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2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
3 mins read
Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams
There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…
1 min read
After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters
As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…
PTI
2 mins read
Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024
As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…
ANI
2 mins read
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
2 mins read
Startups demand angel tax elimination, incentives on investments in upcoming budget
Startups in India have high expectations from this year's upcoming Union Budget. The early-age star…
ANI
2 mins read
54th GST Council meeting to take place on September 9 in New Delhi
The 54th GST Council meeting took place on September 9, 2024, in New Delhi to address rate rational…
ANI
3 mins read
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
2 mins read
Filing your ITR at the last minute? Don't make these mistakes
As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…
4 mins read
Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts
According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…
PTI
6 mins read
Union Budget 2024: A handy FAQ guide to decode the upcoming budget
Weeks before the budget presentation, the finance minister also meets representatives from vario…
1 min read
Direct tax collections rise 18% so far in current financial year
The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…
2 mins read
Union Finance Minister Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today
Union finance minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, …
ANI
2 mins read
Centre releases ₹1,39,750 crore to states towards tax devolution for June
The biggest chunk of the fund went to Uttar Pradesh at Rs 25,069.88 crore, followed by Bihar at Rs …
ANI
2 mins read
SBI report deciphers India's GDP surge and economic projections
India's GDP expanded by a remarkable 8.4 per cent during this period, following consecutive quarter…
ANI
2 mins read
Govt hikes windfall tax on domestic crude, reduces levy on export of diesel
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…
ANI
2 mins read
Mobile Number Portability revamped to reduce SIM swap frauds – Here are the new rules
There has been a considerable increase in online scams in the country, with SIM swap scam emerging …
2 mins read
SBI Eco Research forecasts Q3 FY24 GDP growth at 6.8% amid global complexities
According to their report, the GDP growth is likely to be at 6.8 per cent, based on an unchanged ba…
ANI
2 mins read
Gold medalist in central bank Olympics-All you need to know about RBI governor Shaktikanta Das
EU's Christine Lagarde, Cambodia's Chea Serey and Sweden's Erik Thedéen were amongst those receivin…
2 mins read
DPIIT recognises 1.40 lakh entities as startups as on June 30, 2024
Under Fund of Funds for startups, Rs 805.86 crore was invested in the startups by supported AIFs (A…