Tax Concessions News


Tax benefits for startups with less than Rs10 crore funding

An angel investor picking up stakes in a startup should have a minimum net worth of Rs2 crore or should have an average returned income of over Rs25 lakh in the preceding three financial years

1 min read13 Apr 2018

Budget 2018: Exemption on interest income for senior citizens hiked to Rs50,000

Announcing a series of benefits for senior citizens in Budget 2018, Arun Jaitley said the exemption limit on income from interest for them has been raised five times to Rs50,000 per year

1 min read1 Feb 2018

Govt seeks details of proposed investments in India from Apple

An official says a view on Apple’s application for tax concessions would be taken up after considering the levels of investments and the benefits that are likely to accrue to the Indian economy

1 min read22 Jun 2017

Govt offers tax concessions to Apple to expand production, says official

The official says the government has offered to allow Apple to import mobile components which could not be manufactured in India, tax free to expand production

2 min read23 May 2017

High expectations from budget 2017

Demonetisation has not impacted businesses much, a majority of respondents in a KPMG survey said, but they expect govt to announce tax concessions for individuals, corporates

1 min read26 Jan 2017

We’ll very much like Apple to have a base in India: Ravi Shankar Prasad

Information technology minister Ravi Shankar Prasad says India will consider Apple’s request for incentives to invest in the country with an ’open mind’

1 min read19 Jan 2017

Apple seeks lower taxes for making iPhones in India

Apple wrote to the industry ministry last month seeking lower import and manufacturing duties

1 min read30 Dec 2016

Arun Jaitley unveils IFSC at GIFT City; law to be drafted soon

Jaitley says an internationally compatible and non-adversarial tax regime is needed to make IFSCs globally competitive

3 min read11 Apr 2015

India may extend tax breaks for auto firms beyond 31 December

Government may extend tax relief as the industry continues to struggle with sluggish demand due to high interest rates

1 min read27 Nov 2014

More tax concessions when economy improves: Arun Jaitley

Arun Jaitley tells India TV that inflation rose because of the previous government’s high taxation regime

2 min read12 Jul 2014
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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