Tax

Budget 2022: What Is Wealth Tax & Why Was It Abolished?

The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, HUFs or company. The wealth tax was levied on the net wealth of a person on 31 March of every year. Wealth tax was abolished in the Union Budget (2016–2017) presented by Union Finance Minister Arun Jaitley on 28 February 2016. It was then replaced with an additional surcharge of 2 per cent on the super rich with a taxable income of over 1 crore annually.

Jan 21, 2022, 12:40 PM IST

Budget 2022: What Is Gift Tax & Who Introduced It?

Gift Tax was introduced in 1958-59 by former prime minister Jawahar Lal Nehru. Nehru, who was also the finance minister at that time, presented the gift tax provision during the union budget presentation. Watch the full video to know why exactly this tax was introduced.

Jan 19, 2022, 20:42 PM IST

Swiggy, Zomato orders to cost more from Jan 1; check by how much your food orders could get expensive

Online food orders from Swiggy and Zomato are all set to be treated on par with restaurant dine-in orders from January 1 2022. 

Dec 30, 2021, 19:10 PM IST

5 things will be costlier from 1 January 2022 due to change in GST rates

There are going to be many major changes in GST from January 1, 2022. This after the GST Council had decided to change the rate of tax on some goods during the meeting in September, according to which these changes in tax will be applicable from January 1.

Dec 29, 2021, 15:56 PM IST

Booking Auto via Ola-Uber? Get ready to pay 5% GST

While passenger transportation services provided by auto-rickshaw drivers in manual or offline mode will remain exempted, services provided through any online marketplace will be tax-deductible at a rate of 5% beginning January 1, 2022.

Nov 27, 2021, 09:07 AM IST

New Income Tax portal glitch: Infosys responds after FM Sitharaman flags issue

On Tuesday, Sitharaman had asked Infosys and its Chairman Nandan Nilekani to fix technical glitches being encountered on the income tax department's new e-filing website, after users flooded her Twitter timeline with complaints.

Jun 09, 2021, 15:40 PM IST

From Jeff Bezos to Elon Musk, several billionaires paid no income tax for THESE period

Overall, the richest 25 Americans pay less in tax  15.8 per cent of adjusted gross income  than many ordinary workers do, once you include taxes for Social Security and Medicare, ProPublica found.

Jun 09, 2021, 12:01 PM IST

What is a Digital Signature Certificate, why do we need it and how to get it?

While the physical documents are signed manually, electronic documents, for example e-forms are required to be signed digitally which can be used to authenticate important documents.

Jun 09, 2021, 11:10 AM IST

What are the new rules regarding Provident Fund in Budget 2021?

The contribution of Provident Fund in Budget 2021 has also been brought under the tax net. The interest received on the contribution of more than 2.5 lakhs in PF will be taxed. The purpose of this proposal of the government is to impose a tax on the employed people who get big salaries.

Feb 02, 2021, 23:44 PM IST

Exclusive Interview : Watch Ravi Shankar Prasad on Made in India

Exclusive Interview of Ravi Shankar Prasad on Made in India and Digital India. Watch Full Interview.

Feb 02, 2021, 15:28 PM IST

Exclusive : Smriti Irani on Textile Industry

Watch Exclusive Interview of Smriti Irani on Textile and Atmanirbhar Bharat.

Feb 02, 2021, 15:20 PM IST

Exclusive : Prahlad Singh Patel on Tourism, talked about 2 new policies

Watch Prahlad Singh Patel full interview after budget on Zee News.

Feb 02, 2021, 15:12 PM IST

Watch Budget 2021 Special Deshhit; Feb 01, 2020

Watch this video to know the top stories related to Budget 2021-22 in detail.

Feb 01, 2021, 21:32 PM IST

Answer to every question related to Union Budget 2021

Answer to every question related to Union Budget 2021 presented by Finance Minister Nirmala Sitharaman in Parliament of India on Monday morning.

Feb 01, 2021, 20:46 PM IST

Exclusive: Know what Baba Ramdev says on Union Budget 2021

In this video, watch what Baba Ramdev said on Union Budget 2021, earlier on Monday presented by Finance Minister Nirmala Sitharaman in the Parliament of India.

Feb 01, 2021, 18:48 PM IST

Taal Thok Ke: Is it just cry written in middle-class' luck?

In this segment of Taal Thok Ke, we bring you a panel discussion on concurrent issues. Today's topic of debate: Is it just cry written in middle-class' luck?

Feb 01, 2021, 18:46 PM IST

Which sector got what in Budget 2021?

Addressing reporters after presenting the budget, Nirmala Sitharaman said that due to what we saw last year, the health sector has been given a big space in the budget 2021-22. The objectives include the establishment more laboratories, National Institutes for the medical field.

Feb 01, 2021, 18:06 PM IST

Budget 2021 more inclined towards infra and health sector: Nirmala Sitharaman

Addressing reporters after presenting the budget, Nirmala Sitharaman said that due to what we saw last year, the health sector has been given a big space in the budget 2021-22. The objectives include the establishment more laboratories, National Institutes for the medical field.

Feb 01, 2021, 16:58 PM IST

PM Modi on Budget 2021: Special attention on women in this budget

Prime Minister Narendra Modi while giving his response on Budget 2021 said that the concept of self-reliant India is the foundation of this budget. This will not put any burden on the common man. This budget will lead to development in all areas.

Feb 01, 2021, 15:52 PM IST

Union Budget 2021: Elderly people above 75 years will not have to pay any tax

Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.

Feb 01, 2021, 15:26 PM IST