India imports a major part (around 70%) of its crude oil requirement. The import bill was around Rs 4,70,000 crore for the Financial year 2016-17. The average price of Indian basket of crude in 2015-16 was $ 46.17/barrel, the lowest since 2004-05. (1 barrel of crude = 159 liters ) Decline in crude oil prices helps the government manage its finances […]
Business & Politics
Pradhan Mantri Bhartiya Jan Aushadhi Yojana – Govt’s Low cost & Affordable Generic Drugs!
All of us need medicines at some time or the other for – treatment/cure of various diseases, controlling worsening of illnesses, alleviating symptoms (or) for prevention. It is a well-known fact that branded medicines are generally sold at significantly higher prices in India. We all feel the pinch of it! When we get fever, we […]
Benami Properties – Definition, Exceptions & Penalties | Linking Aadhaar to Property documents, a good solution?
Black money, Demonetization, Benami, Aadhaar etc., are few of the most searched words on internet these days. After the surgical strike on black money through demonetization in November 2016 , the govt has made it intentions very clear and has warned benami property holders that their next step would be against them. Of-late, you must […]
Budget 2017 : 15 Key Direct Tax proposals that You need to be aware of!
Indian Finance Minister, Shri Arun Jaitley has tabled the Union General Budget 2017-18 in the Parliament on 1st Feb, 2017. This year, both, the General Budget and the Railway Budget have been combined and presented as a single budget. I have tried to list down some of the important Personal and Direct Tax proposals in this […]
Income Tax Slab Rates for FY 2017-18 / AY 2018-19 (Budget 2017-18)
Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2017-18 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2017-18 or AY 2018 -19. (FY is Financial Year and AY is Assessment Year) Latest Income Tax Slab Rates for FY 2017-18 The income tax slabs & rates are categorized as below; * Individual resident […]
How to declare Undisclosed Income (Black Money) under PMGKY online? | New Income Declaration Scheme
After a reasonable success of its first Income Declaration Scheme (IDS), the central government has again come up new IDS called as Pradhan Mantri Garib Kalyan Yojana. This is the second income disclosure scheme brought in by the government this year, and the first after the cancellation of old high-value banknotes on 8 November, 2016. […]
