NEW DELHI: Ahead of discussions on rate rationalisation by the GST Council, finance minister Nirmala Sitharaman on Tuesday said that even states were cautious on moving ahead with rate cuts.“I am not blaming them…they want revenue without burdening the people…when they sit there, they know their job is not to please anyone but protect revenue,”…
Zoya, the luxury jewellery brand from the House of Tata, recently opened its 11th store in Chennai. The brand plans to take the total store count to 15 by the end of this fiscal year. The brand believes that it is well positioned for strong growth and expansion. “In the next 5-10 years, there will…
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…
