Tag: Parliamentary standing committee

Parliamentary panel calls all defence service chiefs

Apr. 10 General News, India News Comments Off

The breaking news, Parliamentary Standing Committee on Defence has summoned three armed service Chiefs today.

This action against them is to clarify their points over the controversial move of lack of defence preparedness communicated by Army top official Chief Gen. V K Singh in his leaked letter to Prime Minister Manmohan Singh.

The notice has been issued to all of three to present before Committee with their clear standing views on April 20. Read more

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Budget 2012: Finance panel expects income up to Rs 3 lakh made tax-free

Mar. 03 Business Comments Off

budget 2012 300x225 Budget 2012: Finance panel expects income up to Rs 3 lakh made tax freeToday’s good news for taxpayers, who wants to save their money not easing to tax, is that the Parliamentary standing committee on finance in line with the DTC Bill this budget recommends hiking basic tax exemption limit from Rs 1.8 lakh to Rs 3 lakh and another Rs 3.20 lakh rebate for eligible investments and spending.

However while these recommendations will approve by govt., then taxpayers would pay tax on upto Rs 6.20 lakh as against a maximum of Rs 4.85 lakh including the rebate for housing loans. Read more

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