Page 129 - Budget 2022 News
Short-term capital gains tax rate may rise in Budget 2017
Long-term capital gains are currently tax-free, Jaitley ruled out any possibility of changes in it
 "Short-term capital gains tax rate may rise in Budget 2017")
Budget 2017: Tax breaks for home loans likely to increase
Budget may raise interest deduction from Rs 2 lakh to Rs 2.5 lakh
 "Budget 2017: Tax breaks for home loans likely to increase")
Flat advance tax not to upset govt fiscal deficit target
Subsidies may affect fiscal math but income declaration scheme-2 and raids keep receipts flowing
 "Flat advance tax not to upset govt fiscal deficit target")
Banks ask govt to continue capital infusion
Economists said fiscal deficit should remain at 3% and govt should not deviate from fiscal roadmap
 "Banks ask govt to continue capital infusion")
Budget 2017 may provide tax gain for common people to soothe note ban pain
Income tax payers will be biggest gainers as tax slabs might be extended
 "Budget 2017 may provide tax gain for common people to soothe note ban pain")
Rupee scales one-month high of 67.87 on Budget optimism
The US dollar index was trading sharply lower at 99.94 in the late afternoon session
 "Rupee scales one-month high of 67.87 on Budget optimism")
GST plus digital will make economy cleaner, bigger: Arun Jaitley
He said this would lead to a higher number of transactions covered under the banking system
 "GST plus digital will make economy cleaner, bigger: Arun Jaitley")
Weeks before Budget, Arun Jaitley lists out benefit of low tax rates
India's peak tax rate, including surcharges, is 35% but effective rate is 23% due to many exemptions
 "Weeks before Budget, Arun Jaitley lists out benefit of low tax rates")
Tax on angel investors may be streamlined
Govt planning to impose short-term capital gains tax on angel investors
 "Tax on angel investors may be streamlined")
Investors brace for transaction tax hike, less friendly Budget 2017
Even as focus shifts to wringing out revenues to finance giveaways and higher public investment
 "Investors brace for transaction tax hike, less friendly Budget 2017")
Govt plans tax exemption threshold for political parties
This is to check money laundering by outfits which do not contest elections
 "Govt plans tax exemption threshold for political parties")
High govt debt limits room for quick deficit reduction: Moody's
India's debt-to-GDP ratio at 68.6% is high compared to peers
Budget, Economic Survey go digital
Media and general public to not get printed copies of the documents this year
Fiscal consolidation: FRBM Panel offers little spending space to govt
CEA in dissent note observes main focus of Centre should be primary deficit, not fiscal deficit
 "Fiscal consolidation: FRBM Panel offers little spending space to govt")
FinMin pushes ministries to raise cash via bonds
The yields on the 10-year bond is now around 6.50%
 "FinMin pushes ministries to raise cash via bonds")
Budget may skip big-bang route
Focus on increasing outlay for existing schemes
 "Budget may skip big-bang route")
Double Income Tax exemption limit, continue with corporate deductions: EY
About 36% of the respondents felt that peak personal tax rate would be cut to 25%
 "Double Income Tax exemption limit, continue with corporate deductions: EY")
Prez Pranab Mukherjee okays change in rules for rail budget merger
The government will present the Union budget 2017-18 on February 1
 "Prez Pranab Mukherjee okays change in rules for rail budget merger")
Basic income transfer or UBI?
This Budget may see a shift from social welfare schemes to basic income transfer for BPL households
 "Basic income transfer or UBI?")
Digital payment to go easy on taxpayer's wallet
Digital transactions done post Nov 8 can winner will get Rs 5 lakh to Rs 1 cr award through contest
 "Digital payment to go easy on taxpayer's wallet")
