It was early Diwali on Dalal Street after Finance Minister Nirmala Sitharaman on Friday unveiled a bonanza for Indian companies as she slashed tax rate for corporates. The move has been dubbed as the biggest policy reform since 1991. Sensex zoomed 1,921 points, or 5.32 per cent to 38,014.62, while NSE Nifty jumped 5.32 per cent or 569.40 points to 11,274.20. Both the indices witnessed their best percentage gains since May 18, 2009. Market expert Rajiv Nagpal shares his views. (Text: ETMarkets.com)
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Watch Govt cuts corporate tax: How it will benefit Indian economy, markets | Economic Times With HD Quality.
It was early Diwali on Dalal Street after Finance Minister Nirmala Sitharaman on Friday unveiled a bonanza for Indian companies as she slashed tax rate for corporates. The move has been dubbed as the biggest policy reform since 1991. Sensex zoomed 1,921 points, or 5.32 per cent to 38,014.62, while NSE Nifty jumped 5.32 per cent or 569.40 points to 11,274.20. Both the indices witnessed their best percentage gains since May 18, 2009. Market expert Rajiv Nagpal shares his views. (Text: ETMarkets.com)
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कैशलेस इकॉनमी को बढ़ावा देने के मकसद से केंद्र सरकार ने छोटे कारोबारियों को टैक्स में छूट दिए जाने का ऐलान किया है। वित्त मंत्री अरूण जेटली ने बताया कि डिजिटल पेमेंट स्वीकार करने वाले 2 करोड़ रुपये से कम की टर्नओवर वाले कारोबारियों को कम टैक्स चुकाना पड़ेगा...जेटली ने कहा कि 2 करोड़ पर चेक या डिजिटल मोड से पेमेंट ट्रांजेक्शन पर आय 6 फीसदी यानी 12 लाख मानी जाएगी। डिजिटल पेमेंट नहीं करने पर यह आय 8 फीसदी यानी 16 लाख मानी जाएगी। यानी डिजिटल कारोबार नहीं होने की स्थिति में अनुमानित आय 8 फीसदी मानी जाएगी। उन्होंने कहा कि डिजिटल मोड से पेमेंट से कम टैक्स देना पड़ेगा। सरकार के इस फैसले से 2 करोड़ के टर्नओवर वाले कारोबारियों को राहत मिलनेवाली है..वित्त मंत्री अरूण जेटली ने कहा कि भारतीय रिजर्व बैंक नोटबंदी के लिए पूरी तरह से तैयार था। उसके पास पर्याप्त मात्रा में मुद्रा उपलब्ध है जो 30 दिसंबर के बाद भी चलेगी। बैंकों से कहा गया है कि वे गड़बड़ी करने वाले अधिकारियों के खिलाफ कार्रवाई करें। उन्होंने कहा कि नोटबंदी के बाद हर बैंकों को पैसा भेजा गया। यह देखा गया कि नोटबंदी के बाद क्रेडिट और डेबिट कार्ड का इस्तेमाल बढ़ा है..
Watch DB LIVE | 20 DEC 2016 | Govt to offer tax benefit to promote cashless economy: Arun Jaitley With HD Quality
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When the corporate tax rate was reduced to 25 per cent last month, it was termed as an early Diwali for the corporate sector. Now, taxpayers are hoping the government will gift them a similar tax relief. The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs. ET's Babar Zaidi explains the impact on your income tax. Watch now. (Text: ET Bureau)
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Finance Minister Nirmala Sitharaman Saturday presented a brief follow up on the government announcements made so far to fuel the economic growth. Listen-in.
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New Delhi: While speaking to mediapersons, Reserve Bank of India (RBI) Governor, Shaktikanta Das on Corporate tax cut said, “It's a positive step. India's corporate tax now becomes very competitive compared to other emerging market economies in ASEAN and other parts of Asia. So far as international investors are concerned, so far as FDI is concerned, I think, India stands definitely in a very competitive position, and should be able to attract higher investments.”
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