The current Income Tax rates are 5 per cent plus 4 per cent cess for people earning between Rs 2.5 lakh and Rs 5 lakh, 20 per cent plus 4 per cent cess for incomes of more than Rs 5 lakh up to Rs 10 lakh, and 30 per cent plus 4 per cent cess for those earning over Rs 10 lakh.
Moody’s projects a budget deficit of 3.7 per cent of GDP in the year through March 2020.
Four years after the Foreign Exchange Management Act, 1999 (Fema) was amended to switch control on equity inflows from the central bank to the North Block, the finance ministry has finally notified Foreign Exchange Management (Non-debt Instruments) Rules, 2019 that deals with all forms of non-debt investments.
The government wants a more balanced principle for the taxation based on place of revenue generation.
The govt panel is considering a reduction in the total incidence of taxation to help the troubled sector.
More sops will mean raising tax on super-rich or cutting welfare spend, both of which are not feasible.
The SEC has initiated a probe against the company following the complaint that has alleged 'unethical practices' by the top management of Infosys, listed in India and the US.
The country allows up to 49% foreign direct investment (FDI) in defence in the automatic route and it needs government approval to go beyond the cap.
The Bombay High Court has set aside a National Anti-profiteering Authority order against Hardcastle Restaurants, a McDonald's franchisee that had earlier found it guilty of not passing on GST rate cut benefits of over Rs 7.49 crore to consumers.
Buyer may get airline’s master brand and logo along with the iconic Maharaja mascot.
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