The Supreme Court of India today said that there is nothing illegal in using Aadhaar Card in filing income tax returns and to the opening of bank accounts. However, the Court found that Aadhaar cannot

While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun Jaitley stressed that no break-up of these declarations on

In order to make ,MSME companies more viable, income tax for smaller companies with annual turnover upto Rs. 50 Crore is reduced to 25% . Presenting the General Budget 2017-18 in Parliament today, the Union Minister

In reply to a Starred Question in Rajya Sabha today, the Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that the organized traders and unorganized sellers in Textile Sector have not been

After the first meeting, the Goods and Services Tax Council has fixed the threshold limit of 20 lakhs in case of businesses all over India. However, the business in north-east region will get exemption if

Finance Minister appeals to all citizens to contribute to Nation Building by making a small payment of 5 per cent tax if their income is falling in this slab. A simple one- page Income Tax

Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December, 2016. The terms of reference (ToR) of the Committee are as

The Economic Survey 2016-17 tabled in Parliament today by the Union Finance Minister Arun Jaitley has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an

The Finance Minsiter Arun Jaitley today announced that will not roll back the proposal of imposing 1% of excise duty on gold. The decision was announced by the Union Finance Minister Arun Jaitley while addressing the Loksabha

The 32nd GST Council meeting concluded in New Delhi with a catena of changes in the present Goods and Services Tax regime. In a significant move, the Council has rationalized the Composition Scheme and approved

Mission to be set-up to achieve a target of 2500 Cr digital transactions in 2017-18 Series of measures proposed to strengthen and regulate digital economy. In a bid to give a push to Digital Economy

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed a reduced rate of 25% to companies that have reported turnover up to Rs 250 crores in financial year 2016-17. This will

The Union Budget 2017 was laid before the Parliament today by Finance Minister of India. The salient features of Direct Tax proposals are summarised below: Affordable Housing: Three concessions in the scheme of Income Tax

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that litigation is a scourge for tax friendly regime and creates an environment of distrust. Litigation also

Today’s GST Council meeting finalised the 4-tier Tax Structure in the GST regime, in which four different tax rates are fixed for goods. The new tax rates of 5, 12, 18 and 28 per cent