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2025 Union Budget: Zero tax up to ₹12 lakh, but fine print leaves many confused
The 2025 Budget brought relief for taxpayers since incomes up to ₹12 lakh will not be taxed, but many are struggling to understand how it actually works
Published on Feb 01, 2025 03:39 PM IST
Aadrika Sominder
What the FCRA amendments mean
The Bill amends the Foreign Contribution (Regulation) Act 2010 (FCRA 2010) to make several new provisions. The FCRA 2010 has already been amended twice.
Updated on Sep 22, 2020 11:48 PM IST
Hindustan Times, New Delhi | Zia Haq
TCS to be levied on foreign tax remittances: All you need to know
A TCS of 5% was announced in Union Budget 2020, which was presented in February.
Updated on Sep 10, 2020 04:04 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Karan Manral
Gross Direct Tax collection grew 8% in FY20, says CBDT
The revenue impacts of corporate tax reforms and personal income tax concessions were ₹1,45,000 crore and ₹23,200 crore, respectively.
Published on Jun 08, 2020 05:25 AM IST
Hindustan Times, New Delhi | Rajeev Jayaswal
‘No extension of fiscal year’: Finance Ministry after rumours abound
Officials said a gazette notification issued late on Monday evening pertained to date of applicability of stamp duty which has been changed from April 1 to July 1.
Updated on Mar 30, 2020 11:20 PM IST
New Delhi | Press Trust of India
Home loan tax rebate: Have you claimed these tax benefits yet?
Under Section 80C of the Income Tax Act, borrowers can claim tax exemptions of up to Rs.1.5 lakh on the annual home loan principal repaid.
Updated on Jan 31, 2020 11:18 AM IST
Petition over electoral bonds in Supreme Court on January 20
The Finance Act, 2017 introduced a system of electoral bonds to be issued by any scheduled bank for the purpose of electoral funding.
Updated on Jan 18, 2020 11:44 PM IST
Hindustan Times, New Delhi | HT Correspondent
Aadhaar impact?: 7-judge bench to look at passage of 2017 Finance Act
The decision virtually reopened the 2018 Aadhaar judgment since it upheld the validity of the passing the Aadhaar Act, 2016 as a Money Bill.
Updated on Nov 14, 2019 05:35 AM IST
Hindustan Times, New Delhi | HT Correspondent
Lok Sabha elections 2019: All you need to know about electoral bonds
Electoral bonds, unlike debt instruments, resemble promissory notes, which allow donors to pay political parties with banks as an intermediary. These were introduced after changes in the Finance Act 2017.
Updated on Apr 24, 2020 05:14 PM IST
Hindustan Times, New Delhi | HT Correspondent
Privacy of electoral bond buyers vital: Centre tells Supreme Court
The affidavit was in response to a petition filed by the CPI (M) questioning the law that permits “unlimited and anonymous” corporate funding of elections by way of electoral bonds.
Published on Mar 14, 2019 11:40 PM IST
Hindustan Times, New Delhi | Bhadra Sinha and Smriti Kak Ramachandran
Slash cap on anonymous donations to parties from ₹20,000 to ₹2000: Election Commission asks govt
There is no constitutional or statutory prohibition on receipt of anonymous donations by political parties. But there is an “indirect partial ban” on anonymous donations through the requirement of declaration of donations under Section 29C of The Representation of the People Act.
Updated on Oct 17, 2018 11:34 PM IST
New Delhi | Press Trust of India
The path to reforms: Ensure enforcement, bring clarity
Election Commission of India (ECI) is outgunned when it comes to confronting those who circumvent existing campaign finance rules and lacks power to sanction candidates.
Updated on Jul 27, 2018 10:03 AM IST
Devesh Kapur, E Sridharan and Milan Vaishnav