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THE TIMES OF INDIA | Mar 02, 2016, 16:52:14 IST
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Union Budget 2016
Arun Jaitley said the Union Budget is aimed at improving rural infrastructure and increasing rural income as the biggest challenge to the economy is agrarian distress. Stay with us for live updates.
13:21 (IST) Feb 29
Government on Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public Asset Management (DIPAM).
13:01 (IST) Feb 29
An outstanding budget. It's the foundation of transforming the nation: Union Minister Piyush Goyal #UnionBudget2016 pic.twitter.com/ou6IT7q2Qz — ANI (@ANI_news) February 29, 2016
12:55 (IST) Feb 29
FM presented a piece of rhetoric which will contribute to shrinking of economy-Manish Tewari,Cong #UnionBudget2016 pic.twitter.com/4DBuDJVL2a — ANI (@ANI_news) February 29, 2016
12:47 (IST) Feb 29
Lok Sabha adjourned till tomorrow
12:47 (IST) Feb 29
Union Budget 2016 speech comes to a close. Finance Bill has been moved in Parliament
12:44 (IST) Feb 29
Plan to use technology in Taxation department in a big way: Jaitley
12:43 (IST) Feb 29
Net revenue gain of Rs 19,610 crores due to surplus from indirect taxes: FM
12:43 (IST) Feb 29
Proposal for govt will pay interest rate of 9% over 6% if delay is more than 90 days: FM
12:43 (IST) Feb 29
Income tax department will expand e-sahyog to assist small taxpayers: Arun Jaitley
12:43 (IST) Feb 29
11 new benches of tax tribunals to be established to reduce pendency: FM
12:43 (IST) Feb 29
To reduce multiplicity of taxes and cascading - 13 taxes with collection less than Rs 50cr a year abolished: FM
12:41 (IST) Feb 29
#BudgetWithTOI 11 new benches of tax tribunals to be established to reduce pendency — Times of India (@timesofindia) February 29, 2016
12:38 (IST) Feb 29
Monetary limit for cases to be decided by 1-member bench up from Rs 15L to Rs 50L: FM
12:38 (IST) Feb 29
Penalty to be 50% of tax in income under-reporting cases, 200% in misreporting of facts: FM
12:38 (IST) Feb 29
Tax arrears can be paid in lieu of interest liabilities in retrospective taxation cases
Arun Jaitley
12:37 (IST) Feb 29
One time amnesty scheme for domestic taxpayers
12:36 (IST) Feb 29
India will not resort to retrospective taxation in future: FM
12:35 (IST) Feb 29
Govt to introduce bill to amend Companies Act for ease of doing business; to enable registration of companies in a day: FM
12:35 (IST) Feb 29
Limited period compliance window for taxpayers to declare undisclosed income. Declarations to have immunity from prosecutions
Arun Jaitley
12:35 (IST) Feb 29
Move towards a low tax regime with non litigious approach: Arun Jaitley
12:35 (IST) Feb 29
Raises excise duty from 10 to 15% on tobacco products other than beedis: Arun Jaitley
12:32 (IST) Feb 29
Our govt is completely committed to removing black money from the economy: FM
12:32 (IST) Feb 29
There shall be no scrutiny or prosecution in this regard: FM
12:32 (IST) Feb 29
Limited tax compliance window from June 1 - September 30 for declaring undisclosed income at 45% including surcharge and penalties: FM
12:31 (IST) Feb 29
Stock market loss widens; Sensex crashes over 600 points and Nifty down over 200 points on Budget taxation proposals.
12:30 (IST) Feb 29
Move towards a low tax regime with non litigious approach: FM
12:29 (IST) Feb 29
Clean energy cess to be renamed to clean environment cess: FM
12:28 (IST) Feb 29
Krishi Kalyan Cess to be imposed on all taxable services for agricultural sector: FM
12:28 (IST) Feb 29
Fiscal deficit target 3.5% for FY 2016-'17: FM
12:28 (IST) Feb 29
Krishi Kalyan Cess of 0.5% on all taxable services: FM
12:28 (IST) Feb 29
Services provided by EPFO exempted from service tax: FM
12:28 (IST) Feb 29
Earlier 12%, now on 15% - surcharge on income tax for those with incomes exceeding Rs 1 crore per annum: FM
12:28 (IST) Feb 29
Proposes additional tax benefit for first time home buyer: FM
12:26 (IST) Feb 29
#BudgetWithTOI Boost for #startups! 100% #taxdeductions for new startups for first 3 years pic.twitter.com/Q6r6uzhAA8 — Times of India (@timesofindia) February 29, 2016
12:26 (IST) Feb 29
100% deduction for housing projects Of 30 sq meters in metros: FM
12:26 (IST) Feb 29
Proposes additional tax benefit for first time home buyer: FM
12:23 (IST) Feb 29
Incentives for new manufacturing companies and smaller enterprise companies: FM
12:23 (IST) Feb 29
100% deduction for profits of undertakings from housing projects in cities during Jun '16 - Mar '19: FM
12:23 (IST) Feb 29
HRA deduction up from 24,000 to 60,000 per annum: FM
12:22 (IST) Feb 29
Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM
12:22 (IST) Feb 29
Suitable changes to be made in customs & excise duty rates to improve competitiveness and boost Make In India: FM
12:21 (IST) Feb 29
No change in tax slabs but some relief for the middle class
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