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Pre-Filled Tax Returns to be made Available to Taxpayers to Improve Accuracy and Reduce Time to File a Tax Return: FM Nirmala Sitharaman

The Finance Minister said that pre-filled tax returns will be made available to taxpayers which will contain details of salary income, capital gains...

Budget proposes 2 % TDS on Cash Wthdrawal exceeding Rs. 1 cr in a year from Bank Account to...

Budget 2019 announces Tax Relief for Individuals

Budget 2019: Govt to consider issuing Aadhaar Card for NRIs with Indian Passports

Union Budget proposes 25 % Corporate Tax extended to Companies with Annual Turnover up to Rs. 400...

Budget 2019: Important GST and Indirect Tax Amendments

Further simplification of the GST processes, increasing Special Additional Excise duty and Road and Infrastructure Cess on petrol and diesel by one rupee each, hike in Customs Duty on Gold and...

Budget 2019: Key Tax Proposals

In a 2:10 hour budget speech, the Union Finance Minister Nirmala Seetharaman has made some significant proposals for tax matters. Some of the key proposals are the below. Tax rate reduced...

Union Budget 2019 - Budget Scan - Taxscan

Nirmala Sitharaman to present her Maiden Budget Today, Hands over Budget copy to President

The Union Finance Minister Nirmala Sitharaman is all set to present her first budget today. The Union Budget Speech 2019 is expected to begin at around 11:00 am. Ahead of the Budget speech, the...

ICSI introduces OMR Sheet for CS Exam December

The Institute of Company secretaries of India ( ICSI ) has decided to introduce OMR sheet for three subjects in CS examination scheduled on December 2019. As per an announcement made by the...

ICSI - prefixing CS - Disciplinary action -Taxscan

Debt Recovery Mechanism strengthened with the Enactment of IBC, says Economic Survey

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament today. Taking note of the recent successes in recovery of loans since the...

Key Highlights of Economic Survey 2018-19 [Read Full Text]

The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today. The Key Highlights of Economic Survey 2018-19 are as follows: ...

Can Nuns and Priests to pay Income Tax for Salary from State-funded or Private Institutions? SC to decide [Read Order]

The Supreme Court has agreed to hear the challenge of whether nuns and priests be asked to pay Income Tax if they draw their salary from state-funded or privately managed institutions? The...

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