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tax exemptions

Government has no plan to impose any tax on agriculture income: FM Jaitley

Jaitley said that as per the constitutional allocation of powers, the central government has no jurisdiction to impose tax on agricultural income.

Apr 26, 2017, 13:53 PM IST

Bring agriculture income under tax net, says NITI Aayog member

NITI Aayog member Bibek Debroy on Tuesday made a strong case for removal of exemptions on personal income tax and bringing agriculture under the tax net with a view to increasing the resources of state.

Apr 25, 2017, 19:16 PM IST

Finmin rejects Apple demands on tax; firm's manufacturing line this year

The Finance Ministry has rejected iPhone maker Apple's demand for tax exemptions for setting up a manufacturing unit in India saying that the decision will have to be taken up by the GST Council.

Apr 12, 2017, 19:21 PM IST

Budget 2016 to focus on reducing exemption, manufacturing

In order to attract foreign investment, Adhia said there was a need to do away with multiplicity of central and state government levies and the only solution to this is GST.

Feb 17, 2016, 16:54 PM IST

CBDT proposes roadmap for elimination of tax exemption

Preparing the ground for gradual reduction of corporate tax to 25 percent from 30 percent.

Nov 20, 2015, 21:57 PM IST

Policymakers need to change regulatory mindset: FM Jaitley

Finance Minister Arun Jaitley on Saturday said policymakers need to change their regulatory mindset asserting that role of state should be minimised and government monopoly must end wherever possible.

Sep 12, 2015, 20:36 PM IST

Corporate tax exemptions with sunset clauses may not be renewed

In order to phase out exemptions and move to lower corporate tax rate, the CBDT is considering not to renew tax exemptions after expiry of sunset clause.

Sep 10, 2015, 19:54 PM IST

Budget 2015: Tax exemptions for middle class

Increase in the limit of deduction in respect of health insurance premium from Rs 15,000 to Rs 25,000.

Feb 28, 2015, 13:26 PM IST

Seeking doubling of tax exemptions for differently-abled: Min

Union Minister for Social Justice and Empowerment Thaawar Chand Gehlot on Saturday said that his ministry has requested finance ministry to consider doubling the tax exemptions for differently-abled persons.

Jul 05, 2014, 15:52 PM IST

Prince Charles faces move to strip him of special legal privileges

Prince Charles is facing a campaign in the British parliament to strip him and his estate of special privileges including tax exemptions.

Mar 30, 2014, 21:51 PM IST

Brazil World Cup host city may `drop out` if `key legislation` not approved soon

The mayor of the city of Porto Alegre in southern Brazil, which is a venue for the 2014 FIFA World Cup, has admitted that his city may drop out from the World Cup roster if key legislation is not approved soon.

Mar 25, 2014, 11:53 AM IST

Budget 2013: BAI seeks hike in exemption limit on home loan interest

Builders' Association of India (BAI) on Sunday sought increase exemption limit on interest of home loans to Rs 3 lakh from the present Rs 1.5 lakh in the Union Budget to be presented next week.

Feb 24, 2013, 15:51 PM IST

Revenue foregone by govt due to tax exemptions double in 5 years

The amount of revenue foregone by the government due to tax exemptions more than doubled from Rs 65,587 crore in 2006-07 to Rs 1,38,921 crore in 2010-2011, a CAG report said on Tuesday.

Apr 24, 2012, 19:54 PM IST