Atmanirbhar Bharat: Taxation Relief – Is it a Real Relief?

Starting off with a genuine question, does mere deferment of taxes mounts to reliefs? The taxation reliefs provided in the "Aatmanirbhar India Economic Relief Package" may be more of the nature of deferment of incidence, rather than providing actual monetary relief. The Taxation Reliefs announced by Hon’ble Finance Minister are as follows :TDS/TCS Rate reduction …

New tax rates- are they actually lower?

During the presentation of the Fiscal Budget, the Finance Minister announced revised slab rates of taxation for individuals, which are lower than the prevailing rates. However, there is a certain catch to it. Under the new rates, the assessee has to forego certain exemptions and deductions while computing the taxable income. Hence they might actually …

US Election Jitters, Government fines RIL, Air Asia accused- Weekly Digest #21

Monday- 31st October 2016 After allegations by the ousted Tata Sons chairman, Cyrus Mistry, regarding irregular personal expense claims and certain company charges in AirAsia India, the airline owned by Tata Sons and Malaysia's AirAsia Bhd, AirAsia India said it will take strict action against anyone found guilty in the ongoing probe. Ap per latest data released by …

RBI’s interest cut, Spectrum sale disappoints, IMF positive on India- Weekly Digest #17

Monday- 3rd October 2016 Canadian pension fund manager CDPQ and financial services firm Edelweiss plan to invest an amount of $2 Billion into private debt and restructuring of stressed assets in the country over the next four years. CDPQ has acquired 20% stake in Edelweiss Asset Reconstruction Company with an initial investment of $300 million. Foxconn Technology …

Surgical Strike’s Impact, RIL all time high, ICICI Prud Life weak debut: Weekly Digest #16

Monday- 26th September 2016 The world's biggest retailer Walmart Stores is exploring an equity partnership with Flipkart to take on common rival Amazon in India. The companies are engaged in early talks and a meeting is scheduled this week. Godrej Consumer Products has filed a case against former managing director Arumugham Mahendran in the Bombay …