Budget Session from Jan 31 To Feb 13 - Interim Budget on February 1
Posted Date : 09-Jan-2019 , 06:14:59 pm | Posted By CASANSAAR
The budget session of Parliament is likely to be held from January 31 to February 13, 2019 and an interim budget is expected to be presented by finance minister Arun Jaitley on February 1, news agency PTI reported quoting government sources.
The Cabinet Committee on Political Affairs (CCPA) delib...
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Second part of the budget session of Parliament begins today after recess
Posted Date : 05-Mar-2018 , 10:12:53 am | Posted By CASANSAAR
The second part of the budget session of Parliament will begin today after nearly a month-long recess. The first part of the session began on the 29th of January and concluded on 9th of February after the presentation of Union Budget and adoption of the motion of thanks to President's address to...
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Clarification on ‘Expenditure on Tax administration’ in Union Budget 2018-19
Posted Date : 03-Feb-2018 , 08:58:40 am | Posted By CASANSAAR
​In one of the Budget documents of the Union Budget 2018-19​,​
“Budget at a glance” under the title ‘Expenditure on Government of India’, an expenditure of Rs.77,747 crore and Rs.10,5541 crore has been shown against the item “Tax administra...
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Rationalisation of long term capital gains proposed
Posted Date : 02-Feb-2018 , 08:48:31 am | Posted By CASANSAAR
The Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh at the rate of 10% without allowing the benefit of any indexation. Presenting the General Budget 2018-19 in Parliament here today, Shri Jaitley said that all gai...
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Payments exceeding Rs. 10,000/- in cash made by such entities shall be disallowed
Posted Date : 02-Feb-2018 , 08:46:43 am | Posted By CASANSAAR
In order to control the cash economy and increase TDS compliance, the Union Finance and Corporate Affairs Minister Shri Arun Jaitley proposed to impose restriction on entities incurring expenditure in cash without paying tax.
Presenting the General Budget 2018-19 in Parliament here today, t...
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No change in the income tax or corporate rates; Relief to salaried taxpayers, pensioners & senior citizens
Posted Date : 01-Feb-2018 , 08:09:07 pm | Posted By CASANSAAR
Mr Jaitley did not propose any change in the Income-tax rates or corporate tax.
However, he announced relief to salaried employees, pensioners, senior citizens, micro, small and medium industries.
He proposed a standard deduction of 40,000 rupees for salaried employees in place of transport al...
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Relief to Senior Citizens - Exemption of Interest Income on deposits increased to Rs 50,000
Posted Date : 01-Feb-2018 , 02:13:19 pm | Posted By CASANSAAR
With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, announced significant incentives for senior citizens.
Presenting the General Budget 2018-19 in Parliament here today, the Finance Minister said that the ex...
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Govt undertakes various Programmes to benefit Farmers, Poor and other vulnerable sections
Posted Date : 01-Feb-2018 , 02:41:49 am | Posted By CASANSAAR
The Union Finance Minister asserted that Shri Narendra Modi, Government had worked sincerely and without weighing political costs. Presenting the General Budget 2018-19 in Parliament here today, the Minister for Finance and Corporate Affairs Shri Arun Jaitely said that the Government had taken up pr...
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E-assessment to be rolled-out across the country to transform age-old assessment procedure
Posted Date : 01-Feb-2018 , 02:08:23 pm | Posted By CASANSAAR
In the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to amend the Income-tax Act to notify a new scheme for assessment. Shri Jaitley said the assessment will be done in electronic mode which will almost eliminat...
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Education will be treated holistically from pre-nursery to class XII - FM
Posted Date : 01-Feb-2018 , 02:06:33 pm | Posted By CASANSAAR
Expressing concern over the quality of education, Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has said that education will be treated in a holistic manner from pre-nursery to Class XII. Presenting the General Budget 2018-19 in Parliament here today, the Finance Mi...
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Railway’s Capex for the year 2018-19 Pegged at Rs.1,48,528 Crore
Posted Date : 01-Feb-2018 , 02:04:45 pm | Posted By CASANSAAR
In keeping with the Government’s focus on strengthening the Railways network in the country the General Budget 2018-19 has enhanced the allocation for the Ministry. Presenting the Budget in the Parliament here today, the Union Minister for Finance & Corporate Affairs, Shri ...
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Launch of Gobar-Dhan Scheme announced to improve lives of villagers
Posted Date : 01-Feb-2018 , 02:02:59 pm | Posted By CASANSAAR
In an effort to make the villages open defecation free and improving the lives of villagers, the Finance Minister in his budget speech today announced the launch of Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) . The Minister added that this will manage and convert cattle dung...
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Fiscal deficit to be 3.3% of the GDP for the coming fiscal year
Posted Date : 01-Feb-2018 , 02:01:38 pm | Posted By CASANSAAR
Total expenditure during 2018-19 is estimated to be over Rs. 24.42 lakh crore.
Fiscal Deficit at 3.3% is expected to be Rs. 6,24,276 crore, to be financed through borrowings.
The Union Finance Minister Shri Arun Jaitley while presenting the General Budget for 2018-19 in Par...
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MSMEs to gain by Tax Incentives provided in General Budget 2018-19
Posted Date : 01-Feb-2018 , 02:00:34 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed a reduced rate of 25% to companies that have reported turnover up to Rs 250 crores in financial year 2016-17. This will benefit the entire class of Micro, Small and Medium Enterprises which accounts for almost 99% o...
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Tax Incentive for Promoting Post-Harvest Activities of Agriculture
Posted Date : 01-Feb-2018 , 01:59:15 pm | Posted By CASANSAAR
In order to encourage professionalism in post-harvest value addition in agriculture, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer Companies and having annual turnover up to Rs.100 crore...
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Benefits Under Section 80-Jjaa of The Income-Tax Act Extended To Footwear And Leather Industry
Posted Date : 01-Feb-2018 , 01:58:05 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed to extend the benefits under Section 80-JJAA of the Income-tax Act to footwear and leather industry. While presenting the General Budget 2018-19 in Parliament here today, the Union Finance Minister said, “Curr...
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Union Budget 2018 Highlights
Posted Date : 01-Feb-2018 , 01:02:21 pm | Posted By CASANSAAR
Union Budget Highlights
2018-19
Personal Income Tax rates unchanged; Rs. 40k standard deduction in lieu of present exemption: FM
Senior citizens can claim benefit of reduction Rs. 50,000/ year w.r.t any general health expenditure and health insurance premium: FM
Rs 40,000 standard de...
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Union Budget 2018 - Live Updates
Posted Date : 01-Feb-2018 , 01:26:35 am | Posted By CASANSAAR
FM Arun Jaitley to present Union Budget 2018 today. CASANSAAR are providing you live updates of Union Budget 2018. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES.
FM closes his Budget speech and now its time for reactions.
The key takeaways for the market remains the fisc...
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Union Budget 2018 - Watch Live Telecast Online on casansaar.com
Posted Date : 31-Jan-2018 , 09:49:12 pm | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget 2018 in the Parliament on 01st Feb 2018.
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Finance Minister to present Union Budget for the next fiscal in Parliament today
Posted Date : 01-Feb-2018 , 09:09:52 am | Posted By CASANSAAR
Finance Minister Arun Jaitley will present the Union Budget for the next fiscal in Parliament today.
He will first present the budget in the Lok Sabha and then in the Rajya Sabha.
Last evening, he examined the final draft of the budget at North Block in the presence of Ministers of...
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Economic Survey 2017-18 predicts 7 to 7.5 percent of country’s GDP growth in 2018-19
Posted Date : 29-Jan-2018 , 02:09:45 pm | Posted By CASANSAAR
Economic Survey 2017-18 has predicted 7 to 7(point) 5 percent of country’s GDP growth in 2018-19. It says that a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. It said the employ...
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Budget session of Parliament begins today
Posted Date : 29-Jan-2018 , 09:00:09 am | Posted By CASANSAAR
The Budget session of Parliament begins today. The first phase of the session will commence with President Ram Nath Kovind's address to a joint session of both the houses. The Economic Survey will also be tabled today. The Budget will be presented on Thursday.
During the session, the governme...
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Printing of Union Budget documents 2018-19 begins
Posted Date : 22-Jan-2018 , 09:47:53 am | Posted By CASANSAAR
The printing of union budget documents 2018-19 started pm on Saturday with the traditional annual Halwa ceremony.
Finance Minister Arun Jaitley performed the symbolic Halwa ceremony along with Minister of State for Finance Shiv Pratap Shukla and other senior officials at North Block in New ...
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Budget Session of Parliament to begin from 29th Jan; General budget on 1st Feb
Posted Date : 05-Jan-2018 , 07:30:55 pm | Posted By CASANSAAR
The Budget Session of Parliament will be convened from 29th of this month.
Cabinet Committee on Parliamentary Affairs (CCPA) met in New Delhi and recommend to the President to convene the session.
After the meeting, Parliamentary Affairs Minister Ananth Kumar told reporters in New ...
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Government spending, Deficit in focus ahead of budget
Posted Date : 26-Dec-2017 , 12:38:10 pm | Posted By CASANSAAR
As the government gets down to the business of drawing up the budget, there is a growing view among some influential sections that there should not be any spending cut on key programmes to meet the fiscal deficit target.
The reasoning is that fiscal slippage, if any, is likely to be from th...
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First post-GST budget likely on February 1
Posted Date : 04-Dec-2017 , 09:58:38 am | Posted By CASANSAAR
Finance Minister Arun Jaitley is likely to present India's first post-GST and the current government's last full Budget on February 1 next year.
The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of...
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Finance Bill 2017 passed in Lok Sabha, mini reforms package
Posted Date : 23-Mar-2017 , 09:13:27 am | Posted By CASANSAAR
The Lok Sabha on Wednesday signed off on Finance Bill 2017, ratifying the government’s tax proposals announced in the budget and also a small but significant package of reform initiatives directed at improving the ease of doing business and boosting anti-corruption initiatives undertaken by th...
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Finance Bill will be passed before March 31 - FM
Posted Date : 08-Mar-2017 , 08:02:46 am | Posted By CASANSAAR
Finance minister Arun Jaitley on Tuesday said the Finance Bill pertaining to the budget 2017-18 will be passed before March 31. This will enable ministries to plan their spending from April 1 as the funds will be available from the start of the fiscal year.
The date for presentation of Union Budg...
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Budget to ensure transparency in political funding - ICAI
Posted Date : 02-Feb-2017 , 08:24:58 am | Posted By CASANSAAR
Apex body of chartered accountants ICAI said the stringent and bold measures proposed in the Union Budget would ensure transparency in electoral funding.
In the Budget, the government has proposed restricting permissible cash donation from any person to a political party at Rs 2,000, among other ...
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Auditors, valuers to be fined Rs 10,000 for incorrect certificate
Posted Date : 02-Feb-2017 , 08:20:32 am | Posted By CASANSAAR
Finance Minister Arun Jaitley on Wednesday proposed to penalise accountants, merchant bankers or registered valuers if they provide incorrect information or certificate.
New section 271J proposed to be inserted to provide that penalty of Rs.10,000 would be levied, if an accountant or a merchant b...
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