RBI economists reject IMF view that India’s debt-GDP ratio may shoot up
RBI economists, in a report released on Tuesday, rejected the IMF view that India’s debt-GDP ratio has the potential of […]
News
News
Central Sales Tax, News, Notification and Circular, Notification And Circular
FinMin notifies Akasa Air as ‘designated Indian carrier’
The Ministry of Finance has recognised Akasa Air as a ‘designated Indian carrier’, facilitating the carrier’s international flights. ‘In exercise
News, Notification And Circular, Notification and Circular
New Criminal Laws (Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and Bharatiya Sakshya Adhiniyam) to Take Effect from July 1, 2024
The Union Government announced that the new criminal legislation, including the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and the
Income Tax, News
Income Tax: Small outstanding tax demands remitted; Check your status
The income tax (I-T) department has announced that eligible outstanding direct tax demands have been remitted and extinguished. In other words,
Income Tax, News
Personal income tax collection set to exceed corporate income tax for second year in a row
Personal Income Tax (PIT) collection is set to exceed Corporate Income Tax (CIT) for the second successive year in a
export import, News
Fin Min says ‘urgent’ need to boost competitiveness, attractiveness of India’s exports amid global uncertainty
The finance ministry has said it is crucial that India’s exports are made more attractive amid continued uncertainty in global
News, SEZ, SEZ
SEZs to get more tax relief under RoDTEP cover
The government has decided to extend the benefits under tax remission scheme RoDTEP to export-oriented units and manufacturers in the
Income Tax, News
Tax relief: Ceiling of Rs 1 lakh established for withdrawal of small tax demands
The Income Tax department has set a limit of Rs 1 lakh per taxpayer for withdrawing small tax demands. This
export import, News
Good news for farmers: India set to lift ban on onion exports but may cap shipments at 3 lakh tonnes
The Centre has decided to withdraw the ban on onion exports but will cap the shipments. However, farmers argue that the move
Income Tax, News
No freeze on Congress’ bank accounts, only lien: Income Tax department tells ITAT
The Income Tax department on February 16 told the Income Tax Appellate Tribunal (ITAT) that it has not issued an