Press Release Archive

Roll out of intra-State e-way bills in 6 more states from 20th April 2018

Author: | Categories: GST No comments
Roll out of intra-State e-way bills in 6 more states from 20th April 2018 As per the decision of the GST Council, e-Way Bill system for all inter-State movement of goods has been rolled out from 01st April, 2018. As on 15th April, 2018, e-Way Bill system for intra-State movement of goods

 

Government assures supply of currency notes to ATMs to meet unusual spurt in demand

Author: | Categories: Finance Ministry No comments
Government assures supply of currency notes to ATMs to meet unusual spurt in demand  Government reviews the currency circulation in the country  Government and RBI have taken all steps to meet unusual demand of the currency Adequate reserves of currency to meet the rising demands Non Functional ATMS to be normalized

 

CBDT amends DTAC between India and Kazakhstan-Salient Features

Author: | Categories: Finance Ministry No comments
CBDT notifies the Protocol amending the Double Taxation Avoidance Convention (DTAC) between India and Kazakhstan.  A Protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between India and Kazakhstan, earlier signed on 9th December, 1996 for the avoidance of double taxation and for the prevention of fiscal evasion with

 

Banks to require copy of passport for loan facilities of Rs. 50 crore and above

Author: | Categories: Finance Ministry No comments
Public Sector Banks to require copy of passport of promoters/directors and other authorised signatories of companies for loan facilities of Rs. 50 crore and above Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today stated that the Government

 

5% Uniform GST rate applies to all railway catering services

Author: | Categories: GST No comments
GST rate applicable to all railway catering services 5% Uniform rate of GST applies to all railway catering services in trains or on stations.  The Finance Ministry to remove any doubt or uncertainty in the matter and bring uniformity in the rate of GST applicable to supply of food

 

CBDT notifies ITR Forms for Assessment Year 2018-19-Download ITRs and Notification

Author: | Categories: Income Tax No comments
CBDT notifies Income Tax Return Forms for Assessment Year 2018-19  The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative benefited around 3 crore taxpayers, who

 

Pensioners also eligible to standard deduction under amended section 16 of the Income Tax Act, 1961

Author: | Categories: Income Tax No comments
Pensioners also eligible to standard deduction of Rs 40,000/- or the amount of pension, whichever is less, under Section 16 of the Income Tax Act Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 5th April, 2018 PRESS RELEASE Clarification regarding applicability