[ad_1] MUMBAI: Govt has decided against the merger of non-life public sector companies as proposed in the Budget of FY19. This was disclosed by the department of financial services to the parliamentary standing committee on finance. The decision gains significance in view of the fact that govt had earlier attributed part of their losses to…
[ad_1] NEW DELHI: The existing taxation structure for corporates with a 22% tax is “very reasonable” when compared to an economy of the size of India and hence the concessional tax regime which was in force for four years for new manufacturing units was not extended beyond March 2024, revenue secretary Sanjay Malhotra said. In…
[ad_1] MUMBAI: A day after the interim Budget, the sensex swung wildly before closing 0.6% higher on the back of heavyweights like Reliance Industries, Infosys and TCS.On Friday, boosted by overnight gains in the US and early gains in Asian markets, the sensex opened higher and by mid-session was up more than 1,400 points or…
[ad_1] Income Tax Changes Budget 2024: In the recent Budget 2024 speech, the Finance Minister kept the Section 80C tax deduction limit unchanged. The maximum limit for claiming tax benefits under Section 80C remains at Rs 1.5 lakh for the current fiscal year 2023-24 and will stay the same for individuals looking to save on…
[ad_1] NEW DELHI: An analysis of budget expectations of senior citizens draws attention to their concern over accessible infrastructure and high rates of GST applicable on many of the services and products used by the elderly among other things.The analysis, based on a survey by Agewell Foundation involving interactions with 10,000 elderly persons from across…
[ad_1] MUMBAI: The growth rate of the combined revenue receipts of the 16 largest states has fallen by almost 80 per cent to 5 per cent during April-November from the budgeted 17.4 per cent for the current fiscal, according to a report. The states have so far borrowed over 37 per cent more than they…