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Transactions involving royalty, tech fee taxable under I-T not liable for equalisation levy: Budget

Transactions involving royalty, tech fee taxable under I-T not liable for equalisation levy: Budget
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Last Updated: Feb 01, 2021, 09:21 PM IST
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The Union Budget clarified that transactions taxable under income-tax are not liable for equalisation levy. In the past, there have been concerns on the interpretation of the equalisation levy provisions.
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NEW DELHI: The government on Monday clarified transactions involving royalty/ technical services fee would be taxable under income-tax and not be liable for equalisation levy that is paid by foreign companies for conducting business with Indian parties, while explaining what would construe online sale of goods or services. ....

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salaried class expect tax relief in budget, 80C limit hike and more, Here's what FM have options | Budget 2021: सैलरीड क्लास को चाहिए टैक्स में छूट, 80C की ज्यादा लिमिट, क्या पूरी होंगी उम्मीदें, देखिए

salaried class expect tax relief in budget, 80C limit hike and more, Here's what FM have options | Budget 2021: सैलरीड क्लास को चाहिए टैक्स में छूट, 80C की ज्यादा लिमिट, क्या पूरी होंगी उम्मीदें, देखिए
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income tax: Experts do not expect any major income tax relief in Budget

However, experts believe the salaried or middle class may get some relief under Section 80C and 80D.
A source in Income Tax Department told ANI that stories are being published daily on various news platforms regarding the budget. However, they are far away from the truth.
Sources said some people are making their own assumptions and they suggested not to jump to conclusion. Suggestions are being discussed at top level and no one knows what is being decided, they added.
Tax experts speaking to ANI also agreed that there will not be any major Income Tax relief in this budget. ....

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Experts do not expect any major income tax relief in Budget

Experts do not expect any major income tax relief in Budget
By Shailesh Yadav |
Updated: Jan 28, 2021 17:02 IST
New Delhi [India], January 28 (ANI): Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is going to present on February 1 as the government is likely to leave income tax slabs untouched.
However, experts believe the salaried or middle class may get some relief under Section 80C and 80D.
A source in Income Tax Department told ANI that stories are being published daily on various news platforms regarding the budget. However, they are far away from the truth. ....

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India budget 2021: No major income tax relief expected, experts say

India budget 2021: No major income tax relief expected, experts say
IANS/New Delhi
AFP
Salaried or middle class may get some tax relaxation.
Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is going to present on February 1 as the government is likely to leave income tax slabs untouched.
However, experts believe the salaried or middle class may get some relief under Section 80C and 80D.
A source in Income Tax Department told ANI that stories are being published daily on various news platforms regarding the budget. However, they are far away from the truth. ....

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