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Finance Ministry

CBDT notifies Cost Inflation Index for FY 2020-21 as 301 [Read Notification]

The cost inflation index (CII) for the financial year (FY) 2020-21 has been notified by the Ministry of Finance. In a notification dated June 12, the...

Issue of GST Late Fee for past period (August 2017 to January 2020) to be discussed in the next GST...

Finance Ministry suspends Fresh Initiation of Insolvency Proceedings up to One Year, Debts incurred...

CBDT defers New Procedure for Registration, Approval of Registration of Charitable, Religious Trusts

3 IRS Officers stripped of their Charge for Creating panic with Tax Hike Report, COVID-19 cess

No Extension of the Financial Year, clarifies Finance Ministry

The Ministry of Finance has clarified that, there is no extension of the Financial Year. There is fake news circulating in some section of media that the Financial Year has been extended. A...

Renewal Health - Financial Year - Malaysia-Finance-Ministry-Tax-scan

Finance Ministry notifies the Finance Act 2020 [Read Act]

The Ministry of Finance has notified the Finance Act 2020amid the Corona Virus ( COVID-19 ) outbreak. Key Highlights Expenditure: The government proposes to spend Rs 30,42,230 crore in 2020-21,...

Finance Ministry extends Deadline for Income Tax Returns for FY 18-19

In a video press conference conducted by Finance Minister Nirmala Sitharaman, today announced the extension of the deadline of Income Tax Returns for the Financial Year 2018-19 from 31st March, 2020...

Finance Ministry extends Aadhaar-PAN Linking Deadline

The Ministry of Finance has extended the due date for linking of Aadhaar with PAN from March 31, 2020 to June 30th 2020. Under the provisions of recently introduced Section 139AA of the Income Tax...

Breaking: Finance Ministry extends deadline of March, April, May 2020 GST Returns to June 30th, 2020

The Ministry of Finance today extended the deadline of the March, April, May 2020 GST Returns till 3oth June, 2020 due to Corona Virus ( COVID-19) outbreak. The Finance Minister Nirmala Sitharaman...

Finance Ministry notifies Direct Tax Vivad Se Vishwas Act, 2020 [Read Notification]

The Ministry of Finance has notified the Direct Tax Vivad se Vishwas Act, 2020. The Direct Tax Vivad se Vishwas Act, 2020 was introduced in Lok Sabha by the Minister of Finance, Ms. Nirmala...

GST Council recommends Extension of due dates for FORM GSTR-3B for the month of July, 2019 to January, 2020 in UT of Ladakh

The GST Council, in its 39th meeting held today decided to extend the due dates for Form GSTR-3B for the month of July, 2019 to January, 2020. In a Press Release issued by Finance Ministry said that,...

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