After the Cabinet meeting here, Finance Minister Nirmala Sitharaman said the decision has been taken to bring the bill to replace the ordinance

If you sell the property before holding it for two years, you will pay the STCG tax on it. The gains that you incur by selling the property are added to your income of the concerned financial year

The government will issue SGB four times before the end of the financial year in March 2020. The subscription window generally remains open for five working days.

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CBDT-member Akhilesh Ranjan-led panel has recommended introducing a 10 per cent tax rate slab for annual income between Rs 2.5 lakh and Rs 10 lakh followed by a 20 per cent slab for the Rs 10-20 lakh income bracket and a 30 per cent, or higher, slab for higher income levels.

Apart from slashing income tax rates, the direct tax report also suggested dropping surcharges and cess levied on income taxes

The current corporate tax rate is 30%, which has been brought down to 22%. For new manufacturing companies the existing tax rate is 25% which has been brought down to 15%

There are a few small finance banks that are offering interest rates higher than those in bigger banks in order to attract customers.

According to the chairman of Maruti Suzuki India, FM Nirmala Sitharaman is correct in her recent assertion that the ride-hailing companies have impacted auto demand. He backed up his argument saying young buyers don't need to buy cars for commuting and can spend most of their income on electronic gadgets.

The new Direct Tax Law is likely to include announcements that would vastly simplify the six-decade-old Income-tax Act, leave more money in the hands of individual taxpayers, help India Inc, make tax litigations easier, and check harassment by taxmen, among other things

Income from capital gains can be reported in Form ITR-2 or ITR-3. As every transaction in securities is unique, gains or losses arising from such transaction should be reported separately or in aggregate

Since the effective cost of fund is low due to higher tax benefit and interest subsidy, it is recommended to buy ready house property for self or rental by availing maximum loan for longest period and keep your taxes minimised.

If the interest earned for the year is more than the exemption limit, the same will be treated as her income and will be taxed in the hands of the homemaker.

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

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

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: The decision to levy corporate tax at the lower rate of 25 per cent from companies with turnover up to Rs 400 crore will include 99.3 per cent of the companies, Sitharaman said

Union Budget 2019: If this announcement is made, then a lot of taxpayers would be affected by the change; Sitharaman may have many other surprises in her budget 'red bag'