Saturday, February 28, 2015

2015 BUDGET Cherry Picking X Pebbles Gathering






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Budget 2015: How it will affect your personal finances

Budget 2015: Progressive steps to tackle Silver Tsunami


Key Highlights

·         Black money: 6 months for voluntary disclosure?
02:12 PM
·         Yoga included in the ambit of charitable purposes under the Income Tax Act.
12:34 PM
·         Individual tax payer will benefit to the extent Rs 4,44,200 from the exemptions announced.
12:33 PM
·         Govt to reduce custom duty on 22 items.
12:21 PM
·         Quoting PAN a must for all purchases above Rs 1 lakh.
12:16 PM
·         Corporate tax reduced from 30% to 25% over next four years
12:09 PM
·         Are you satisfied with the Budget? Write in your reactions here
12:06 PM
·         Defence allocation for this fiscal is Rs 2,46,727 crore.
12:04 PM
·         AIIMS to be set up in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam.
12:02 PM
·         Govt to raise visa-on-arrival facilities to 150 countries from 43

·         Direct tax proposals will lead to loss of Rs 8,315 crore; indirect proposal will yield Rs 23,383 crore.

·         We have been consistent in what we have said and what we are doing: Arun Jaitley.

Non-filing of returns, or filing of returns with inadequate information will attract rigorous imprisonment.
Replacing wealth tax with a surcharge on super-rich will lead to Rs 9,000
crore additional income.

Jaitley means business

The Modi imprint on the Budget

Aarati Krishnan

Jaitley’s first full-fledged Budget is his own, but it was impossible to miss the Prime Minister’s stamp »

Markets give green signal

Our Bureau

Sensex swings 768 points intra-day »

Petrol, diesel dearer by ₹3/litre

Our Bureau

Global oil price increase and rupee weakness cited as reasons »      2 comments
Quick View

Budget 2015: Jaitley takes away more than he gives

Arun Jaitley, Finance Minister (file photo). Save for piecemeal import duty hikes, the Budget hasn’t handed out too many sops to either exporters or domestic manufacturers.

Aarati Krishnan

Given the sky-high expectations in the run-up to this Budget, the market was setting itself up f... »      3 comments

Budget 2015: Four tax moves to fatten your purse​

Parvatha Vardhini C

What’s changed An increase in basic tax exemption limit and a raising of tax sla... »




Contempt for the common man

Eyes on the horizon


A great leap forward

Too good to be true? Vibrant with colour and purpose Cranach /


The Budget backs up vision with initiatives, creating a workable formula for growth »

It’s not all hunky-dory

Budget 2015: Home buyers will have to pay more

Anil Urs

Regulation on development: Real estate taking over the forest lands.The increase of nearly 2 per cent in service tax is going to increase the overall costs of home... »

Higher rebate for health cover is advantage insurance sector

‘Modi’s first Budget has failed the people’

Our Bureau

No cause for cheer Former Finance Minister P Chidambaram in New Delhi on Saturday PTIJaitley has favoured corporates and income-tax payers, says Chidambaram »


Jaitley justifies cut in corporate tax rates

Shishir Sinha

Finance Minister Arun JaitleyThe high rate is one of the reasons for investors moving out, says Finance Minister »

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