Net outflows from debt-oriented schemes were more than Rs 1.71 lakh crore in June against inflows of Rs 70,119 crore in May, the data by Association of Mutual Fund of India (AMFI) showed.

Union Budget 2019: Once this proposal will get green light in the Parliament, individuals will be able to use Aadhaar cards instead of PAN cards to conduct financial transactions, for instance, mutual fund investments, buying gold, and others.

While the Budget did not provide much incentive to middle or lower income group, it is hard hitting for the super-rich. True to the intent of the Government, the Budget focusses on increasing tax compliance and at the same time easing the processes.

Electric vehicles get a bonanza in Budget 2019 as government gets serious on e-mobility

Revenue Secretary Ajay Bhushan Pandey sought to justify the Budget proposal to increase surcharge on super-rich saying that the highest tax individual tax rate is 45 per cent in China and South Africa, and 50.3 per cent in the US

Banks and other institutions will make backend upgrades to allow acceptance of Aadhaar in all places where quoting PAN is now mandatory, Revenue Secretary Ajay Bhushan Pandey said Saturday

The maximum numbers are proposed to be added from the northwest region, at 12,50,683, followed by the Pune region at 12,22,676, Gujarat 11,96,129, Tamil Nadu 9,35,501, Andhra Pradesh and Telangana 9,22,465, among others

Budget 2019: The Union Budget 2019 has made a clear demarcation between the traditional automobile industry- the one that uses internal combustion engine and uses fossil fuel, and the nascent electrical vehicle fraternity.

Finance Minister Nirmala Sitharaman Friday quoted Tamil classic \"Purananooru,\" and drew inspiration from it to assert that the NDA government was for judicious taxation ensuring that it does not hurt any section of the tax payers.

Finance Minister Nirmala Sitharaman, who presented her maiden Budget, has made it clear that the focus of the government is on increasing tax compliances and tax base

The 30-share barometer Sensex closed 394.67 points, or 0.99 per cent, lower at 39,513.39 as proposal of raising public shareholding limit and extending buyback tax on listed firms spooked investors sentiment

Union Budget 2019: Finance Minister Nirmala Sitharaman left the salaried class disappointed in her maiden budget. Not only were key demands like a higher tax exemption threshold and rationalisation of tax slab not met, she has proposed a higher surcharge on those earning above Rs 2 crore

Union Budget 2019: FM Nirmala Sitharaman has made PAN card and Aadhaar card interchangeable for filing tax returns

The tax threshold has not been revised since 2014. Given the general increase in prices, the FM could consider increasing the tax threshold to Rs 5 lakh

Union Budget 1970: The newly-appointed Finance Minister Nirmala Sitharaman is all set to present the Union Budget on July 5. It remains to be seen if she will take a leaf out of Gandhi's book or follow the footsteps of her recent predecessors when it comes to tax exemption

Budget 2019: Given that life expectancy for both males and females in India is likely to continue rising, increasing the retirement age for both men and women going forward could be considered in line with the experience of other countries

Budget 2019: The tobacco industry expects the new Modi government to reduce excise duties and compensation cess, which has seen over 202 per cent rise since FY12