The Central Government, on Thursday notified the increase in GST threshold limit in a relief for small traders. The increased threshold limit will be applicable from 1st April 2019. Further, the effective date for availing

In the Union Budget presented today, the Finance Minister Arun Jaitley has proposed Tax Incentives for International Financial Services Centres. Transfer of derivatives and certain securities by non-residents exempted from capital gains tax  Non-corporate taxpayers operating

The Ministry of Finance has learnt through a newspaper item which appeared today that some officers of Indian Revenue Service (Income-tax) Mumbai Branch have passed a resolution against the Department of Revenue. The Finance Minister

It is a Proud moment for Chartered Accountant fraternity that, a Chartered Accountant and Union Finance Minister Piyush Goyal will present the Budget in Parliament today. As the Loksabha elections are scheduled in May, this

The Central Board of Direct Taxes (CBDT) has clarified that no marginal relief shall be available in Health Cess (HC) and Education Cess (EC). EC is an additional levy on the basic tax liability. The

The Institute of Company Secretaries in India (ICSI) recently issued Secretarial Standards on Meetings of the Board of Directors which prescribes a set of principles for convening and conducting Meetings of the Board of Directors,

The Finance Minister Shri Arun Jaitley has said that his Ministry will leverage the India Infrastructure Finance Corporation Limited (IIFCL) to help finance major infrastructure projects, including investments in educational and health infrastructure, on strategic

A Bill shall be introduced in the current Budget session of the Parliament in order to amend the Companies Act 2013. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister

The Goods and Services Tax (GST) council today gave green signal to a bill that will ensure compensation to the states in case of revenue losses arising from a transition to GST. In a press

In the first General Budget 2018 after the roll-out of the Goods and Services Tax (GST), the Union Minister for Finance and Corporate Affairs, Arun Jaitley, made a calibrated departure from the underlying policy in

Following is the full Text of the Article entitled “Demonetisation – A Look Back at the last Two Months” by the Union Finance Minister Arun Jaitley: “Two months have passed since the Prime Minister announced the decision

Meeting excessive expectations riding on the forthcoming Union Budget, being seen as a ‘Solve-All’ big mover in the aftermath of demonetization, could be a challenging task for the Finance Minister Arun Jaitley who has to

The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Arun Jaitley has recommended the following facilitative changes to ease

The Revenue Secretary Hasmukh Adhia today said that GST would not increase compliance burden on assesses. "Many people think that implementation of GST would result in increase in compliance cost. This is completely misplaced," While

The Government of India has invited comments of Stakeholders and Public on the Report of the Financial Redressal Agency by 31st January 2017. In his Budget Speech of 2015-16, the Union Minister of Finance and Corporate Affairs Arun Jaitley had announced the creation a sector-neutral Financial Redressal Agency (FRA) to address the grievances of retail consumers against all Financial Service Providers (FSPs). This follows from the recommendations of the Financial Sector Legislative Reforms Commission (FSLRC), which had, in 2013, recommended FRA as part of the Regulatory Framework designed to foster customer protection and independence and accountability of Regulators. The Task Force, constituted in June, 2015 as part of the preparatory work for FRA, had submitted its Report on June 30, 2016. Report of the Task Force