Sources say no major tax rate rationalisation is expected until general elections are over in May next year
The indirect tax revenue target for FY24 is set at Rs 15.37 trillion, against the actual receipts of Rs 13.91…
Tax rate zero since May 15; no plan to withdraw the policy
“The appeal will be filed soon against the Karnataka High Court order. Also, similar cases pending in other high courts…
The outlay for the current year is Rs 1.3 trillion, with an untied component of Rs 1 trillion.
As per the norms, tax devolutions to states are made in 14 instalments in a year, with four instalments released…
From April, states also have to pay 7% penal interest for delay in using funds
More FAQs soon to address concerns, says official
“Domestic industry, services, GST collections, bank credit growth, all of these are pointing towards good growth momentum in 2023-24 as…
Move to increase chances of nod to resolution plans
In April 2023, the Centre’s fiscal deficit was 78% higher on year at Rs 1.3 trillion or 7.5% of the…
The Centre has increased its reliance on the National Small Savings Fund (NSSF) to finance its fiscal deficit.
FY23 subsidies up 19% to `2.8 trn; poll freebies to see a spike going ahead
The monetisation of public-sector brownfield assets unlocked capital worth Rs 1.4 trillion in FY23, up 44% on year. The achievement…
CBDT amends taxation rules for notional gains over acquisition price.
Benefitting from the positive surprise for Q4, the FY23 GDP growth of 7.2% exceeded the advance estimate of 7% by…
Officials aware of the development said that Tesla is expected to get back with its detailed India plan, outlining the time it…
Despite a fiscally sweet spot, states’ capital expenditure remained subdued in the financial year that ended on March 31 (FY23)…
