Budget 2017 news

Download Amendments to Finance Bill 2017 As Introduced In Lok Sabha

Union Government has proposed several amendments to Finance Bill 2017 presented in Lok Sabha on 01.02.2017 by introducing notice of amendment to finance bill 2017 Lok Sabha on 01.02.2017. Some of the important amendment proposed are as follows :- 1. Appointment of, and remuneration to, the ITAT Member 2. Make Aadhar card mandatory for fil...

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Posted Under: Income Tax |

ICSI Invites Suggestions for Post-Budget Memorandum 2017-18

As you all are aware that the Union Budget 2017-18 presented in the Parliament on 1st February, 2017 contains various proposed changes in the Finance Bill, 2017. The Institute has submitted the Pre-Budget Memorandum 2017-18 to the Ministry of Finance on 31st October, 2016. ...

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Posted Under: Income Tax |

ICAI submits Post-Budget Memorandum-2017

In this memorandum, suggestions on the specific clauses of the Finance Bill, 2017 relating to Income-tax Act have been given in detail....

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Posted Under: Income Tax |

No proposal to levy 5% service tax on healthcare services

Central Government has clarified that there is NO proposal in the Union Budget 2017-18 to levy 5% Service Tax on Healthcare Services, as reported in certain Social Media circles....

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Posted Under: Income Tax |

Need to raise Personal Income Tax-GDP ratio : Revenue Secretary

Most challenging task for the government is to increase the share of personal income tax in GDP, which at present was abysmally low. He said that personal income tax has a share of a mere two per cent, which needs to be raised substantially. ...

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Posted Under: Income Tax |

Budget 2017 focuses on educational empowerment & skill development of Minorities

Shri Mukhtar Abbas Naqvi has said that the Union Budget (General) 2017-18 will be helpful in socio-economic-educational empowerment of Minorities. Shri Naqvi said that the Budget of Minority Affairs Ministry has been increased to Rs 4195.48 crore for 2017-18. This is Rs 368.23 crore more than 2016-17 Budget of Rs 3827.25 crore with an inc...

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Posted Under: Income Tax |

RRT should be significantly linked to fiscal & governance efforts

The Economic Survey 2016-17, which was presented today in parliament by the Finance Minister Shri.Arun Jaitly, examines whether the effects associated with the aid curse and the “natural resources curse” internationally are discernible in the context of the Indian States. ...

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Posted Under: Income Tax |

Adverse impact of demonetisation on GDP will be transitional

GDP growth in 2017-18 is projected at 6 ¾ to 7 ½ percent Post-demonetisation. Middle class to get affordable housing due to fall in Real Estate prices. Remonetisation to eliminate cash squeeze by April 2017....

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Posted Under: Income Tax |

Business like budget; high on reforms, rural demand & infra

ASSOCHAM congratulated PM and FM for giving a truly workman and business-like Budget, with a great focus on rural economy, small and medium enterprises, small income tax payers and importantly bringing reforms in political funding....

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Posted Under: Income Tax |

Budget 2017 directionally correct, fiscally prudent : FICCI

Union Budget 2017-18 will strengthen the economic muscle of the country It is directionally correct, fiscally prudent and strengthens the governance fabric of the nation...

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Posted Under: Income Tax |
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