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agriculture income under tax net

26 Apr 2017

Government has no plan to impose any tax on agriculture income: FM Jaitley

Jaitley said that as per the constitutional allocation of powers, the central government has no jurisdiction to impose tax on agricultural income.

agriculture income under tax net

25 Apr 2017

Bring agriculture income under tax net, says NITI Aayog member

NITI Aayog member Bibek Debroy on Tuesday made a strong case for removal of exemptions on personal income tax and bringing agriculture under the tax net with a view to increasing the resources of state.

Finance Ministry

12 Apr 2017

Finmin rejects Apple demands on tax; firm's manufacturing line this year

The Finance Ministry has rejected iPhone maker Apple's demand for tax exemptions for setting up a manufacturing unit in India saying that the decision will have to be taken up by the GST Council.

17 Feb 2016

Budget 2016 to focus on reducing exemption, manufacturing

In order to attract foreign investment, Adhia said there was a need to do away with multiplicity of central and state government levies and the only solution to this is GST.

20 Nov 2015

CBDT proposes roadmap for elimination of tax exemption

Preparing the ground for gradual reduction of corporate tax to 25 percent from 30 percent.

India's economic growth

13 Sep 2015

Policymakers need to change regulatory mindset: FM Jaitley

Finance Minister Arun Jaitley on Saturday said policymakers need to change their regulatory mindset asserting that role of state should be minimised and government monopoly must end wherever possible.

10 Sep 2015

Corporate tax exemptions with sunset clauses may not be renewed

In order to phase out exemptions and move to lower corporate tax rate, the CBDT is considering not to renew tax exemptions after expiry of sunset clause.

28 Feb 2015

Budget 2015: Tax exemptions for middle class

Increase in the limit of deduction in respect of health insurance premium from Rs 15,000 to Rs 25,000.

05 Jul 2014

Seeking doubling of tax exemptions for differently-abled: Min

Union Minister for Social Justice and Empowerment Thaawar Chand Gehlot on Saturday said that his ministry has requested finance ministry to consider doubling the tax exemptions for differently-abled persons.

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