The 2020-21 Union Budget is on expected lines, as far as key parameters are concerned. Fiscal deficit as a percentage of GDP has gone up
NEW DELHI: Finance minister Nirmala Sitharaman on Sunday said that there is no intention to tax global income of NRIs and only income generated in India will be taxed.
It was a poised and graceful FM, who drove to the Parliament, and gave exhilarating expectations showing a year’s future wrapped in a red folder,
The main thing about the interim report of the 15th Finance Commission (FFComm) is not that it has marginally lowered the share of the states
The current provisions of the Income Tax Act, provide for a 25-30% Corporate tax on the company, and when such company distributes the profits remaining
Against a backdrop of declining economic growth and limited room for fiscal expansion to stimulate the economy, the finance minister has delivered a reasonably sound