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GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT

GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT

GAAR, it said, will come into force from April 1 and can be invoked only through a two-stage process involving a nod at the level of principal commissioner of income tax and a panel headed by a high court judge.

India among top six promising markets, but slips one notch India among top six promising markets, but slips one notch

India features among top six for global executives when it comes to overall growth prospects over the next 12 months, but enthusiasm for investing in the country has dropped from three years ago, finds out a survey.

Budget 2017: Expectations of students Budget 2017: Expectations of students

With just a fortnight left for the presentation of the Union Budget, students are hoping that the forthcoming Budget would see some special announcemts being made by the Finance Minister.

Budget 2017: Here's what Housewives expect Budget 2017: Here's what Housewives expect

Every household is run by the women on a certain Budget and the impact of the Union Budget is directly proportional with their expenditure.

Government likely to unveil money transfer scheme for poor, unemployed Government likely to unveil money transfer scheme for poor, unemployed

The government may soon facilitate an income transfer scheme paving the way for a national social security system for poor and unemployed in the country.

Despite note ban, Indian consumers most optimistic in Asia Pacific: Mastercard

Notwithstanding demonetisation, Indian consumers are the most optimistic in the Asia Pacific region and their outlook on economy and stock market showed highest levels of confidence, says a report.

Notes ban: I-T dept unearths Rs 1,550 crore stash pumped by entry operators, hawala dealers Notes ban: I-T dept unearths Rs 1,550 crore stash pumped by entry operators, hawala dealers

The Income Tax department Monday said it has unearthed a black money racket of over Rs 1,550 crore and a maze of shell firms and entities, perpetrated by entry operators and hawala dealers in the wake of demonetisation.

India's economy to grow at 7.8% in 2018 against China's growth rate of 6%: IMF India's economy to grow at 7.8% in 2018 against China's growth rate of 6%: IMF

The International Monetary Fund (IMF) on Monday forecast India's economic growth at 7.8 percent for the financial year 2018, way ahead of China's 6 percent growth for the same period.

GST: Centre, states reach consensus on dual control; rollout from July 1 GST: Centre, states reach consensus on dual control; rollout from July 1

The Centre and the states on Monday came to a consensus on dual control of the goods and services tax (GST) with the Centre agreeing to allow the states to control over small tax payers.

Budget 2017 Wishlist: Travel and tour operators seek tax sops for inbound tours Budget 2017 Wishlist: Travel and tour operators seek tax sops for inbound tours

Expecting attractive sops from the impending union budget, travel and tour operators have asked the government to exempt service tax on foreign exchange earned on inbound tours in the upcoming Budget.

IMF cuts India's growth rate to 6.6% from 7.6% due to impact of demonetisation IMF cuts India's growth rate to 6.6% from 7.6% due to impact of demonetisation

The International Monetary Fund (IMF) on Monday cuts India's growth rate to 6.6 percent from 7.6 percent due to impact of demonetisation taken by the Modi government in November.

Firming of crude prices in global markets will impact fuel prices in India: ASSOCHAM

Commenting on inflation and its impact on fuel prices, industry chamber ASSOCHAM on Monday said the firming of crude prices in the global markets will impact the fuel prices in India.

GST: Consensus on dual control reached, says Arun Jaitley GST: Consensus on dual control reached, says Arun Jaitley

In a major boost for the government, Finance Minister Arun Jaitley on Monday informed that a consensus between the state and the centre has been reached on dual control of the goods and services tax (GST).

Union Budget 2017: A Budget of many firsts Union Budget 2017: A Budget of many firsts

The presentation of Union Budget has a couple of factors for consideration this year that makes it distinct.

Commerce and Industry Minister signals start-ups may get tax benefits in budget Commerce and Industry Minister signals start-ups may get tax benefits in budget

Commerce and Industry Minister Nirmala Sitharaman today indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1.

RBI Governor to appear before PAC as scheduled on Jan 20: KV Thomas RBI Governor to appear before PAC as scheduled on Jan 20: KV Thomas

PAC Chairman K V Thomas today said a meeting with Finance Ministry officials has been deferred to February 10 in view of Budget preparations but RBI Governor Urjit Patel will appear before it as per schedule on January 20 on the demonetisation issue.

Ananth Kumar for simpler tax structure in pharma and chemicals industry Ananth Kumar for simpler tax structure in pharma and chemicals industry

Inverted tax structure in pharma, chemicals and petrochemicals industry needs to be rectified in the upcoming Budget, Chemicals and Fertiliser Minister Ananth Kumar said.

Budget 2017: Interesting facts about Union Budget

We have compiled a list of 50 lesser known Budget facts. The list is as follows:

Budget 2017: Know the Union Budget Trivia

Know the Union Budget Trivia

Budget 2017: Know the ABC of Budget

The Budget is full of technical jargons that are not so easy for the common man to understand.

Limited room to reduce fiscal deficit to 3% in FY'18: Moody's Limited room to reduce fiscal deficit to 3% in FY'18: Moody's

The government is likely to achieve its fiscal deficit target of 3.5 percent of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3 percent in 2017-18, Moody's said today.