Jaswant To Alter Tax Measures

Image
BUSINESS STANDARD
Last Updated : Jan 28 2013 | 12:58 AM IST

Finance minister Jaswant Singh has decided to initiate a few changes in the 20002-03 tax measures in a policy statement he is scheduled to make in Parliament next week while moving the first supplementary demand for grants.

Singh held a meeting of his senior officials on Wednesday to discuss the tax measures and some other measures to boost investor confidence.

According to officials, there is a strong possibility of a review of Section 88 benefits and also of an increase in the tax deducted at source ceiling on income from interest and dividend from the present Rs 1,000 to Rs 2,500 per annum.

Officials said the proposals being discussed would fit Singh

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 26 2002 | 12:00 AM IST

Next Story