Fri, Feb 14, 2025
New Income Tax Bill 2025: One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively replacing the term “assessment year.”
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Thu, Feb 13, 2025
Finance Minister Nirmala Sitharaman, while introducing the Bill in the Lok Sabha, had said that "substantial changes" have been made in the Bill. The number of words have been halved from 5.12 lakh, and sections reduced from 819 to 236. Following introduction, the Bill was referred to the select committee of the Lok Sabha and mandated to submit its report by March 10.
"There are no models that you can build and understand how the trends will be because they are very dynamic... Despite that, we have tried keeping the assessments as close as possible, keeping India's interests as topmost...This immense uncertainty is still playing out and many Indian imports which are very critical for our economy to grow are also going to be left with uncertainty," she said.
Wed, May 13, 2020
Income Tax deadline Alert: Giving relief to the income tax payers amid Coronavirus lockdown, Finance Minister Nirmala Sithaman has extended the deadline for Income Tax Return (ITR) filing from 30th June 2020 to 30th November 2020.
Giving a major relief to both employees as well as employers, Finance Minister Nirmala Sitharaman on Wednesday announced that the government will continue to contribute towards Employees' Provident Fund (EPF) on behalf of select businesses for another three months.
A day after PM Narendra Modi laid out his vision to get the Indian economy back on track after Coronavirus enforced lockdown, Finance Minister Nirmala Sitharaman announced a number of measures for small and medium enterprises today evening, providing some relief during the ongoing crisis.
Union Finance Minister Nirmala Sitharaman and MoS Finance Anurag Thakur on Wednesday addressed a press conference to give details of the Rs 20 lakh cr relief package amount announced by PM Narendra Modi in his address to the nation.
Union Finance Minister Nirmala Sitharaman will address a press conference to give details of the relief amount announced by the PM in his address to the nation.
Sun, May 10, 2020
Union Finance Minister Nirmala Sitharaman is all set to hold a review meeting with CEOs of public sector banks (PSBs) on Monday.
Tue, Apr 21, 2020
It's a proud moment, and good news as well for the employees and families of Public Sector Banks (PSBs).
Sun, Apr 19, 2020
All the Central government pensioners can now heave a sigh of relief as Modi government has confirmed that there is no proposal for reduction of pension and no action is being contemplated by the government in this respect, as per a report in PTI.
Fri, Apr 17, 2020
India`s finance minister said on Thursday the country could not support a general allocation of new Special Drawing Rights by the International Monetary Fund because it might not be effective in easing coronavirus-driven financial pressures
Tue, Apr 14, 2020
Finance Minister Nirmala Sitharaman last month had announced that as many of 20.5 crore women Jan Dhan account holders will get Rs 500 per month for next three months to run their households and deal with the hardships caused by the nation-wide lockdown.
Mon, Mar 30, 2020
These professionals are eligible for Rs 50 lakh coronavirus insurance.
Fri, Mar 27, 2020
The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak. The Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.
Thu, Mar 26, 2020
In view of the coronavirus crisis, Modi government has announced a big relief for 20 crore women of India.
The Government of India has announced several relief measures for the common man on Thursday afternoon in the wake of coronavirus outbreak, including the distribution of 5 kg of wheat or rice and one kg of preferred pulses free-of-cost every month over the next three months to 80 crore poor across the country.
The Government of India will pay the entire provident fund contribution for select employees for the next three months.
Finance Minister Nirmala Sitharaman on Thursday afternoon announced a massive relief package for people amid the nationwide lockdown.
Coronavirus Relief Package: To give relief to the needy amid coronavirus crisis, Modi government has announced a whopping Rs 1.7 lakh crore package.
Tue, Mar 24, 2020
Yet again, the Central government has put its stamp of approval on Zee Business Managing Editor Anil Singhvi's call! This was a demand to extend the deadline for filing Income Tax Returns (ITR) by 3 months. Today, FM Nirmala Sitharaman has made this critically important announcement today
Income Tax Return Filing: In a much needed relief, the government today extended the last date to file Income Tax returns (ITR) for FY18-19 to June 30, 2020. The announcement was made today by Finance Minister Niramala Sitharaman during a media briefing
The Finance Ministry on Tuesday announced the extension of the deadline for filing returns of goods and services tax (GST) for March, April and May 2020 till June 30.
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