Union Budget- Some Income Tax Expectations
All focus is on 29th February 2016. It is the date when the third union budget of the NDA government will be announced by the Finance Minister of India. All the citizens, especially the salaried
31st GST Council Meeting: Key Decisions
The 31st GST Council meeting chaired by the Union Finance Minister, Arun Jaitley is concluded in New Delhi Today. Some of the Key decisions taken by the Council are as follows. GST rate reduction on
Finance Minister Present Economic Survey 2017-18 in Parliament
The Ministry of Finance has presented Economic Survey 2017 - 18 in the Parliament today. A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this
GST Council Meet: Rates of Services Revised
Decisions taken by the GST Council in the 22nd meeting held on 6th October 2017 . The following decisions were taken by the GST Council Meeting held under Chairmanship of Union Finance Minister Arun Jaitley on
Anti-Profiteering: Investigation launched in 9 cases, says FM Arun Jaitley
The Union Finance Minister Arun Jaitley informed the Parliament on Friday that notices have been issued for ‘initiation of investigation’ in nine cases under anti-profiteering provisions of the newly implemented Goods and Services Tax (GST).
Committee on Digital Payments submits report to Finance Minister Arun Jaitley
The Committee on Digital Payments constituted by the Ministry of Finance, Department of Economic Affairs under the Chairmanship of Shri. Ratan P. Watal, Principal Advisor, NITI Aayog and former Finance Secretary to the Government of
GST Roll Out: Council approves Draft Rules
In a major move to roll out GST in the coming July, the Goods and Services Tax (GST) Council approved the drafts of four sets of rules and finalised five others on Friday. The council,
No Deductions for Industrial Undertakings If Income Tax Return not filed within Due Dates
The Finance Bill introduced by the Union Finance Minister Arun Jaitley last day proposed that the industrial undertakings cannot avail the benefit of section 80 deductions under the Income Tax Act if the return was
30th GST Council Meeting: Key Decisions
The 30th Meeting of the GST Council held through video conferencing today. The meeting has been started with union finance minister Arun Jaitley via video conferencing along with state finance ministers. The following are the
GST Council Meeting: Decision on Real Estate Sector Deferred
The Goods and Services Tax ( GST ) Council meeting held today through video conference remained inconclusive after some state finance ministers sought a physical meeting as they felt an issue as crucial as a
CBDT issues Guidelines on Waiver of Interest in case of TDS Default [Read Circular]
The Central Board of Direct Taxes (CBDT) on Friday issued a circular saying that the tax department will waive interest liability if the principal demand of capital gains tax is paid by companies. The circular specifies
Budget 2017 proposes Reduction in Customs and Excise for Renewable Energy Sector, and Cashless Transaction Devices
The Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today announced substantial relief in Customs and Excise Duties for Renewable Energy Sector and for manufacture of
India Signs Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
The Finance Minister Arun Jaitley signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting at Paris on 7th June, 2017 on behalf of India. More than 65
Cut Corporate Tax, Raise Exemption limits for Salaried Employees: ASSOCHAM to FM
Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Mr Sandeep Jajodia said in his presentation before Finance Minister Arun Jaitley tax exemption limits for senior citizens
There is Scope for further Rationalisation of GST rates, says Finance Minister
While ruling out the concept of single GST rates, the Finance Minister, on Monday said that those seeking a single rate for GST have no understanding of tariff structure. He also added that there is