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No change in the rate of personal Income-Tax

No change in the rate of personal Income-Tax

New Delhi, Feb 28: The Union Finance Minister Arun Jaitley in his Budget Speech in Lok Sabha today proposed no change in the rate of personal Income-tax. He announced the tax proposals with no change in the rate of tax for companies in respect of the income earned in the financial year 2015-16, assessable in the assessment year 2016-17. However, ...

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Benefits to middle-class tax payers in the Budget 2015-16

Benefits to middle-class tax payers in the Budget 2015-16

New Delhi, Feb 28: Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exemptions and incentives to reduce tax disputes and improve tax administration. He said, with a view to encourage savings ...

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Facilities at Cultural World Heritage Sites are to be restored

Facilities at Cultural World Heritage Sites are to be restored

New Delhi, Feb 28: The Union Finance Minister Arun Jaitley has said that the facilities at India’s 25 Cultural World Heritage Sites are still deficient and require restoration. While presenting the General Budget 2015-16 in the Parliament today, the Finance Minister Jaitley has stated that the facilities like landscaping restoration, signage and interpretation centres, parking, access for differently abled, amenities ...

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Black Money Bill in the current session

Black Money Bill in the current session

New Delhi, Feb 28: The Union Finance Minister Arun Jaitley has said that a Bill to enact a new law to deal with black money is to be introduced in the current session of the Parliament. In his Budget Speech in the Lok Sabha here today, giving details of proposed key features of the law, the Finance Minister said this ...

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Corporate Tax to be reduced and GST to be implemented

Corporate Tax to be reduced and GST to be implemented

New Delhi, Feb 28: The Finance Minister Arun Jaitley has said that the Corporate Tax Rate is proposed to be reduced from the current 30% to 25% over the next 4 years. In his Budget Speech in the Lok Sabha here today, Jaitley said this is expected to lead to higher level of investment, higher growth and more jobs. The ...

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