TDS, expanded as Tax deducted at source is a type of indirect tax administered by the Central Board of Indirect Taxes. Under the system of TDS, the person making some specified kind of paym...
Even as Indian publishers are grappling with a budget proposal of 5 per cent customs duty on imported books, in close neighbour Nepal, a 10 per cent duty on imported titles has left publish...
Both Sensex and Nifty gave up the initial gains as Nirmala Sitharaman delivered her budget speech. The Benchmark index gave up the morning gains and fell to the day's low, down over 400 poi...
Petrol and diesel prices are set to increase from Friday midnight as Finance Minister Nirmala Sitharaman announced an additional special excise duty (SAED) of Re 1 and a road and infrastruc...
The Indian government released Union Budget for 2019-20 on 5 July, allocating ₹948 billion to the education sector. In 2018, the country allocated ₹850 billion to the education fund, which ...
Finance Minister Nirmala Sitharaman income tax deduction of ₹1.5 lakh on the interest paid on loans taken to purchase electric vehicles. Under the Phase II of the FAME Scheme, the governmen...
Public sector banks will be given ₹70,000 crore capital to boost credit growth in the country. Government will start raising a part of its borrowings in external markets. One-time six month...
There is no change in the income tax slabs for the common citizen but Union Budget has introduced savings from home loans and more tax on the super rich. Housing loans will be now be deduct...
Finance Minister Nirmala Sitharaman resolved the angel tax issue by saying that the startups and investors who have filed returns will not be scrutinised. The startups will also not be requ...
The government set a target to raise ₹1,05,000 crore by selling stakes in public sector companies Will look at consolidation of non-finance PSUs, says FM Will revive plans to sell stake in ...
In the union budget for 2019-20, Finance Minister Nirmala Sitharaman announced a National Research Foundation (NRF). The Indian government will fund, coordinate and promote research in the ...
During the Union Budget 2019, Finance Minister Nirmala Sitharaman said that an exclusive television channel will be set up for Indian startups. This channel will discuss promotion and growt...
Finance Minister of India, Nirmala Sitharaman reiterated the need for sustainable water management system in India. The government has already identified 1592 block in 256 districts which a...
New Space India Limited (NSIL) will be the Indian Space Research Organisation’s (ISRO) new commercial arm. During the Union Budget 2019, India’s finance minister — Nirmala Sitharaman — anno...
The country will add 1.25 lakh kilometers of roads under phase III of PM Gram Sadak Yojana spending ₹ 80,250 crore. While presenting budget allocation for the ministry of roads and highways...
In the Union Budget 2019, Finance Minister Nirmala Sitharaman said Indian railways will see public private partnerships for faster development and completion of projects. The capital expend...
Nirmala Sitharaman has started the budget day with a new look. She has junked the traditional briefcase that has been carried by her predecessors for a red cloth covering the budget documen...
By 2022, all villages will have water, electricity and clean cooking facilities. Additional deduction of up to ₹1,50,000 for interest paid on loans borrowed up to March 31, 2020 for purchas...
India’s spending on the public health care is estimated only at about 1.3 of its GDP. This is a thoroughly discouraging figure when compared to what the other BRICS countries are spending. ...
The first fulltime Woman Finance Minister Nirmala Sitharaman is all set to announce the first annual budget of Modi government’s second tenure. Here we discuss why the salaried employees ne...
Millions of Indians are looking for changes in income tax slabs hoping for more disposable income. Finance Minister Nirmala Sitharaman's budget speech will be a tightrope walk that will hav...
While a number of military modernization programs are long pending for want of funds, analysts are of the opinion that India needs to allot more funds for the defence. While the budget 2019...
Tax saving is a tricky subject and needs a lot of planning. By learning the intricacies in the taxation laws and studying your own situation in relation to the taxation laws will enable you...
The 2019 budget to be announced on July 5, 2019 will be the first full budget of its second term in the country’s governance. Incidentally this budget will also be the first one to be prese...
The Indian government will release the Union Budget for this year on 5 July. In 2018, the country allocated ₹850 billion to the education fund, which was increased by 10% in 2019 at ₹938 bi...
