finance ministry

Worst is over; farm sector to cushion COVID-19 impact on economy: Finance Ministry

Worst is over; farm sector to cushion COVID-19 impact on economy: Finance Ministry

The worst seems to be over and the agriculture sector will provide a cushion for the coronavirus-hit economy this fiscal as there are pro...Read More

It is a no, for now: Finance ministry on FRDI Bill

It is a no, for now: Finance ministry on FRDI Bill

The government has not taken any decision to reintroduce the controversial Financial Resolution and Deposit Insurance Bill (FRDI Bill), t...Read More

CBDT refunded Rs 71,229 cr to help taxpayers amid COVID-19 pandemic: Finance Ministry

CBDT refunded Rs 71,229 cr to help taxpayers amid COVID-19 pandemic: Finance Ministry

The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases up to July 11 to help ta...Read More

GST collection drops 9% to Rs 90,917 crore in June - Check state-wise figures

GST collection drops 9% to Rs 90,917 crore in June - Check state-wise figures

GST revenue collection in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April. The goods...Read More

Employees allowed to claim IT exemption on conveyance allowance under new tax regime: CBDT

Employees allowed to claim IT exemption on conveyance allowance under new tax regime: CBDT

The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers....Read More

Govt to roll out facility to file NIL Form GSTR-1 through SMS from July

Govt to roll out facility to file NIL Form GSTR-1 through SMS from July

In a major move towards GST taxpayers' facilitation, the government has decided to provide the facility of SMS filing of NIL statement of...Read More

Finmin proposes to decriminalize host of minor offences under 19 legislations

Finmin proposes to decriminalize host of minor offences under 19 legislations

Based on the feedback, the Department of Financial Services will take a call as to a particular section should remain a criminal offence ...Read More

Aviation hub: Experts skeptical

Aviation hub: Experts skeptical

Tripti Nath New DelhiThe government’s lofty ambitions of making India a maintenance, repair and ove­r­haul (MRO) hub with civil aviation ...Read More

'Young' IRS officer left red-faced after Fin Min disowns Income Tax recommendations - the story so far

'Young' IRS officer left red-faced after Fin Min disowns Income Tax recommendations - the story so far

Amid the coronavirus outbreak, we are all aware that the several businesses have been severely hit with many even shutting down. And not ...Read More

PM Modi, Nirmala Sitharaman to hold meeting today to finalise second stimulus package

PM Modi, Nirmala Sitharaman to hold meeting today to finalise second stimulus package

PM Narendra Modi and Union Finance Minister Nirmala Sitharaman will meet on Friday to finalise the second stimulus package which aimed a...Read More

No additional installment of Dearness Allowance and Dearness Relief for Central employees: Finance Ministry

No additional installment of Dearness Allowance and Dearness Relief for Central employees: Finance Ministry

On Thursday, the Finance Ministry said that additional installment of Dearness Allowance (DA) payable to central govt employees and Dearn...Read More

Lockdown 2.0: India Inc. asks Modi govt to announce stimulus package soon for economy's revival

Lockdown 2.0: India Inc. asks Modi govt to announce stimulus package soon for economy's revival

As PM Modi announces the extension of the nationwide lockdown till May 3, India Inc. asked the government to announce a stimulus package ...Read More

Coronavirus recession: Rs 15 lakh crore economic relief package required to revive economy, says ASSOCHAM

Coronavirus recession: Rs 15 lakh crore economic relief package required to revive economy, says ASSOCHAM

Industry body Asocham has urged the Centre for a stimulus package of at least $200-$300 billion over the next 12-18 months to support the...Read More

Good news taxpayers! No TDS on interest income till June 30; Know more

Good news taxpayers! No TDS on interest income till June 30; Know more

In yet another relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the validity of forms 15G and 15H by three mont...Read More

Finance Ministry says no clean chit for Prannoy Roy's NDTV, asks to assess case under provision related to foreign assets

Finance Ministry says no clean chit for Prannoy Roy's NDTV, asks to assess case under provision related to foreign assets

The Finance Ministry has now issued a fresh notice in the NDTV Income Tax assessment case after the SC on Friday quashed the news channel...Read More

Financial Year not extended: Three of your Income Tax queries answered

Financial Year not extended: Three of your Income Tax queries answered

The finance ministry on Monday evening cleared the confusion on whether the last day of the financial year would be March 31 or July 30. ...Read More

Finance Ministry calls for emergency measures to aid borrowers during coronavirus-induced economic disaster

Finance Ministry calls for emergency measures to aid borrowers during COVID-19-fuelled economic meltdown

The Ministry of Finance has asked the Reserve Bank of India to consider implementing a series of emergency measures that are aimed toward...Read More

Sitharaman on coronavirus outbreak: SEBI, RBI & Finance Ministry are monitoring the stock market, says FM

Sitharaman on coronavirus outbreak: SEBI, RBI & Finance Ministry are monitoring the stock market, says FM

Finance Minister Nirmala Sitharaman addresses the media on Tuesday specifically on statutory and regulatory compliance matters via video ...Read More

From lowering import taxes on vegetable oil to providing rice to poor: Here are three key policies India dropped amid coronavirus outbreak

From lowering import taxes on vegetable oil to providing rice to poor: Here are three key policies India dropped amid coronavirus outbreak

The economy is shrinking further as the virus has spread in most parts of the country affecting the local businessmen to tycoons in the i...Read More

GST rates for mobile phones hiked to 18% says Nirmala Sitharaman

GST rates for mobile phones hiked to 18% says Nirmala Sitharaman

The Finance Minister also announced that the due date for fling the annual return for FY19 was being extended.

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