Business

New Delhi: Finance Minister Nirmala Sitharaman Sunday said buyback proceeds for all types of shareholders will be taxed as capital gains. Presenting the Union Budget for 2026-27, Sitharaman also proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per...

New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed a six-month foreign asset disclosure scheme for small taxpayers like students, tech professionals and relocated NRIs as she presented the Union Budget 2026-27. She said there will be no interest liability on taxpayers on the penalty amount...

New Delhi: Finance Minister Nirmala Sitharaman Sunday said the government expects the fiscal deficit to be at 4.3 per cent of the GDP in 2026-27, lower than 4.4 per cent projected for the current financial year. In her 2026-27 Budget speech, Sitharaman also said the...

New Delhi: Finance Minister Nirmala Sitharaman Sunday said the Income Tax Act, 2025 will be implemented from April 1 and rules and tax returns forms will be notified shortly. Beginning April 1, the Income Tax Act, 2025, will come into force, replacing the six-decade-old tax...

New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to increase time limit for filing revised income tax (I-T) return from December 31 to March 31, on payment of nominal fee. The government also proposed a reduction in TCS rate for pursuing education and medical education...

New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed seven high-speed corridors among various cities and a new dedicated freight corridor between Dankuni in West Bengal and Surat in Gujarat in the Union Budget for 2026-27. "In order to promote an environmentally-sustainable passenger system, we will...

New Delhi: The government has proposed to lower debt-to-GDP ratio to 55.6 per cent in FY27, from 56.1 per cent in the current fiscal year, Finance Minister Nirmala Sitharaman said Sunday. Presenting the Union Budget 2026-27, she said the Centre has allocated Rs 5,000 crore...

New Delhi: The Government will set up five university townships in the vicinity of major industrial logistics centres, Union Finance Minister Nirmala Sitharaman announced Sunday. Presenting the Union Budget for 2026-27 in the Lok Sabha, Sitharaman also announced the setting up of one girls' hostel...

New Delhi: Finance Minister Nirmala Sitharaman Sunday said individual persons residing outside India (PROI) will be permitted equity investments in listed Indian companies through a portfolio investment scheme. She also proposed raising investment limit for PROIs to 10 per cent from 5 per cent. The...

New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to set up five hubs for medical tourism and a Rs 10,000-crore outlay for Biopharma Shakti programme over the next five years. Presenting the Union Budget, she said, "I propose to launch a scheme to support states...