New Delhi: The traditional ‘halwa ceremony’ ahead of the Union Budget 2022-2023 was not observed this year. The custom that marks the final leg of the budget preparation exercise was replaced by distribution of sweets to the core staff. In 2021, the ceremony took place nine days ahead of the budget presentation. The decision to…
New Delhi: The Budget Day is the most important day for any Finance Minister as it evaluates his/her performance, in Parliament by the Opposition and by the public at large. Every Finance Minister starts his/her Budget day with Ganesh puja at the corridors of the Finance Ministry of the North Block, offering flowers to the…
President Kovind lauds Centre’s welfare schemes, says India running world’s largest food distribution drive New Delhi: The Union Budget session this year is a 79-hour window for the government to conduct legislative business and both houses will sit one hour less per session of the total 27 sessions due to staggered sittings amid the COVID-19…
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…
Bengaluru: 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….
By 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…
Mysuru/Mysore: Former President of Federation of Karnataka Chamber of Commerce and Industries (FKCCI) Sudhakar S. Shetty has stated that the recently presented Union Budget gives a modern touch to the taxation system. He was speaking at ‘Budget Talk-2020’ (on Union Budget), an event organised by Mysore Chamber of Commerce and Industry (MCCI) and Pooja Bhagavat…
Mysore/Mysuru: “Like previous budgets, there were no big bang announcements in this year’s Union budget. The Government has done well to categorise its priority areas at a high level under agriculture, economic development and education and then further sub-divide each of these as action plans,” said Bhaskar Kalale, Chairman, Confederation of Indian Industry (CII), Mysuru….
10% for income between Rs. 5 lakh and Rs. 7.5 lakh against 20% 15% for income between Rs. 7.5 lakh and Rs. 10 lakh against 20% 20% for income between Rs. 10 lakh and Rs. 12.5 lakh against 30% 25% for income between Rs. 12.5 lakh and Rs. 15 lakh against 30% Government to sell…
Dividend Distribution Tax for companies abolished New Delhi: Union Finance Minister Nirmala Sitharaman sought to assure the people that schedule commercial banks and depositors money is absolutely safe and that a robust mechanism is in place to monitor them. The assurance comes at a time when depositors, especially senior citizens, are worried about the fate…
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