A New Health Protection Scheme to provide health cover up to Rs.1 lakh per family announced

National Dialysis Services Programme to be launched3000 Stores to be opened under Prime Minister’s Jan Aushadhi Yojana during 2016-17 The Minister for Finance and Corporate Affairs and Information and Broadcasitng, Shri Arun Jaitley has announced a New Health Protection Scheme in the Budget 2016-17. In his Budget address in the Parliament today, the Finance Minister…

Reducing black money through a Scheme to declare undisclosed income by paying 45% tax in a given compliance window

While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley proposed a Scheme to declare undisclosed income by paying 45% tax in a given compliance window.Shri Jaitley proposed a limited period Compliance window for domestic taxpayers to declare undisclosed income or income represented in the form of…

Simplification and Rationalization of Taxation

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the Government has already accepted many recommendations of Tax Administration Reform Committee. He further proposed to accept a number of recommendations of Justice Easwar Committee in Budget 2016-17. In order to reduce multiplicity of taxes, associated…