Time really matter in a Budget Speech? Here’s Record of India’s Longest and Shortest Budget Speeches
Certainly, the question arises: Does time truly hold significance in budget speeches? Opinions on this matter may vary; some argue in favour, while others may oppose the idea. From a general standpoint, there is an
MSME Portal Update: Udyam Portal simplifies Registration Verification for MSMEs
In a significant update, the MSME Udyam Portal has rolled out an enhanced verification facility, eliminating the requirement for OTP entry. This strategic move aims to simplify the process of verifying Udyam Registration details, aligning
Interim Budget 2024: Finance Ministry releases Implementation Status of Budget 2023 Announcements [Read Finance Bill]
The Finance Ministry has released the implementation status of Budget 2023 announcements, along with the presentation of the Interim Union Budget 2024 by Finance Minister Nirmala Sitharaman. Read More: Key Income Tax and GST Announcements
Budget 2024: Apparel Export Promotion Council expects Uniformity in GST for Entire Value Chain
The Apparel Export Promotion Council (AEPC) has urged the Central Government for tax incentives, including uniform GST rates, enhanced interest subsidies, and budgetary support for branding and marketing in the upcoming budget. The council pointed
Budget 2024: MSME Sector expects Enhanced Availability of Credit and Increase in Funding Channels
The MSME sector hopes for enhanced availability of credit, increased funding channels. The MSME sector constituted around 29.15 per cent of the country’s GDP in 2021-22. The sector stressed on the need for a balanced
How Delayed MSE Payments Trigger Deferred Deductions for Corporates w.e.f. 1st April 2024: Section 43B(h) Explained
With an effort to improve the liquidity of the Micro Small and Medium Enterprises, the government has brought some changes specifically in Companies Act, 2013. Following the same, the Finance Act, 2023 has inserted a
Levying/collecting fees for guarantee from MLIs not profit motive: ITAT allows benefit of section 11 & 12 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench while allowing benefit of section 11 and 12 of the Income Tax Act, 1961 held that levying/collecting fees for guarantee from Member Lending Institutions ( MLIs
Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]
In a major relief to the Indian Chamber of Commerce ( ICC ), the Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) granted income tax exemption on receipts from seminars and conferences.
Budget 2024: Real Estate Sector hopes for GST Revision to Boost Affordable Housing
The Real Estate sectors hopes for GST revision to boost affordable housing in the upcoming Union Budget. To fulfil the government’s vision of ‘Housing for All,’ experts and industry leaders have shared their insights, proposing
Budget 2024: Gold Loans to be included under Priority Sector Lending
It is the need of the hour to include gold loans under the priority sector in the Union Budget to be presented by the finance minister. Gold loans are secured loans offered by most banks and non-banking
Budget 2023 Recap: Promises and Progress
Any process of governance is complete only after planning, preparation, execution and most importantly, review. The Budget 2024 is approaching and it is the perfect time to review the outcome of the previous budget decisions
Commerce and Industry Minister Piyush Goyal announces Commencement of Work on Trade Connect E Platform
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Shri Piyush Goyal, presided over the second meeting of the reconstituted Board of Trade at Bharat Mandapam, New Delhi, today. During
ITAT Annual Digest [Part 71]
This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in2 Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures ITO vs Shri Rajendra
Decoding the Economic Survey: Budget 2024 Expectations
The Economic Survey 2022-23 signaled India's full economic recovery post-pandemic, projecting a growth range of 6% to 6.8% for the upcomingBudget 2024 Expectations 2023-24. Discover the significance of the Economic Survey—an annual report by the
Webinar on MSME delayed Payment Recovery Mechanism – A smart tool of Recovery Sessions with Experts
Faculty - CA Manoj Lamba 📆Jan 15🕔06:00 PM - 07:30 PM Course Fee499(Including GST)299(Including GST) To Know More What will be Covered in the Course?◾ How to recover payment without going to court◾ What is delayed payment◾