Sunday, July 25, 2021

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ministry of finance

Union Budget 2020: All you need to know about the customary ‘Halwa Ceremony’ preceding the budget

Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2020 on February 1, 2020, in the parliament.

Record number of Income Tax Return filed in a single day, I-T dept to issue PAN if ITR filed with only Aadhaar

The dept will allot a fresh PAN to a person who files I-T Returns (ITR) with only Aadhaar as part of a new arrangement to link the two databases

Government extends relief to startups, simplifies the process of angel tax assessment

The Central Board of Direct Taxes (CBDT) has clarified that no verification will be done by an assessing officer if a startup has been recognised by the Department for Promotion of Industry and Internal Trade.

Union Budget 2019: Indian economy will grow to become a $3 trillion dollar economy in the current year itself, says Finance Minister

Union Finance Minister added that  India is now the sixth largest economy in the world in just five years from being the 11th largest in 2014. 

GST collection registers a record high of Rs 1.13 lakh crores in April 2019

GST collection for the month of April 2019 is highest since its rollout.

Punjab National Bank recovers Rs 16,000 crores from bad loans, Q3 reports profit of ₹246.51 crore

Despite 100% provision made for the Rs 13,000 crore scam in which Nirav Modi is the prime accused, PNB posts a profit last quarter

Interim Budget may go beyond conventional vote-on-account, indicates Finance Minister Arun Jaitley

Jaitley rubbished doubts that he is under pressure to present a populist budget after the recent election defeat in three states and ahead of general elections in April-May

Modi government cuts fuel prices by Rs. 2.50, Maharashtra and Gujarat slash prices by an additional Rs. 2.50

Excide duty has been reduced by ₹1.50, while oil marketing companies will cut prices by ₹1.00, states asked to match the reduction by reducing VAT.

Modi govt’s crackdown on D-company : Another Dawood property to be auctioned in Mumbai

SC dismissed the plea of Dawood's family in April and had ordered the Indian government to seize and sell properties of Dawood

Direct Tax collections exceed budget target, 26% more returns filed than previous financial year

the net direct tax collections are 17.1% higher than the previous financial year.

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