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Tax exemption News

05 Aug 2021

After Thalapathy Vijay, court raps Dhanush in Rolls Royce car tax exemption

This case bears resemblance to that of actor Joseph Vijay aka Thalapathy Vijay who had been called “anti-national’ by the Court for having sought a tax exemption on his imported Rolls Royce.

30 Jan 2021

Budget 2021: Will the government increase tax exemption in this budget?

The budget is going to be presented on February 1, as always this time also, people are expecting, will the government increase tax exemption in this budget? know what relief will be given in tax in this general budget?

Yogi Adityanath

13 Sep 2020

Ancient mutts, temples in Uttar Pradesh seek tax exemption

A proposal seeking tax exemption for ancient mutts and temples at three important Hindu `teerths` -- Kashi, Ayodhya and Mathura -- has been submitted to senior RSS functionary Indresh Kumar. These mutts and temples do not have any regular source of income but they have been keeping alive the ancient tradition of `gurukul` for `Vedic` students.

24 Jan 2020

Budget 2020: India Inc favours increase in standard deduction

Majority of respondents surveyed indicated that the Union budget 2020-21 will observe an increase in tax exemption limit to Rs 2.5 lakh per annum.

10 Oct 2019

'Saand Ki Aankh' gets tax exemption in Rajasthan

'Saand Ki Aankh' deals with women empowerment and the changes in social mindset.

06 Sep 2016

AAP accuses BJP's Vijay Goel of influencing civic body for tax exemption

The AAP on Tuesday accused BJP leader Vijay Goel of using his "post and clout" to get exemption on property tax and other charges on a heritage building he bought in old Delhi and demanded his resignation as Union Sports Minister and from Parliament.

29 Feb 2016

Budget 2016: Arun Jaitley withdraws tax exemptions from host of services

Finance Minister Arun Jaitley Monday announced withdrawal of tax exemptions from a host of services including those provided by lawyers to other advocates, including on arbitral tribunals, even as he exempted financial regulators and others from service tax.

29 Feb 2016

Here's why Arun Jaitley mentioned Rahul Gandhi in his Budget speech

Finance Minister Arun Jaitley presented his third Budget on Monday.

31 Jan 2016

Insurance industry seeks hike in tax exemption limit

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

20 Nov 2015

Govt may not extend sunset clauses for tax exemption

It has invited comments on the proposal withing 15 days.

27 Oct 2015

Govt should abstain from increasing tax exemption limit: Report

The government should refrain from frequently raising the tax exemption threshold to avoid erosion in the number of taxpayers and also needs to adopt measures to move towards a cash-less regime, says a report.

09 Sep 2015

List of tax exemptions to be phased out in few days: Arun Jaitley

The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.

24 Feb 2015

Budget 2015: Expectations of Salaried class from FM Jaitley

With just few weeks remaining for the Finance Minister to present the Union Budget for 2015, the common man has started building up expectations from the Narendra Modi-led NDA government at the Centre.

05 Dec 2014

No specific tax exemption for companies' CSR expenses: Govt

The new companies law, which came into force from April 1, requires certain class of profitable corporates to shell out at least 2 percent of their three-year annual average net profit towards CSR works.

Public Provident Fund

20 Aug 2014

Now invest up to Rs 1.5 lakh in PPF

People can now deposit up to Rs 1.5 lakh annually in their Public Provident Fund (PPF) with the government notifying changes in the popular savings scheme.

26 Jun 2014

AIBEA seeks hike in tax exemption on bank deposit interest to Rs 25K

Bank employees body AIBEA has demanded an increase in the exemption of tax on interest earned on bank deposits to Rs 25,000 from Rs 10,000 at present from the government in its maiden Budget next month.

Union Budget 2014-15

23 Jun 2014

General insurance firms want tax sops to boost health cover

Right now government is almost paying from tax payers' money for any losses out of natural disasters as people are not accustomed to buy such cover.

16 Jun 2014

The decision of the Finance Minister will be closely watched by all and sundry, here is the list of most awaited announcements.

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