NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday urged the income tax department to follow a faceless, fair and friendly regime and ensure that communication was in simple language that did not frighten taxpayers.While thanking honest taxpayers at the 165th Income Tax Day celebrations, FM stated there were almost 59 lakh first time tax filers…
NEW DELHI: Govt and RBI on Saturday asked banks to sharpen focus on deposit mobilisation, by deploying innovative tools and tackling competition from other investment products, while refusing to step in with policy interventions. RBI has expressed concern over lending growth being faster than the rise in deposits for several months and finance minister Nirmala…
NEW DELHI: Hitting out at the Opposition over the demand for doing away with GST on health and life insurance, FM Nirmala Sitharaman on Wednesday said around three quarters of the revenue collected goes to the states and those who are protesting should take up the matter with their state finance ministers.“I want to raise…
NEW DELHI: Govt has decided to rework its proposal on long-term capital gains tax for real estate by providing individuals and HUFs the option to pay tax along with indexation benefit at 20%, or at 12.5% without indexation, depending on where they are better off. The tweak — for properties acquired before July 23, 2024…
Budget 2024 capital gains tax changes: The Narendra Modi government is considering suggestions for tweaks in the new long term capital gains tax regime that was announced by FM Nirmala Sitharaman in Union Budget 2024.The July 23 budget reduced the LTCG tax on property from 20% to 12.5%. The indexation benefit, which allowed taxpayers to…
NEW DELHI: The Congress on Wednesday targeted the BJP over road transport and highways minister Nitin Gadkari‘s letter to finance minister Nirmala Sitharaman, calling it a “sure sign of internal dissent and rumblings” against Prime Minister Narendra Modi. In his letter, Gadkari requested Sitharaman to withdraw the 18 per cent Goods and Services Tax (GST)…
NEW DELHI: In a strong message to investors and opponents, PM Modi Tuesday said his govt was not lacking in political will to take decisions based on a “nation first” approach and urged “wealth creators to be the primary driving force” of development, in what was seen as a retort to Congress’s repeated allegations of…
NEW DELHI: Nirmala Sitharaman on Tuesday hit back at Rahul Gandhi over his “Budget ka halwa” jibe and said the leader of opposition had mocked a tradition which has been integral to Budget making since the 1980s and has over the years become an important ritual.In her speech in Lok Sabha, the FM also took…
NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday took a dig at Congress leader Rahul Gandhi over his “Double A and A1,A2” jibes at the BJP-led NDA government as she reminded the Congress leader about the recent milestone reached at Vizhinjam International Seaport in Kerala which welcomed its first mothership, ‘San Fernando’. Rahul, who…
NEW DELHI: Finance minister Niramala Sitharaman, replying to the opposition on the Union Budget on Tuesday, took a veiled dig at senior Congress leader P Chidambaram, saying the “Harvard and Oxford educated” leaders failed to contain the inflation as they adopted “reckless policies”.Sitharaman said the nation witnessed double-digit inflation during the UPA era as the…
