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Union Budget 2014-15: Govt will not rely on retro tax amendment, says Jaitley

Union Budget 2014-15: Govt will not rely on retro tax amendment, says Jaitley

Last Updated: Thursday, July 10, 2014, 22:56

"Will this government rely on retrospective tax legislation. My answer is no."

Individual tax payers get relief of Rs 50 K in Jaitley’s Budget

Individual tax payers get relief of Rs 50 K in Jaitley’s Budget

Last Updated: Thursday, July 10, 2014, 19:22

Finance minister scaled down his own wishlist and proposed only Rs 50,000 relief for individual tax payers.

Vodafone to continue international arbitration on tax case

Vodafone to continue international arbitration on tax case

Last Updated: Thursday, July 10, 2014, 18:19

The minister said the sovereign right of the government to undertake retrospective legislation is unquestionable.

Union Budget 2014: APAs to cover previous 4 yrs deals, to reduce TP disputes

Union Budget 2014: APAs to cover previous 4 yrs deals, to reduce TP disputes

Last Updated: Thursday, July 10, 2014, 18:03

With regard to arm's length price for computing tax liability under the transfer pricing rules, he said a new "range concept" would be introduced in line with the international practices.

Budget will give impetus to people’s participation: Narendra Modi

Budget will give impetus to people’s participation: Narendra Modi

Last Updated: Thursday, July 10, 2014, 18:01

Prime Minister Narendra Modi on Thursday termed the Budget as one that converts hopes and aspirations of the people into trust.

Union Budget 2014: Experts say personal tax sops to boost savings, consumption

Union Budget 2014: Experts say personal tax sops to boost savings, consumption

Last Updated: Thursday, July 10, 2014, 17:54

KPMG India personal taxation partner Vikas Vasal said, "Tax relief provided to individuals is welcome especially when the government faced tough macroeconomic situation."

PPP is new mantra for infra in Jaitley's maiden budget

PPP is new mantra for infra in Jaitley's maiden budget

Last Updated: Thursday, July 10, 2014, 17:32

Asserting that lack of infrastructure will not be allowed to hit growth, government on Thursday announced a slew of steps to fast-track projects mostly in public-private-partnerships, which finds renewed focus in Finance Minister Arun Jaitley's maiden Budget.

Govt raises foreign investment limit in defence to 49%

Last Updated: Thursday, July 10, 2014, 17:13

In order to boost manufacturing and reduce import dependence, the government on Thursday proposed to raise the foreign investment limit to 49 percent in the defence sector.

J-K benefits with Rs 500-cr package for Kashmiri migrants, IIT

J-K benefits with Rs 500-cr package for Kashmiri migrants, IIT

Last Updated: Thursday, July 10, 2014, 17:11

A Rs 500-crore package for rebuilding the lives of Kashmiri migrants was among the slew of measures announced in this year's Union budget for Jammu and Kashmir.

FDI in realty, tax sops for REITs to boost housing segment

FDI in realty, tax sops for REITs to boost housing segment

Last Updated: Thursday, July 10, 2014, 17:02

In a slew of measures to boost slowdown hit real estate sector, the government on Thursday relaxed FDI rules, gave incentive on home loans, offered tax sops on investment trusts and provided Rs 7,060 crore for the development of 100 smart cities.

Budget release has been a flop show @Sensex

Budget release has been a flop show @Sensex

Last Updated: Thursday, July 10, 2014, 16:46

Out of the 14 instances, Sensex has tumbled on eight different occasions.

Domestic cos can obtain advance ruling on tax liability

Domestic cos can obtain advance ruling on tax liability

Last Updated: Thursday, July 10, 2014, 16:25

With Rs 4 lakh crore locked in litigations, Finance Minister Arun Jaitley Thursday proposed to allow domestic companies to obtain advance ruling with regard to their direct and indirect tax liabilities.