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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Budget 2019: Amnesty scheme for excise, service tax cases to unlock Rs...

The relief proposed under scheme varies from 40 pc to 70 pc of the tax dues for cases other than voluntary disclosure...

5 July 2019 3:26 PM IST

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Budget 2019: Govt to provide credit guarantee to PSBs to buy NBFC...

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

5 July 2019 3:06 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Budget 2019: High-end income group people need to pay 3 pc to 7 pc...

Budget 2019 proposes to make return filing compulsory for persons, who have deposited more than Rs 1 cr in a current...

5 July 2019 2:57 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Budget 2019: For every rupee in govt kitty, 68 paise come from taxes

Corporation tax is the single largest source of income, contributing 21 paise to each rupee earned.

5 July 2019 2:57 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Budget 2019: Cess on petrol, diesel hiked by Re 1 per litre

Finance minister also announced TDS of 2 per cent on cash withdrawal of more than Rs 1 crore from a bank account.

5 July 2019 2:26 PM IST

Rs 10 coins (Photo: PTI)

Budget 2019: Govt to soon put in circulation new series coins of up to...

These new coins will be made available for public use shortly, said Finance Minister Nirmala Sitharaman.

5 July 2019 2:20 PM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Budget 2019: Govt lower fiscal deficit target to 3.3 per cent for FY20

The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.

5 July 2019 2:12 PM IST

The government may shortly include Aadhaar card as a valid document for filing income tax returns. (Photo: PTI/File)

Budget 2019-20: Those without PAN can now file returns using Aadhaar

On Thursday, the Lok Sabha passed by voice vote the Aadhaar and Other Laws (Amendment) Bill, 2019.

5 July 2019 2:02 PM IST

A reduction in MCLR helps all new borrowers get the benefit of lower interest rates for all kinds of loans. (Representational image)

Additional tax deduction of Rs 1.50 lakh on interest on home loans...

Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric...

5 July 2019 1:38 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Budget 2019: Firms with turnover of Rs 400 cr to pay lower 25 pc...

Only 0.7 per cent of the companies will now remain outside the 25 per cent corporate tax bracket, says Sitharaman.

5 July 2019 1:26 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Budget2019: Sitharaman earmarks Rs 70,000 crore for public sector...

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

5 July 2019 1:12 PM IST

Traders warn that there could be a shortage of essential commodities like milk, vegetables and medicines from Monday.

Budget 2019: Pension benefit to be extended to around 3 cr retail...

Rs 350 crore allocated for 2 per cent interest subvention for all GST-registered MSMEs on fresh or incremental loans.

5 July 2019 1:07 PM IST