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INCOME TAX SOPS
Budget 2023: Income tax sops for health, life insurance policyholders; GST cut, what insurance industry wantsAmid high inflation and rising medical costs, the common man is expecting a host of insurance related reliefs from this Budget. Insurance i...19 Jan, 2023, 08.45 PM IST- Got a junket as business reward? Get ready to pay tax on itThe government has added a new section to the Income Tax Act, namely Section 194R, which aims to bring such sops under the ambit of tax ded...17 Feb, 2022, 05.58 AM IST
- Denial of tax sop on exempt income spend causes anxietyThe provisions of the Income Tax Act provide that if an income is exempt in the hands of a taxpayer, any expenses in relation to such incom...03 Feb, 2022, 11.22 AM IST
- Maximise income: Line up your pieces to pack a punchGifts from specified relatives or those received on certain occasions like marriage; interest from PPF account is also tax-free. Your salar...02 Feb, 2021, 02.03 PM IST
- Interim Budget: Good bye to Direct Tax reforms?Ideally, the NDA government should have waited for the DTC panel to present its report.02 Feb, 2019, 06.46 AM IST
- Budget 2019: no sops for mutual funds, but tax breaks bring cheerThe mutual fund industry was not expecting much from the interim budget 2019.01 Feb, 2019, 02.57 PM IST
- Piyush Goyal explains key Budget announcements in HindiAt one point of time when an Opposition member laughed loudly in response to Budget announcements, Goyal quipped that it reminded him of th...01 Feb, 2019, 02.13 PM IST
- Income tax sops in Budget for 2014-15, smokers will pay moreThere is no no change in rate of surcharge either for the corporates or individuals and the education cess of three per cent will also cont...10 Jul, 2014, 07.06 PM IST
- 'DTC Bill a dampener, but SEZs will retain sheen'SEZs may have lost some of their sheen on account of the proposed withdrawal of income tax sops in DTC Bill, but developer Adani Group feel...12 Oct, 2010, 03.43 PM IST
- STPIs, 100% EOUs may enjoy tax holiday for 3 more yearsThe government plans to extend the tax concessions enjoyed by technology parks and 100% export-oriented units (EOUs) beyond March 2010, a g...12 Feb, 2009, 01.03 AM IST
- STPI sops may live for SMEs hit by $ crashSmall and medium enterprises (SME) in the software export business may continue to enjoy income-tax benefits for some more time.06 Feb, 2008, 04.55 AM IST
- Coal mining may strike infrastructure’s tax benefitsCoal mining, a sector expected to attract large investments with mega power companies taking up coal mining, may soon get to enjoy some lar...21 Jan, 2008, 03.39 AM IST
- Pharma cos unlikely to get sops for R&DDrug companies like Dr Reddy’s and Sun Pharma hoping for income tax sops for their stand alone research arms may be in for a disappointment.10 Jan, 2008, 01.21 AM IST
- ESC seeks continuation of tax sops for software firmsThe Electronics and Computer Software Export Promotion Council (ESC) on Friday sought continuation of tax sops beyond 2009 for the sector.07 Sep, 2007, 07.45 PM IST
- I-T sops for EoUs may go after ’09Income-tax holiday for export-oriented units (EoUs), set to expire in 2009, are unlikely to be extended in Budget 2007.30 Jan, 2007, 02.02 AM IST
- Serving ‘outsiders’ may trim SEZs’ tax sops limitThe finance ministry has initiated a dialogue with the commerce ministry to frame a new set of norms, prescribing that only those non-proce...17 Nov, 2006, 01.01 AM IST
- Ficci wants huge tax reformsDemanding simplification of tax structure, industry chamber FICCI on Wednesday asked for various sops including doubling of the Income Tax ...16 Jun, 2004, 03.43 PM IST
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