TAX INCENTIVES

Incentives for furniture manufacturing in the works

“We have begun an exercise and consultations are on with various stakeholders for the furniture sector,” said an official. However, a produ...

15th Finance Commission report: States call for inclusion of cess, surcharge in divisible tax pool

“Cesses and surcharges (revenue) must be shared with states but by limiting them to the central pool was further disempowering states,” sai...

Benefits on buying new vehicles on scrapping of old; taxes, levies for polluting cars: Nitin Gadkari

The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 is touted as a major step to boost the Indian automobile s...

Incentives for scrapping old vehicles to be announced soon: Roads Secretary

The transport ministry, which is charting out the details of the vehicle scrapping policy announced in the budget for FY ‘22, will soon ann...

View: How this Budget offers incentives for all stakeholders to propel growth

The capital expenditure of central public sector enterprises (CPSEs) that should also see a big increase will add up to the booster dose of...

Startups get tax holiday for one more year in Budget 2021

The government has also proposed in the Union Budget 2021-22 incorporation of one-person companies, a move which will directly benefit the ...

Five things about home loan tax incentives you should know

Even a loan taken from an employer, friend, private lender is eligible for deduction — but only on the interest and not principal. And you’...

View: Tax rates unchanged in Budget, but changes in proposals to have a big impact

There are many other amendments to tax provisions, and while we tax professionals will continue to analyse these changes, nothing takes awa...

Tax incentives will attract global players: GIFT City on Budget

The slew of tax incentives announced for GIFT IFSC in the Union Budget "has once again reaffirmed the government of India's commitment to d...

FM announces IFSC tax sops to boost startup funding

Union Budget 2021-22 provides for tax incentives for units under the IFSC at GIFT City, a move that will allow international funds to reloc...

The tax reliefs that can make this a Budget India hasn't seen in a hundred years

The end of pandemic in sight, all eyes are now on the upcoming Budget in the hope of some much-wanted reliefs and incentives.

Experts do not expect any major income tax relief in Budget

A source in Income Tax Department told ANI that stories are being published daily on various news platforms regarding the budget. However, ...

Budget 2021: How indirect tax can provide a roadmap to recovery

The PLI scheme rolled out under the Atmanirbhar Bharat Abhiyan in April 2020 covered mobile manufacturing, manufacturing of bulk drugs and ...

View: Give cash incentives to women to enter the workforce and reap the rewards

India needs a well-crafted policy that draws more women to work. GoI data show that labour force participation of women aged 15-plus was 32...

Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EY

In every budget, the government is faced with the task of introducing measures to meet its revenue needs and at the same time cater to the ...

Budget 2021 could give more tax relief on medical expenditure, insurance in wake of Covid

Considering the present situation, the common man expects the Finance Minister to liberalise provisions of section 80D and expand its scope...

Budget 2021-22: Govt should provide additional funds, incentives for agri sector, say experts

"Food processing industry has played an important role in better price realisation for the farmer and reducing the cost of intermediaries. ...