Arun Jaitley releases book on Financial Management
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley along with the Chief Minister of Andhra Pradesh, Shri N. Chandrababu Naidu released a book on financial management in New Delhi on September 26,
FM Arun Jaitley launches Operation Clean Money Portal: 5.68L new cases identified for E-Verification process
Will enable citizen engagement for creating a tax compliant society and transparent tax administration, says Jaitley Operation Clean Money Phase I: 18 lakh persons identified; More than 9.72 lakh taxpayers submitted online responses for 13.33
Govt Notifies Finance Act 2018 [Read Act]
The Ministry of Finance on Thursday notified the Finance Act, 2018 applicable with effect from 1st April 2018. Earlier in March, the Finance Bill, 2018 has been passed by the Lok Sabha without any discussions
Finance Minister Enumerates Measures taken by Govt to Curb Parallel Economy and Unaccounted Transactions
The Government has taken several measures to effectively control and curb the prevalence of parallel economy and unaccounted transactions. Major steps in this regard constitute:- Enactment of the Black Money (Undisclosed Foreign Income and Assets)
Govt. proposes Tax Incentive for Promoting Post-Harvest Activities of Agriculture
In order to encourage professionalism in post-harvest value addition in agriculture, the Union Finance Minister Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer Companies and having annual turnover
Changes in GST Rates for Goods and IGST Rates on Imports of Goods
As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain Goods and IGST rates on Imports
Holding of Banned Notes is an Offence: LokSabha passes The Specified Bank Notes (Cessation of Liabilities) Bill, 2017
The Specified Bank Notes (Cessation of Liabilities) Bill, 2017 (demonetisation bill) was passed in LokSabha, today. The Bill was introduced on 3rd February by the Union Finance Miniser Arun Jaitley. The bill aims at formal banning
Lok Sabha passes The Taxation Laws (Second Amendment) Bill 2016
The Lok Sabha today passed the Taxation Laws (Second Amendment) Bill, which amends the Income-Tax Act, 1961, and the Finance Act, 2016. The bill was moved by Union Finance Minister Arun Jaitley was passed by voice vote. The
Redemption of Shares outside India won’t be hit by Indirect Transfer Provisions, says CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT), the apex policy-making body for direct taxes in India, on Tuesday clarified that the indirect transfer provisions under section 9(1)(i) of the Income Tax Act, 1961 is not
GST Council Meet: Tax Rate on 33 Services Changed
The Union Finance Minister Arun Jaitley Chaired the 25th Meeting of the GST Council held today has recommended changes in Tax rate on thirty three Services. The Council has recommended many relief measures regarding GST rates
National Institute of Financial Management, Faridabad to be renamed as Arun Jaitley National Institute of Financial Management
The Government of India has decided to rename the National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM). National Institute of Financial Management(NIFM), Faridabad was set up in
CBDT releases New Rules for Sec 115BA(4) & Form 10-IB for Startups to Opt for Lower Tax Rate [Read Notification]
The Central Board of Direct Taxes (CBDT) recently released Form 10-IB for Start Ups enabling them to opt for lower tax rate. Finance Minister Arun Jaitley, during his budget speech, had extended three year tax
Lok Sabha passes Bills extending CGST, IGST to Jammu & Kashmir
The Lok Sabha yesterday passed two bills extending Central Goods and Services Tax (CGST) and Integrated Goods and Services Tax (IGST) to Jammu and Kashmir. The Finance Minister Arun Jaitley said that special status of
GST Constitution Amendment Act empowers the Central & State Govts to levy Taxes only till 16th Sept, 2017, says FM Arun Jaitley
Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country. The Union Finance Minister Shri Arun Jaitley said that the
Income Tax Dept celebrates Aaykar Diwas 2017: FM calls for expansion of the Tax base in a Non-Intrusive manner
Jaitley also emphasizes prompt redressal of the grievances of the tax payers. The Union Finance Minister Arun Jaitley highlights the initiatives undertaken by the present NDA Government for setting-up an internationally competitive tax regime with