Sat, Jul 06, 2019
The government today increased customs duty on gold. Currently, gold attracts an import duty of 10%. According to the Budget proposals, import duty to be hiked on gold and precious metals to 12.5%, from the current level of 10%. India is one of the largest gold importers in the world, and the imports mainly take care of demand from the jewelry sector.
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Sat, Jan 19, 2019
Ahead of the elections which is slated during May 2019, the central government is all geared up to announce its interim budget most likely on February 1, 2019. In this episode of money guru, find out what an interim budget is and the need for it at the moment.
Fri, Feb 23, 2018
State-owned oil marketing companies (OMCs) like IOCL, Bharat Petroleum Corp Limited (BPCL) and Hindustan Petroleum Corp Limited (HPCL) have started to bring petrol and diesel prices from February 8.
Thu, Feb 22, 2018
RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6%, raised CPI inflation target
Mon, Feb 19, 2018
A tax-payer who has taken benefit under Section 80TTB cannot take tax benefit under Section 80TTA, because benefits under Section 80TTB and Section 80TTA are exclusive.
Fri, Feb 16, 2018
While the hype around the Budget as always is very high and news channels and newspapers are flooded with debates and opinions, the only thing that matters to people is the impact the Budget has on
Tue, Feb 13, 2018
Petrol has tumbled in the range of 85 paisa to 91 paisa per litre, whereas diesel prices have come down between Rs 1.20 and Rs 1.28 per litre.
Mon, Feb 12, 2018
NPS is termed as contribution retirement savings scheme developed to enable the subscribers for making decisions regarding their future through systematic savings during their working life.
Price rise in fuel product has been since start of 2018, despite FM Arun Jaitley trimming down excise duty on various products, especially fuel products, during FY19 Budget.
Fri, Feb 09, 2018
The net inflow of Rs 472.51 crore on February 7 was a result of gross purchases of Rs 2,983.80 crore and gross sales of Rs 2,511.29 crore
FM Jaitley proposed to tax LTCG exceeding Rs 1 Lakh at the rate of 10% without allowing the benefit of any indexation, saying “all gains up to 31st January, 2018 will be grandfathered.”
Finance Minister Arun Jaitley during FY19 Budget trimmed down excise duty on various products, especially fuel products, pinning down hopes that petrol and diesel prices would go down.
Wed, Feb 07, 2018
Indexation is a prudent way to prevent draining your debt fund returns by way of taxes. It helps you inflate the purchase price of the debt mutual funds. In this way you can lower your tax liability.
Mon, Feb 05, 2018
Earlier reports suggested that the government may allocate money for the salary hike in Budget 2018-19, but the hike will come into effect later this year.
Benchmark Nifty fell 0.87% to 10,666.55, while Sensex closed 309.59 points
The custom duty increase would be third increase in last 12 months, followed by Indian government.
Sun, Feb 04, 2018
On Friday, Nifty slipped by 256 points (2.5%) to close at 10,761, and Sensex fell 840 points to close at 35,067
Sat, Feb 03, 2018
Budget 2018 is not populist but popular, says Union Finance Minister Arun jaitley in an exclusive interview with Mihir Bhatt of Zee Business.
Allocation under Prime Minister Employment Generation Programme has gone up from Rs 1,024.49 crore in BE 2017-18 to Rs 1,800 crore in BE 2018-19
Long-term capital gains (LTCG) tax is perhaps the most discussed and despised measure taken in Budget 2018
Fri, Feb 02, 2018
LTCG deriving from transfer of listed equity shares, units of equity oriented fund, and unit of a business trust are exempt from tax.
With this reduction, the FM said the government will bear the revenue loss of Rs 13,000 crore in the remaining part of FY18.
Union Minister for Finance and Corporate Affairs Arun Jaitley has proposed a reduced rate of 25% to companies that have reported turnover up to Rs 250 crores in the financial year 2016-17.
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