Budget 2017 should look to make the National Pension Scheme (NPS) more tax-friendly and make it part of the EEE (Exempt, Exempt, Exempt) regime, recommends FICCI.
Fiscal deficit touched the Rs 4.58 lakh crore mark, or 85.8 per cent of the budget estimate (BE) for the whole financial year, at the end of April-November.
Budget 2017 looks all set to bring in cheer for Railway coolies, with the Narendra Modi government looking to bring them under social security net of EPFO.
While others are expecting a tax friendly Budget 2017, Rakesh Jhunjhunwala is not expecting any tax relief from FM Arun Jaitley.
Demonetisation of high value currency notes has paved the way for cutting corporate income tax in the forthcoming union budget 2017-18, industry chamber said on Sunday.
Finance Minister Arun Jaitley should double the basic income tax exemption limit to Rs 5 lakh per year and raise the ceiling for claiming deduction under Section 80C to Rs 2.50 lakh, according to a survey by tax consultant Deloitte.
Piyush Goyal, Power and Energy minister is looking forward to some sops for the power sector in the upcoming Budget 2017.
Budget 2017: Suresh Prabhu-led Indian Railways is unlikely to get as much gross budgetary support as it is seeking from the Finance Ministry.
Stating that FM Arun Jaitley should look at reducing tax rate in Budget 2017, Keki Mistry, Vice Chairman and CEO, HDFC said that housing sector may get a lot of focus in the upcoming Budget.
FICCI has urged Finance Minister Arun Jaitley to revise the current income tax slabs and bring them at par with international standards.
In its pre-Budget memorandum, FICCI has urged Finance Minister Arun Jaitley to raise the deduction for interest paid under Section 24 to Rs 3 lakh.
Rashesh Shah, Chairman and CEO, Edelweiss Group on Thursday said that individual tax rate may come down for the salaried and middle class in Budget 2017.
Rahul stressed on the point that the limit on Rs 24,000 should be withdrawn, as he believes that by putting this limit the government is snatching away the financial independence of the people
Budget 2017 will be taxpayer friendly and it may focus on sectors like agriculture, MSME and housing, says a report.
There is a lot of buzz around Budget 2017 which might be presented on February 1. Quantum Securities on Wednesday said that they expect a landmark Budget with radical measures.
The textile ministry will likely see a substantial jump in fund allocation for it in the coming Budget as the government steps up focus on labour-intensive sectors.
To harmonise the peak customs duty on industrial goods at 7%, Prime Minister Narendra Modi met economists and sector-experts ahead of the Budget 2017-18.
Speaking on budget related issues, the NITI Aayog vice chairman said: “There was discussion on how to bring down the tax rate.”
Prime Minister Narendra Modi today said advancing the date of budget presentation would help getting funds authorised for different sectors at the start of the financial year.
Economists and experts at NITI Aayog on Tuesday discussed steps that could be taken in the upcoming Budget 2017.
The government is in a “sweet spot” in terms of fiscal situation and has space to roll out stimulus in the Budget for FY18, Madhusudan Kela said.
The departments of commerce as well as industrial policy and promotion are focussing on measures that are important and yet have “limited budget implications.”
As the Budget 2017-18 is drawing closer, a significant moderation in the direct tax incidence on a vast majority of taxpayers is increasingly looking certain.
GJF Chairman GV Shridhar said the government should consider increasing the amount beyond which PAN card is necessary for purchase of gold and jewellery to Rs 5 lakh.
Nilesh Shah, MD, Kotak AMC on Thursday said that Budget 2017 needs to boost the consumer sentiment by cutting taxes.
Naveen Patnaik today said the state generates an annual revenue of over Rs 15,000 crore for Indian Railway and sought a Rs 5,870 crore package for development of railway infrastructure in the state.
FE Online decided to ask tax experts on how realistic is it to expect such a massive increase in the exemption limit.