The government should consider increasing the tax deduction limit for housing loans, especially for buyers in metropolitan cities.

Tinkering with the tax rates or tax provisions before the release of the report will lead to avoidable controversies.

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

While a large upmove from the current Nifty levels of 10887 on Jan 15, 2019 seems unlikely, Nifty can still attempt to rise to 11,200-11,300 levels before correcting. In the process, a lot of stocks and sectors may sequentially undergo upward correction of the recent fall.

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 chamber has also suggested revision in the tax slabs for the individual taxpayers with the top 30 per cent rate to be applied beyond Rs 20 lakh annual income.

While previous governments have avoided introducing major changes in an Interim Budget, the regime at the Centre has often used this opportunity to woo voters and outline its economic policy vision for the next five years should India vote to keep it in power.

The scheme may provide accidental insurance cover on the lines of Pradhan Mantri Suraksha Bima Yojana (PMSBY) for the traders at an affordable premium.

GST Council Meet: GST exemption limit increased from Rs 20 lakhs to Rs 40 lakhsThe GST Council relaxed tax exemption limit to Rs 40 lakh from the earlier cap of Rs 20 lakh during its 32nd meeting on Thursday. The all-powerful panel also decided to extend the composition scheme to traders from informal sector rendering services or mixed supplies with a turnover up to Rs 50 lakh. The exemption limit for small states has also been increased to Rs 20 lakh from Rs 10 lakh.World Bank's global repor...

He also said the alleged middleman Christian Michel was close to the Congress first family and the people deserved to know the role played by him in the 10-year delay over the Rafale deal during UPA regime.

Andhra Pradesh Finance Minister Yanamala Ramakrishnudu said adding that even Karnataka, Kerala and Delhi governments have supported this point.

The issue of lowering the GST rate on under-construction apartments in the affordable category from 12 per cent to 5 per cent has now been referred to a group of ministers (GoM).

The plane, which had 168 passengers on board, made a safe emergency landing at the Chhatrapati Shivaji Maharaj International Airport here at 12:15 pm, he said.

Emerging markets like India and China, making up 70 per cent of global gold consumer demand, are very relevant to the long-term performance of gold.