limit for presumptive taxation for micro-enterprises and professionals. Presenting the Budget fo... Read More

'Fiscal discipline translates to stimulus'

New Delhi, Jan. 31 -- The fiscal discipline followed by the government lowers the cost of capital for all sections of society, freeing up resources for a future stimulus, according to the Economic Sur... Read More

Recovery in IBC negligible: data

New Delhi, Jan. 31 -- Despite lenders initiating the reversal of suspect deals made by companies before being referred to bankruptcy courts, the amount recovered so far remains a small fraction of the... Read More

Centre's revenues buoyant, fresh credit cycle has begun: Economic Survey

New Delhi, Jan. 31 -- Central government's revenue receipts have grown at a faster pace than the economic growth rate due to formalisation of the economy, even as cleaner balance sheets of banking, no... Read More

Income tax refunds quicker now: President Murmu

New Delhi, Jan. 31 -- President Droupadi Murmu on Tuesday said that income tax refunds by the tax department has become quick and the government of the day appreciates the honest, giving a broad overv... Read More

Unsecured debt tag for govt dues to facilitate IBC rescue

New Delhi, Jan. 30 -- New Delhi The government's move to amend the Insolvency and Bankruptcy Code (IBC) is set to clear the air on the tax dues of failed businesses and aid their bankruptcy resolutio... Read More

Rationalise tax rate for middle-income group: PHD Chamber

New Delhi, Jan. 28 -- Rationalization of peak income tax rate of 30% for middle-income level calls for immediate attention by the government, industry body PHD Chamber of Commerce and Industry said in... Read More

MCA to roll out e-adjudication before March-end

New Delhi, Jan. 27 -- The ministry of corporate affairs will roll out the facility for e-adjudication of company law violations entirely in the virtual mode before the end of this financial year, the ... Read More

Govt may add more income tax slabs in new exemption-free regime

new Delhi, Jan. 25 -- The government has held extensive discussions over the past few weeks to overhaul the new personal income tax regime without exemptions, with a new plan expected to be announced ... Read More