Finance Ministry enhances Income Tax Exemption for Gratuity
Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income Tax Act, 1961 to Rs. 20 lakhs. Shri...
Santosh Kumar Gangwar Speaks about the Measures Taken By the Govt for Recovery of Black Money Post Demonetization
With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and...
RBI sets up Supervisory Colleges for 6 Scheduled Commercial Banks which have Sizeable International Presence
Reserve Bank of India (RBI) has informed that Supervisory Colleges have been setup for the following six Scheduled Commercial Banks which have sizeable international presence:- State Bank of India,...
Prices Reduced under GST: Anti-Profiteering Authority will Ensure that Benefits are passed on to Consumers, says Santosh Kumar Gangwar
The GST Council comprising the representatives of Central and State Government recommended the GST rates for goods and services, interalia taking into account the pre-GST indirect taxes incidence on...
Black Money: Govt. takes Six Steps to tackle Benami Transactions Across the Country, says Santosh Kumar Gangwar
The Government of India has taken several steps to address the problem of benami transactions across the country. (i) The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively...
