Bitcoin Holders are under Tax Scanner: Finance Minister
While pronouncing this year’s Union Budget 2018, the Finance Minister Arun Jaitley has reaffirmed that cryptocurrencies would not be considered as legal tender and the holders of cryptocurrencies including bitcoins are under the income tax
FM Arun Jaitley to chair the 16th Meeting of the GST Council on Sunday
The Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley will chair the 16th Meeting of the GST Council scheduled to be held on Sunday, 11th June, 2017 at Vigyan Bhavan in the national
Arun Jaitley resumes the charge of Ministries of Finance and Corporate Affairs
The Union Minister, Shri Arun Jaitley today resumed the charge of the Ministries of Finance and Corporate Affairs after a gap of more than three months. After resuming the charge, the Finance Minister Shri Jaitley held
Panel for Direct Tax Code seeks Three-Months Extension
The panel constituted by the Central Government for re-drafting direct tax code sought for a three-month extension from the Finance Minister Arun Jaitley. The committee was formed to submit its recommendations on the drafting of
Lok Sabha passes Finance Bill, 2018 with 21 Amendments
The Finance Bill, 2018 has been passed by the Lok Sabha today without any discussions by applying the guillotine process. The guillotine process allows for a vote on outstanding demands for grants, whether discussed or not,
Budget Session from Jan 31st to Feb 13, Arun Jaitley to announce Budget on 1st Feb
As the Lok Sabha elections to be held in May 2019, the last budget of the NDA Government will be presented on 1st February by the Union Finance Minister Arun Jaitley. The session of the
Centre Cuts Fuel Prices by Rs. 2.50 per Litre: Asks States to reduce Excise Duty [Read Notification]
The Finance Minister, Arun Jaitley, while addressing a Press Conference in New Delhi today announced reduction in Central Excise Duty Rs.1.50/ litre in case of both petrol & diesel while OMCs to absorb cut of
Digital Transactions are Parallel Mechanism, not a substitute for Cash Transactions, says FM Arun Jaitley
Government and the RBI takes various steps to bring down the cost of digital transactions. The Union Finance Minister Arun Jaitley said that digital transactions are a parallel mechanism, not a substitute, for cash transactions
India levies 200% Customs Duty on Goods from Pakistan [Read Notification]
On Saturday, the Ministry of Finance has increased the customs duty to 200 per cent on all goods imported from Pakistan, following revocation of the ‘most-favoured nation’ status in the aftermath of the Pulwama terror
IBC Mechanism Being Used Actively to Resolve NPA Problem, asserts Economic Survey
The Union Minister for Finance and Corporate Affairs, Arun Jaitley tabled the Economic Survey 2017-18 in Parliament today. The survey reviews the Monetary Management and Financial Intermediation. Here are the highlights:-  • Monetary policy remained
GST Council Meet Over: Two percent Incentive for Digital Payments
The GST Council, after its 27th Meeting, has decided to approve a proposal wherein a 2 per cent concession, subject to a ceiling of Rs 100 per transaction, may be offered to consumers in B2C transactions
Rajya Sabha passes Finance Bill, 2017 with Five Amendments
The Rajya Sabha, today passed the Finance Bill with five amendments.The Lok Sabha, last week had given assent to the Bill with some major amendments. While replying to the debate on amendment, Finance Minister Arun Jaitley strongly
No Harassment of Small Depositors of Demonetised High Value Notes: FM Arun Jaitley
Process of Tax Reforms will continue and pending GST issues will be resolved soon: FM Arun Jaitley Finance Minister Shri Arun Jaitley inaugurates the Two Day Economic Editors Conference in New Delhi. The Union Minister
Government Honours Honest Tax Payers for their contribution towards Nation building
The Union Finance Minister, Shri Arun Jaitley said that revival of the practice of acknowledging  the tax payers for paying taxes within the prescribed time and promptly filing their Income Tax Returns, will play an
GST Council to decide bringing Real Estate sector under GST regime
Union Finance Minister, Arun Jaitley, on Wednesday hinted about bringing real estate sector under the ambit of the current Goods and Services Tax (GST) regime. The matter will be discussed in the next meeting of