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  5 ways to save taxes without insurance purchase or fresh investments

  Brand Content | March 23, 2020 22:13 IST

  Here are 5 ways you can save on your tax without having to purchase insurance plans or invest in new tax-saving instruments.

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  Budget 2020: What's in store and what are the challenges?

  Business | February 01, 2020 2:05 IST

  Union Budget 2020: Finance Minister Nirmala Sitharaman has quite a task ahead of her as she prepares to present Union Budget 2020 in the Lok Sabha on Saturday (February 1). The economy is not in the best of shapes. International Monetary Fund (IMF) has already slashed India's growth forecast from 6.1 per cent to 4.8 per cent. Prices of goods are high and the common man is looking at Budget 2020 just as he is at his own pocket.

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  Govt says no proposal to reduce taxes on petrol, diesel

  Business | December 02, 2019 13:35 IST

  The council, chaired by the Union Finance Minister, has ministers in-charge of finance or taxation from all states as members. "At present, there is no proposal to reduce taxes on petrol and diesel," Sitharaman said in response to a question on whether the government proposes to reduce taxes so thatprices of petrol and diesel would come down.

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  22 tax officials retires on graft charges

  India | August 26, 2019 17:07 IST

  The Central Board of Indirect Taxes and Customs (CBIC) - the agency that overseas GST and import tax collections - compulsorily retired 22 superintendent rank officers under Fundamental Rule 56(J) on corruption and other charges, official sources said.

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  For every rupee in government kitty, 68 paise come from taxes

  India | July 05, 2019 15:00 IST

  For every rupee in the government coffer, 68 paise will come from direct and indirect taxes while states' share of taxes and duties is the single-largest expense head accounting for 23 per cent of total spending, budget documents showed.

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  CBDT releases new I-T compounding guidelines; no relief in criminal black money cases

  Business | June 17, 2019 17:50 IST

  The new directives make it clear that compounding of offences is "not a matter of right" and the department can extend such a relief only in certain cases keeping in view factors like "conduct of the person, the nature and magnitude of the offence on the context of the facts and circumstances of each case."

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  Assam gets its first e-Budget, no new taxes for 2018-19

  India | March 12, 2018 18:44 IST

  After Andhra Pradesh, Assam has become the second state to have an e-Budget, but unlike the other state, Assam Budget is available on the Google's Play Store, giving access to everyone, Sarma said.

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  How your health insurance plan will help save tax this 2017-2018

  Business | February 01, 2018 17:23 IST

  Many financial products offer tax benefits that can be claimed at the end of the fiscal year. Your health insurance policy, too, can help save taxes and bring you the returns you desire.

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  Financial tips every millennial should live by

  Business | March 20, 2018 14:13 IST

  The concept of personal finance is something that every member of the Generation Y needs to understand.

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  GST council likely to slash tax on 80% items of top rate slab: Sushil Modi

  Business | November 08, 2017 23:06 IST

  Sushil Modi, who also holds the finance portfolio, was interacting with representatives of associations formed by traders involved in businesses like food, textiles, consumer goods, real estate etc.

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  Government gets Rs 42,000 crore tax so far in first filing under GST

  August 21, 2017 22:46 IST

  As much as Rs 42,000 crore has already come in as taxes so far in the first monthly filing under the new Goods and Services Tax (GST) regime and the revenues are expected to swell further as the filing cycle closes this later this week

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  Prices of most products may come down as GST Council sets rates for 1,211 items

  May 19, 2017 7:38 IST

  The Goods and Services Tax (GST) Council meet, headed by Finance Minister Arun Jaitley, on Thursday decided on rates for specific products which may lead to reduction in prices of a majority of products of mass consumption.

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  Taxes under GST 'to increase a bit', says CBEC Chairman

  March 14, 2017 11:36 IST

  While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC)

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  Budget 2017: To promote e-payments, govt removes all taxes on PoS, other machines

  February 02, 2017 10:32 IST

  In an effort to promote cashless transactions as part of a campaign to encourage people to go digital, the government on Wednesday expelled all obligations on gadgets utilized as a part of the procedure of

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  49 per cent want govt to reduce taxes to minimise demonetisation impact: Survey

  January 27, 2017 8:57 IST

  Forty-nine percent of the more than 100,000 respondents in a survey ahead of the Union budget for 2017-18 said the government should reduce taxes to minimise the impact of demonetisation.

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  Budget 2015: India Inc demands cut in corporate tax, income tax

  January 06, 2015 17:27 IST

  New Delhi: Pitching for a non-adversarial tax environment, India Inc today suggested reduction in tax rates on corporate as well as individuals to boost economic growth.In the customary pre-Budget consultation with Finance Minister Arun Jaitley,

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  Goa government to reduce taxes on import of coal

  India | August 06, 2014 8:18 IST

  Panaji: Goa Chief Minister Manohar Parrikar yesterday announced to scale down the state taxes onimport of coal.The existing green cess and rural welfare cess on the import of coal through Mormugao Port Trust has stopped

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  Retrospective Taxes Should Be Avoided: Law Minister Ravi Shankar Prasad

  May 27, 2014 16:50 IST

  New Delhi: Law minister Ravi Shankar Prasad, who assumed charge today, said that retrospective tax should be avoided and India should be made an investor friendly regime. The new government's goal is to remove uncertainty and

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  Metro to reach till Noida extension

  India | July 09, 2012 20:58 IST

  Noida, Jul 9: Noida and Greater Noida boards have given approval for the extension of metro till Noida extension and setting up metro rail in other parts of Greater Noida on PPP model basis.Chairman of

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  Gadkari Sides With Jewellers, Writes To FM On Excise Rollback

  Politics | March 30, 2012 21:18 IST

  New Delhi, Mar 30: BJP President Nitin Gadkari today wrote to Finance Minister Pranab Mukherjee demanding rollback of the decision to impose excise duty on jewellery and taxes on any purchase above Rs 2 lakh