Budget 2020: Tax payers confused about which tax slab to follow

Feb 04, 2020

The income tax provisions in the Union Budget 2020 have given taxpayers a bonanza with a caveat. While the income tax slabs have been overhauled with reduced rates, the majority of the deductions have been removed. Tax payers are unsure about which slabs to opt for. Watch the video for more.

Senior Director, Deloitte India on changes proposed in indirect taxes by FM

Feb 02, 2020

R. Muralidharan, Senior Director, Deloitte India decoded the changes proposed by Nirmala Sitharaman in indirect taxes, hailing some of the initiatives. He said there was too much focus on tax compliance. She spoke about GST returns and refunds. He also praised the steps being taken to encourage domestic manufacturers. Watch the video for more.

Budget 2020: FM Sitharaman announces new income tax rates

Feb 01, 2020

Finance Minister Nirmala Sitharaman has announced new income tax rates during the session of Budget 2020. Those earning Rs 5-7.5 lakh would be liable to pay just 10 per cent, while those earning up to Rs 5 lakh in a year would pay no tax. The rates would be significantly reduced for those who forego reliefs, exemptions, Sitharaman said. While the government had announced changes in the tax slabs by raising income tax slabs, those availing these new slabs would not be eligible for rebates and exemptions. "In this new personal income tax regime, income tax rates will be significantly reduced for the individuals who forgo certain exemptions and deductions," the FM said. Watch the video for more.

Budget 2020: Decoding the infrastructure boost

Feb 01, 2020

India will get 100 more airports by 2024 under the UDAN (Ude Desh ka Aam Naagrik) regional connectivity scheme, Finance Minister Nirmala Sitharaman said on Saturday during her Union Budget 2020 speech. Two other major infrastructure announcements included the proposed completion of the Delhi-Mumbai expressway by 2023, and the launch of Chennai-Bengaluru expressway. Sitharaman proposed an outlay of Rs 1.7 lakh crore for transport infrastructure in 2020-21, and Rs 22,000 crore for the power and renewable energy sector. Peeyush Naidu, Partner, Deloitte India analyses FM's infrastructure push.

Budget 2020: The new personal income tax regime explained

Feb 01, 2020

Finance Minister Nirmala Sitharaman has introduced fresh changes in the existing income tax slabs. The new slabs have significantly reduced the taxes for most income brackets. Watch Sudhakar Sethuraman, Partner, Deloitte India, as he explains the new personal income tax regime.

Also watch: Budget 2020: Why skill development is a necessity

Also read: Big blow to NRIs! Modi govt to tax individuals who work in tax-free countries

Piyush Goyal on private investment, stock market fall and way forward

Feb 01, 2020

After the budget presentation, India Today News Director Rahul Kanwal spoke exclusively to Union commerce minister Piyush Goyal about his takeaways from the budget. Watch the video for more.

Also read: Budget 2020: FM Sitharaman pushes for building warehousing on PPP model

Also watch: Budget 2020: The new personal income tax regime explained

Govt has given up on economy, handing out crumbs: Former FM

Feb 01, 2020

Former finance minister P Chidambaram slammed the budget presented by the Modi govt. He stated that the govt had given up on economic revival. He also expressed skepticism about LIC disinvestment calling it debatable. Watch the video for more.

Nirmala Sitharaman explains the changes in income tax regime

Feb 01, 2020

Taxpayers got what they wanted from Union Budget 2020-21. Finance Minister Nirmala Sitharaman announced a "new, simplified tax regime" for individual taxpayers. The new income tax regime comes with lower tax rates. However, around 70 deductions and exemptions, have been withdrawn. Watch Nirmala Sitharaman as she explains the new regime in a press conference post budget presentation.

Budget 2020: Investors will now pay DDT, not companies

Feb 01, 2020

Finance Minister Nirmala Sitharaman in the union budget 2020 has abolished the Dividend Distribution Tax (DDT). The dividend will now be taxed in the hands of shareholders. Watch as Himanshu Patel, Partner, Deloitte India gives us the details.

Also watch:Nirmala Sitharaman explains the changes in income tax regime

Indian business leaders and experts analyse Budget 2020 offerings

Feb 01, 2020

Finance minister Nirmala Sitharaman's budget made several changes in the personal income tax regime while also giving a boost to infrastructure . It also declared that  there would be a policy soon to enable private sector to build data center parks. There were big announcements but experts have raised several questions about whether it would revive the economy. India Today editors and Business Today editor Rajeev Dubey speak to experts and business leaders like Biocon chairperson Kiran Mazumdar Shaw to decode the budget in all its aspects. Watch the video for more.

Key highlights of Economic Survey 2019-20 presented by CEA

Jan 31, 2020

The Economic Survey 2019-20 tabled by the Finance Minister Nirmala Sitharaman on Friday projected growth for the next fiscal starting April 2020-21 at 6 per cent to 6.5 per cent. The pre-budget survey has also retained the growth numbers for the current fiscal at five per cent. Prepared by a team headed by the Chief Economic Advisor Krishnamurthy Subramanian, the survey also stressed on the need to relax fiscal deficit for the current fiscal to revive growth and observed that there an urgent need to remove red tape at ports to promote exports apart from eliminating other business hindrances such as registering property, paying taxes and enforcing contracts. Apart from highlighting the need for wealth to be distributed among all classes, the Economic Survey 2019-20 also highlighted 10 new ideas that could benefit markets and the Indian economy at large. Watch the video for more.

Budget 2020: What govt can do for capital markets, Dividend Distribution Tax

Jan 30, 2020

The finance minister needs to address pain points related to the capital market and Dividend Distribution Tax in the upcoming Union Budget. Rajesh Gandhi, Partner, Deloitte India lays out the expectations this segment has from Nirmala Sitharaman. Watch the video for his recommendations.

Budget 2020: What the govt can do for financial services

Jan 29, 2020

The finance minister needs to address the pain points in the financial services sector too. Russell Gaitonde, Partner, Deloitte India lays out the expectations the sector has from Nirmala Sitharaman. Watch the video for his recommendations.

Homi Mistry of Deloitte India on expectations for personal tax concessions

Jan 28, 2020

Homi Mistry, Partner, Deloitte India spoke to BusinessToday.In about the expected concessions around personal tax in the upcoming Union Budget 2020. He recommended that the basic tax exemption limit should be increased from Rs 2.5 lakh to Rs 5 lakh. He also suggested that the tax rebate amount on various investment schemes be increased in Budget 2020. Watch the video for more expectations from the finance minister.

Deloitte India on why the budget needs to focus on consumers

Jan 27, 2020

Anil Talreja, Partner, Deloitte India spoke to BusinessToday.In about people's expectations from the budget.  He recommended that the upcoming budget should be consumer centric. The automobile industry had started to recover but consumer expenditure needed a boost. "Consumers are at the heart of the $5 trillion economy", he said. Watch the video for more recommendations.

Budget 2020: What measures should be taken for affordable housing?

Jan 24, 2020

Homi Mistry, Partner, Deloitte India, comes offers recommendations to the finance minister on ways to boost the real estate sector. Housing is such a critical need that the government has been focussing on providing certain tax benefits to affordable housing earlier as well. In the last budget, FM Sitharaman had provided a Rs 1.5 lakh tax exemption to affordable houses bought under Rs 45 lakh. Watch what the experts are recommending this time around.

Here's how the govt keeps budget document a secret

Jan 23, 2020

A union budget document has to go through several processes and is prepared in total secrecy. Around 100 officials from the finance ministry settle inside a basement for at least 10 days, a place where the Blue Sheet is prepared. Watch the video for more on how it's kept under wraps till budget day.

Why FM Nirmala Sitharaman has ditched the traditional budget briefcase

Jan 22, 2020

Nirmala Sitharaman, in her maiden budget, broke the long-standing tradition of carrying a budget briefcase, used by all the finance ministers before her. She was seen carrying a red cloth bag instead. Here is why she broke the tradition. Watch the video to know more.

Also read: India Ratings projects country's FY21 GDP growth at 5.5%

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Budget 2020: What does the common man expect from it?

Jan 16, 2020

With budget 2020 just around the corner, the common man is hoping for some relief from the government. They are hoping the government would  boost consumer demand by raising disposable income in their hands. All measures supposed to revive the economy have so far been exhausted. There is an urgent need to tackle the slowdown. How can this budget help Indian citizens and what do they expect from it? Watch as Rajeev Dubey, Editor, Business Today talks about the expectations from the upcoming budget.

Nirmala Sitharaman launches Rs 102 lakh crore infrastructure plan

Dec 31, 2019

Finance Minister Nirmala Sitharaman held a press conference at National Media Centre in Delhi today where she announced the launch of a National Infrastructure Pipeline Report. She said the country has a compilation of projects worth Rs 102 lakh crore and in next few months, it would reach the Rs 300 lakh crore target. This is the second presser by the FM in less than a week. During her last meet on Saturday, the FM made major announcements including waiving of MDR (merchant discount rate) on payment via RuPay and UPI platforms. According to the FM, the National Infrastructure Pipeline will enable a forward outlook on infrastructure projects. Watch the video for more details.

Stocks to watch today on April 16

Stocks in news: TCS, Wipro, IPCA Labs, JSW Energy and more

Apr 16, 2020

Stocks to watch today on April 16: TCS, Wipro, IPCA Labs, JSW Energy, Bajaj Auto, Care Ratings, Man Industries India among others are the top stocks to watch out for in Thursday's trading session