Receipts and disbursements which do not form part of the Consolidated Fund of India are included in the public accounts of India.
The consumer pays the service tax to the service provider while paying the bill. The government in turn collects the tax from the service providers.
The Union Budget, in a nutshell, is nothing but a statement of income and expenditure. Two important elements on both sides - income and expenditure - are Revenue Receipts and Revenue Expenditure.
People, who commented on the online forum seeking suggestions for the budget, have wished that minimum exemption for income tax purposes be raised to Rs 5 lakh from Rs 3 lakh at present.Examples of indirect taxes in India include service tax, central excise and customs duty, value added tax (VAT) and most importantly goods and services Tax (GST).
Disinvestment is the process by which the Union government either sells its stakes in a PSU–fully or partially–or lists it on the stock market.
The decision on whether a bill is related to finance or money is made by the Speaker when passed by the Lok Sabha and then sent to Rajya Sabha.
In the governments’ balance sheet, the difference between total revenue and total expenditure is termed as Fiscal Deficit.
A taxpayer, for example, pays direct taxes to the government for different purposes, including real property tax, personal property tax, income tax or taxes on assets.
The fund that is set up specifically to meet the challenges at the time of a crisis is known as the contingency fund.
Budget 2019 LIVE: Income tax exemption limit relief and job creation would be the two keenly watched announcements in finance minister Nirmala Sitharaman's maiden Union Budget of the Narendra Modi government 2.0
Pakistan and Bangladesh face off in an ICC World Cup 2019 group stage encounter at Lord’s on Friday (July 4) that is sure to be an intense affair between two.
Pakistan are all set to take on Bangladesh in a dead-rubber encounter at the Home of Cricket i.e. Lord's in London on Saturday (July 4)
Asian rivals Pakistan and Bangladesh face off in their final game of the ICC World Cup at Lord’s on Friday (July 5). Both sides will be going into the contest with a couple of injury doubts and possibly needing to make a change.
There is very little chance of rain as per predictions, but the English weather and predictions don't always go hand in hand.
The updated ICC World Cup 2019 points table after West Indies vs Afghanistan.Pakistan and Bangladesh face off in an ICC World Cup 2019 group stage encounter at Lord’s on Friday (July 4) that is sure to be an intense affair between two.Pakistan are all set to take on Bangladesh in a dead-rubber encounter at the Home of Cricket i.e. Lord's in London on Saturday (July 4)Asian rivals Pakistan and Bangladesh face off in their final game of the ICC World Cup at Lord’s on Friday (July 5). Both sides will be going into the contest with a couple of injury doubts and possibly needing to make a change.There is very little chance of rain as per predictions, but the English weather and predictions don't always go hand in hand.The updated ICC World Cup 2019 points table after West Indies vs Afghanistan.
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