The impact of the slump in the Indian economy gives the second blow affecting the Budget net direct tax target in the first five and half months of this 2019-20 fiscal year that misses its full-year target of 17.5% to just 4.7%.
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A new provision has been inserted in the Income Tax Act with effect from fiscal year 2019-20, which allows any domestic company an option to pay income tax at the rate of 22%(subject to condition). Moreover, local companies incorporated after…
Indicating no roll back of the income tax surcharge on the super rich imposed in the budget, Finance Minister Nirmala Sitharaman on Thursday ruled out any adverse impact of it on investor confidence and said the fears of flight of capital are unfounded.
The former CEO of the cab aggregator company has also come out alleging financial anomalies by the promoters of the firm.
With an economy in disarray, the budget highlights an effort to rack up resources and tackle the fiscal deficit by hiking taxes – and it squeezes the honest salaried taxpayer.
Business Wire India London, New York, Tokyo, Paris and Singapore once again emerged as the world’s most comprehensively attractive cities, in that order, in the Global Power City Index (GPCI) 2020 report. This report is published by The Mori Memorial…
As the country awaits major economic relief. At a time when the markets are stuttering in one of the worst slowdowns. Here’s what India Inc. expects from the Union Budget 2020.
India plans to spend Rs 100 lakh crore on building and upgrading public infrastructure over the next five years, Finance Minister Nirmala Sitharaman said on Tuesday and asked multinational corporations to participate in various upcoming greenfield and brownfield projects.
Finance Minister Nirmala Sitharaman on Monday said that the government is committed to provide energy security to India.