No changes in Income Tax slabs Senior citizens who only have pension and interest income need not file IT Returns New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22 in the Parliament this morning. In significant changes to taxation process, she announced scrapping of Income Tax for senior citizens under certain conditions. Salaried…
FM replaces Bahi Khata with ‘Made in India’ tablet
February 1, 2021New Delhi: The Union Budget 2021 was presented in paperless form for the first time, with Union Finance Minister Nirmala Sitharaman seen holding a ‘Made in India’ tablet in a red case instead of the conventional brown briefcase or ‘bahi khata’ as she posed for the media ahead of Parliament session. The colonial legacy of…
Rs. 2.2 lakh crore for health; Rs. 35k crore for COVID vaccines
February 1, 2021Rs. 1.1 lakh crore for Railways New Delhi: The Government has put a big focus on healthcare in the Union Budget amid the Coronavirus pandemic. In the Union Budget 2021 presented this morning, Finance Minister Nirmala Sitharaman announced the ‘PM Aatmanirbhar Swasth Bharat’, to be launched with an outlay of Rs. 64,180 crore over six…
Union Budget 2021-22 Expectation: Reduce tax to curb illegal trade and boost consumer confidence – Malabar Group
January 16, 2021Bengaluru: As part of the Union Budget 2021-22 expectations, Malabar Group Chairman M.P. Ahammed has urged the Government that tax rate including import duty on gold and GST should be reduced to 7 percent to curb large scale gold smuggling in the country, boost gold trade and strengthen consumer confidence and demand for gold jewellery….
Understanding the Union budget
January 4, 2021By Dr. R. Balasubramaniam The Union budget of India arouses not only interest but passionate debate across the country. From Corporate czars to the experts on television shows, to the man on the street, everyone likes to comment on the Union budget. Each one tends to see it from their own perspective and form opinions…
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