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Showing posts with the label fiscal budget 2018

Budget 2018: Increase tax exemption limit to Rs 300,000, says SBI report

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The government has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15 BUDGET NEWS :   With upward thrust in non-public disposable profits submit 7th Pay fee, the earnings tax exemption restrict desires to be raised through Rs 50,000 to Rs three hundred,000 a SBI record stated today. The circulate will gain round 75 lakh humans, it stated. The SBI's Ecowrap record similarly said that if the exemption restriction of interest bills below housing mortgage is increased to Rs 250,000 for existing home loan shoppers, from Rs 2 hundred,000 now, it will benefit seventy five lakh home loan consumers and price the authorities pretty much Rs seventy five billion. Finance Minister Arun Jaitley is set to provide the 5th and very last complete price range of the modern government on February 1. The government has periodically expanded the profits tax slabs from Rs 22,000 in 1990-ninety one to Rs 2.5 lakh in 2014-15. "d...

Budget 2018: Retailers seek industry status, simple GST, better FDI norms

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The industry is also seeking relaxed FDI regime for multi-brand retail trade as also incentives to be provided for setting up warehousing and cold-chain storage facilities BUDGET NEWS   :    In the run up to the price range, shops have asked the authorities to simplify GST system and furnish industry reputation to the world for easier access to finance and entice extra investments. besides, the enterprise is likewise looking for at ease FDI regime for multi-emblem retail change (MBRT) as additionally incentives to be supplied for putting in place warehousing and bloodless-chain garage centers. In a pre-budget desire list, the outlets affiliation of India (RAI) said invoices issued to BTC (bank switch compliant) purchasers need to be simplified and the need for manual signature and multiple copies to get GST refund should be eliminated. "RAI has highlighted several practical issues and operational demanding situations confronted via shops on the sub...

Budget 2018: Retailers seek industry status, simple GST, better FDI norms

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The industry is also seeking relaxed FDI regime for multi-brand retail trade as also incentives to be provided for setting up warehousing and cold-chain storage facilities BUDGET  NEWS  :  In the run as much as the price range, retailers have asked the authorities to simplify GST gadget and furnish industry popularity to the arena for easier get right of entry to to finance and entice greater investments. besides, the enterprise is likewise seeking cozy FDI regime for multi-logo retail trade (MBRT) as also incentives to be provided for putting in place warehousing and cold-chain storage facilities. In a pre-budget desire listing, the outlets association of India (RAI) said invoices issued to BTC (financial institution transfer compliant) customers need to be simplified and the want for manual signature and more than one copies to get GST refund need to be eliminated. "RAI has highlighted numerous sensible troubles and operational challenges confronted ...