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Major Tax Relief to Home Buyers: Govt. extends Timeline for claiming Income Tax Exemption

In a major relief to Home Buyers in the country, the union government extended the timeline for claiming Income Tax Exemption on the investment made...

Finance Ministry - Tax Professionals - Infosys - Income Tax Portal - Taxscan

Finance Ministry holds interaction with Tax Professionals, other stakeholders and Infosys on issues...

Economic Affair Secretary Ajay Seth - Alternate Governor - AFBD - AIIB - EBRD - IFAD - NDB - Taxscan

Govt. appoints Economic Affair Secretary Ajay Seth as Alternate Governor for AFBD, AIIB, EBRD, IFAD,...

Finance Ministry - Infosys - Income Tax Portal - Taxscan

Finance Ministry to hold meeting with Infosys on issues in New Income Tax Portal

GST Return filing by Companies using EVC instead of Digital Signature: Provision mandatory from...

Scrapping of Income Tax Settlement Commission: Central Govt notifies Compensation to Officers for Premature Termination [Read Notification]

The Finance Ministry notified the Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Amendment Rules, 2021 which seeks to...

Finance Ministry amends Investment Pattern of AIF [Read Notification]

The Finance Ministry has amended the Investment Pattern of Alternative Investment Funds (AIF). The government seeks to amend Notification No. 11/14/2013-PR, dated the 2nd March, 2015. In...

Finance Ministry reveals Number of Pending Tax Litigations in India

The Finance Ministry reported the number of tax-related disputes pending in the country, the number of entities which have applied for dispute settlement under the “Vivad se Vishwas Scheme” till...

Finance Ministry - Pending Tax Litigations in India - Taxscan

Finance Ministry notifies New Format of ‘Annual Report’ for SEBI [Read Notification]

The Finance Ministry on Friday notified the New Format of ‘Annual Report’ for Security and Exchange Board of India (SEBI). An amendment to the Securities and Exchange Board of India (Annual...

No Proposal to include Petrol, Diesel under GST, informs Finance Ministry

The Union Ministry of Finance on Tuesday informed the Parliament that no recommendation has been made by the Good and Services Tax (GST) Council to bring petrol and diesel in its ambit. The Union...

Income Tax on cards for GCC countries: Oman to impose Tax on High-Income Earners soon, says IMF

The International Monetary Funds said that Oman is weighing up plans to introduce income tax on high earners in 2022 as part of the finance ministry's 2020-2024 economic scheme and efforts to reduce...

Income Tax on cards - GCC countries - Oman - High Income Earners - IMF - Taxscan

Govt. to Consider reduction of GST on Pesticides from 18% to 5%

The Department of Chemical and Petrochemicals has approached the Finance Ministry for reducing GST on pesticides from 18% to 5% with the objective to bring parity in taxation on agro-inputs. ...

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