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News Category : Budget

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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Category : Budget | Comments : 0 | Hits : 337

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 administration” und...

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Category : Budget | Comments : 0 | Hits : 827

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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Category : Budget | Comments : 0 | Hits : 329

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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Category : Budget | Comments : 0 | Hits : 1157

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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Category : Budget | Comments : 0 | Hits : 546

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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Category : Budget | Comments : 0 | Hits : 918

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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Category : Budget | Comments : 0 | Hits : 259

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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Category : Budget | Comments : 0 | Hits : 627

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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Category : Budget | Comments : 0 | Hits : 282

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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Category : Budget | Comments : 0 | Hits : 166

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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Category : Budget | Comments : 0 | Hits : 223

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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Category : Budget | Comments : 0 | Hits : 146

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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Category : Budget | Comments : 0 | Hits : 203

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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Category : Budget | Comments : 0 | Hits : 279

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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Category : Budget | Comments : 0 | Hits : 426

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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Category : Budget | Comments : 0 | Hits : 898

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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Category : Budget | Comments : 0 | Hits : 4879

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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Category : Budget | Comments : 0 | Hits : 1003

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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Category : Budget | Comments : 0 | Hits : 198

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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Category : Budget | Comments : 0 | Hits : 200

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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Category : Budget | Comments : 0 | Hits : 537

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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Category : Budget | Comments : 0 | Hits : 481

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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Category : Budget | Comments : 0 | Hits : 362

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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Category : Budget | Comments : 0 | Hits : 419

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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Category : Budget | Comments : 0 | Hits : 1224

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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Category : Budget | Comments : 1 | Hits : 1498

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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Category : Budget | Comments : 0 | Hits : 457

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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Category : Budget | Comments : 0 | Hits : 792

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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Category : Budget | Comments : 1 | Hits : 1728

Budget 2017 proposes a penalty for delayed filing of income tax return
Posted Date : 02-Feb-2017 , 08:14:54 am | Posted By CASANSAAR

Taxpayers who do not file their income tax returns (ITRs) on time will have to shell out a penalty of up to Rs10,000, but from the 2018-19 Assessment Year (AY). “In order to ensure that return is filed within due date, it is proposed to insert a new section 234F in the Act (I-T Act) to prov...

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Category : Budget | Comments : 0 | Hits : 1673

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