Mon, Apr 01, 2024
The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.
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Sat, Feb 24, 2024
The Petroleum Ministry had sought budgetary support to drill four stratigraphic wells in Category II and Category III basins in India’s offshore region to obtain critical data for a robust modelling of petroleum reserves.
Tue, Feb 20, 2024
During the current financial year, the Indian economy is estimated to grow at 7.3 per cent. This would be the third year in the row when the GDP would grow in excess of 7 per cent.
Mon, Mar 22, 2021
Ministry of Finance has issued a statement in which it said that taxpayers are free to utilise Input Tax Credit (ITC) available in their credit ledger as permissible by law to discharge their GST due for March month.
Sun, Mar 21, 2021
According to a latest development, the Finance Ministry on Saturday said it has not issued any instructions to officials to ask taxpayers to pay maximum GST liability in cash.
Thu, Dec 31, 2020
Income Tax Return Filing Deadline: In one of the biggest developments in terms of money matters and personal finance, the government on Wednesday extended the deadline to file income tax return (ITR) for individuals by 10 days to January 10, 2021
Wed, Dec 30, 2020
Income tax return filing due date: FOR INDIVIDUALS: Deadline for filing income tax returns by individuals extended by 10 days to January 10, 2021
Income tax return filing due date: Will Union Finance Minister Nirmala Sitharaman extend Income Tax Return (ITR) filing last date for tax payers?
Sun, Dec 20, 2020
The government had in May decided to link grant of additional borrowing permission to states with reforms undertaken by them to facilitate ease of doing business.
Sun, Nov 29, 2020
It's an important development pertaining to the eligibility of reimbursements under LTC cash voucher scheme.
Sat, Nov 14, 2020
In an advisory to the public sector companies under the Cetral government, the ministry said it has observed that most CPSEs pay interim dividend in February/March.
Thu, Nov 12, 2020
"Production Linked Incentive worth Rs 1.46 lakh crore offered to 10 champion sectors, to help boost competitiveness of domestic manufacturing," Finance Minister Nirmala Sitharaman said.
This decision paves the way for putting in place the rules for the various aspects of banking operations that would be permissible at the IFSC.
Tue, Nov 03, 2020
In a major development, Ministry of Finance has issued an official statement on the 'factual position in respect to Service Charges levied by banks'."
Sun, Oct 25, 2020
The government on October 12 announced the LTC cash voucher scheme under which central government employees can purchase any goods or services with GST rate of 12 per cent or above to avail the benefit.
Wed, Oct 14, 2020
Ministry of Finance has issued a statement on misinterpretation of Leave Travel Concession (LTC) stimulus and its benefits.
Thu, Oct 01, 2020
In a major development, Ministry of Finance has issued a clarification on doubts arising on account of new Tax Collection at Source (TCS) provisions.
"It has been reported that even after more than 9 months of the first notification in this regard, some of these taxpayers having aggregate turnover of Rs. 500 crore and above are still not ready," Ministry of Finance said.
Mon, Sep 28, 2020
In a major announcement, the Finance Ministry has said there is no requirement of scrip-wise reporting in the Income Tax returns form for day trading or short-term sale/purchase of listed shares.
Sun, Sep 27, 2020
Parliament has approved Rs 20,000 crore for Public Sector Bank (PSB) capital infusion as part of the first batch of Supplementary Demands for Grants for 2020-21 which sought additional spending of a record Rs 2.35 lakh crore primarily to meet expenses for combating the COVID-19 pandemic.
Sun, Sep 20, 2020
GSTN has decided to reward the best entry with a prize money of Rs 1 lakh while four second best entries would get Rs 50,000 each and 20 third best entries Rs 10,000 each.
Tue, Sep 08, 2020
"As of 3 Sept 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,61,017.68 crore, of which Rs 1,13,713.15 crore has already been disbursed," the finance minister said in a tweet.
Mon, Sep 07, 2020
Finance ministry is planning to include rehabilitation and tenant units in case of slum development projects under affordable housing, sources told exclusively to Zee Business.
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