Branded garments will become cheaper despite hike in its excise duty as a result of the government raising the abatement from 55 per cent to 70 per cent under the budgetary proposals for 2012-13.

Th

Implementation of the Direct Tax Code (DTC), the proposed reforms in the direct tax system, will miss the deadline of April 1, 2012, Finance Minister Pranab Mukherjee said on Friday.

Presenting the u

Indian equities markets rose as Finance Minister Pranab Mukherjee on Friday started reading out his budget speech with promises of cutting subsidies and improving the investment environment.

The 30-s

Erasing early gains of about 195 points, the BSE benchmark Sensex was trading just about 26 points up amid Finance Minister Pranab Mukherjee unveiling the Budget proposals.

The 30-scrip BSE benchmar

Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals to be

Presenting corporate America's wish list for the Indian budget, a leading US-India trade association wants India to press forward with bold economic reforms to make it easier for companies to conduct

The cash-starved airline industry is looking forward to the ensuing budget with great expectations as it desperately wants changes in the FDI policy on aviation and more tax sops to help reduce the

The government announced on Tuesday the budget session of Parliament will be convened on March 12 and the 2012-13 Union budget presented on March 16.

The session usually begins in the third week of F

The finance ministry is considering increasing the tax exemption level for personal income-tax to Rs 2 lakh in the forthcoming Union Budget, likely to be presented in the middle of March, sources said

The Union Budget 2012-13 is likely to be presented in Parliament in the second week of March, after Assembly elections are over in five states.

The government feels the Budget should be tabled only