Much of the cost of the extra spending or revenue losses would have to be borne by the government that will take charge after the election due by May.

With no retrospective relief in sight for startups, which have already received an assessment order, the notification has yet again given rise to a new set of discretionary processes with no certainty.

The decision was made after Centre received representations from start-ups seeking relief from the often ambiguous angel tax.

Jaitley may double the income tax exemption threshold for the salaried from Rs 2.5 lakh currently to Rs 5 lakh and reinstate tax-free status for medical expenses and transport allowance.

The plea challenged the notification authorising 10 central agencies to intercept, monitor and decrypt any computer system.

Refunds amounting to Rs 1.30 lakh crore have been issued during April to December, 2018.

India can save Rs 77,000 cr annually with Aadhaar, run 3 schemes like Ayushman Bharat with it: Arun JaitleyTerming Aadhaar as a \"game changer\", Finance Minister Arun Jaitley Sunday said savings made through its implementation can fund three public welfare schemes of the magnitude of Ayushman Bharat, the ambitious healthcare programme. He also attributed the successful implementation of Aadhaar to the decisive leadership of Prime Minister Narendra ModiRCom says committed to settle dues, but ...

Talking about direct tax collections, CBDT Chairman Sushil Chandra said that by December 31, 2018 the growth rate has been 13.6 per cent as against the target of 14.7 per cent.