‘Optional tax breaks can hit LIC’

Estimated that LIC at pre-budget market environment could be valued at Rs 8-10 lakh crore.

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Budget proposals get bond investors’ aye

The central bank is estimated to have sold about $500-700 million in the spot market.

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PM asks for revamp of Govt’s two key insurance schemes

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) were reviewed by the PM where he asked for a digital platform to be created to settle all claims under the two schemes. ​​The Dept of Financial Services was also asked to “revisit the criteria and policy of the lien period” in both the policies.

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Will capital gains face TDS? Mutual fund houses to seek clarity

The Finance Bill specifies persons responsible for paying “income” shall deduct taxes at the rate of 10%.

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No tax relief for home buyers stuck in stalled projects, says apex body FPCE

"To infuse confidence in the sector, it was expected that some tax relief would be provided to those home buyers of delayed projects who are paying both EMI and rent," said Abhay Upadhyay, president of Forum for People's Collective Efforts.

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Banks, select financial institutions report frauds involving Rs 1.13 lakh crore in H1 of FY20: Nirmala Sitharaman

She said systematic and comprehensive checking, including legacy stock of PSBs' non-banking assets (NPAs), for frauds under the framework has been taken note of by the Reserve Bank of India (RBI) in its Financial Stability Report in December 2019, where it has observed that this has helped unearth frauds perpetrated over a number of years.

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Small savings rate may see moderation next quarter: DEA secy

During the current quarter, the government refrained from cutting interest rates on small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), despite moderating bank deposit rates.

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Financial companies feel I-T changes will hit industry, taxpayers

Stocks of insurers and financial companies led decliners on Saturday in Mumbai.

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Investors could be in for a dividend bonanza before April

A record 300 companies listed on BSE and NSE announced their plans to pay interim dividends.

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Avail scheme to get out of demonetisation jam: Revenue Secy Ajay Bhushan Pandey

The scheme will be with regard to unexplained bank deposits and not cash unearthed in raids.

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Explaining Budget proposals: Headed for lower tax and no exemptions, says FM

Sitharaman says taxpayers falling in certain brackets will gain from new regime, govt not exiting LIC.

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Budget 2020 the day after: NRIs' bona fide foreign income won't be taxed

The government said the provision was an “anti-abuse” one and will only apply to income that is generated locally.

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Employer’s contribution to PF over Rs. 7.5 lakh set to be taxed

The provision will lead to higher tax liability on both the employee and the employer, a senior government official told ET. Another official ET spoke to said it was indeed a revenue mobilisation measure, though the proceeds would be small.

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