Asked what measures the government could adopt to provide relief to the salaried class, most respondents (74 per cent) felt that an enhancement in the standard deduction on salary income from the existing limit of Rs 50,000 should be considered

Tax policies must adapt to changing times to provide buoyancy and enable companies to undertake business in a time-bound and efficient manner

The stakeholders are keenly eyeing the much-anticipated regulatory changes in incentivising the domestic and foreign investments, easing the compliance burden on startups, among other measures, during the Budget 2021

The finance minister's announcement that budget 2021 will be like no other has created a lot of euphoria and excitement among citizens. But, at the same time, it has also fuelled concern regarding increase in taxes as the government will have to spend money on infrastructure and sectors affected by COVID such as-healthcare, tourism and hospitality. Watch the video as Rajesh Gandhi, Partner, Deloitte India explains how the balance can be achieved and expectations met given a tight fiscal situation prevailing in the economy. Budget 2021: COVID-19 crisis emphasises need for higher allocation for healthcare sector

In case of no relaxation in residential status, NRIs would have to pay advance tax to avoid penal interest

Chartered accountants and tax lawyers agree that this is a challenging situation for the NRIs who got stuck in India due to the lockdown in the wake of the pandemic

Budget 2021: Multiple associations and experts have opined that the Section 80C limit must be increased. However, most have suggested almost doubling the limit

The benchmark Sensex has breached the psychological 50,000-mark thanks to roll out of COVID vaccines, better-than-expected corporate earnings in third quarter of FY21 and ample global liquidity. The upside momentum seems to continue with record FII inflows and Robinhood investors taking direct participation in equities. What should you do at the current juncture? We highlight key trends in the video. Read: Sensex at 50,000: What happens next?Also watch: Passwords, taxes and more: What you must know about Bitcoin

Here's a look at the top companies have been a part of the S&P BSE Sensex every year since its inception in 1986

ICICI Lombard had posted a net profit of Rs 294.11 crore in the year-ago period, the company said in a regulatory filing. Gross direct premium income grew 9.2 per cent to Rs 4,034 crore from Rs 3,693 crore, against the industry's 4.9 per cent growth

Tesla has incorporated a company in Bengaluru - Tesla India Motors and Energy Private Ltd - with a paid-up capital of Rs 1 lakh and three directors. Its registered address is in the heart of the city, barely a kilometre from the high profile UB City complex

Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019, according to data from the Controller General of Accounts (CGA)

Any hike in taxes on luxury cars will hit demand and prevent recovery from the disruptions witnessed last year, according to senior officials of the companies

The court stated that CBDT can take a lenient approach in terms of consequences of late filing of tax audit reports; \"We leave it to the better discretion of the CBDT,\" it said

NASSCOM recommended extending concessional corporate tax rate to all new IT-BPM units incorporated in SEZs that commence operations within a set period and commit to createcertain number of jobs

The funding of the deficit is primarily going to be via market borrowing, National Small Savings Funds (NSSF), short term borrowings and drawdown of cash balances

The scheme proposes to set up a National Faceless Appeal Centre (NFAC), Regional Faceless Appeal Centres (RFACs) and Appeal units (AUs) which will allocate a recommendation for penalty made under the faceless assessment programme

The amount under litigation includes Rs 4.05 lakh crore in corporation tax, Rs 3.97 lakh crore stuck in income tax cases and another Rs 1.54 lakh crore on account of commodities and services tax, the note said

Foreign Asset Investigation Units (FAIUs) have been recently created in all the 14 investigation directorates of the Income Tax Department located in various parts of the country

ITR filing: As per the latest data by the Income Tax India, more than 5.16 crore ITR for AY 2020-21 have been filed till January 6, 2021. Yesterday alone 8,43,506 ITRs were filed