-The Times of India NEW DELHI: The government's drive, through a non-filer monitoring system, to target those who indulge in high value transactions but don't pay enough taxes has forced the filing of at least Rs 1.7 crore extra returns and helped the Centre mop up close to Rs 26,500 crore till December. In a written reply, finance minister Arun Jaitley told Parliament on Friday that for the past few years, the...
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SBI's Budget 2018 pitch: Increase income tax exemption limit to Rs 3 lakh
-PTI NEW DELHI: With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said on Monday. The move will benefit around 75 lakh people, it said. The SBI's Ecowrap report further said that if the exemption limit of interest payments under housing loan is increased to Rs 2.5 lakhs for existing home loan...
More »Fact Check: Demonetisation's Effect on Increase in Direct Taxes and Income Tax Base -James Wilson
-TheWire.in Despite government press releases, as of August 2017, there doesn’t appear to have been a substantial increase in the number of new tax payers or direct tax collection as a result of demonetisation. On the morning of August 8, most of our newspapers – both national as well as regional ones – ran headlines about the giant leap in the income tax returns received as well as the increase in advance...
More »Kutch villages protect water table with community wells -Parth Shastri
-The Times of India Ahmedabad: As the state reels under water scarcity this summer staring at empty dams on minor rivers, several areas in Kutch are still satiating their drinking water needs from carefully managed groundwater. A total of 300 villages of four talukas on coastal area - Abdasa, Mandvi, Mundra and Anjar - are involved in an aquifer management project for the past four years. This summer has showed a marked difference...
More »Govt crowdsources Budget-making exercise -Annapurna Singh
-Deccan Herald MoF wants more transparency and public involvement For the first time, the government has decided to go for crowdsourcing in the Budget-making exercise and invited suggestions from the public for India’s Budget to be presented in February-March next year. The step has been taken to infuse more transparency into the Budget-making and increase people‘s participation in the mammoth exercise. “In order to infuse more transparency into the Budget-making exercise and to have...
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