Category: Finance Ministry
No TCS on payments using international Debit or Credit cards upto Rs 7 lakh per financial year under Liberalised Remittance Scheme (LRS) The Ministry of Finance has issued a clarification on applicability of Tax Collection at Source to small Debit/Credit Transactions under LRS. As per the Press release …
GPF interest rate to be 7.1% from 1st April 2023 to 30th June 2023 MINISTRY OF FINANCE(Department of Economic Affairs) NOTIFICATION New Delhi, the 10th April, 2023 F. No. 5(3)-B(PD)/2023.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity …
Rate of interest of NSCs, KVPs Post Office Deposit Schemes for 1st Quarter FY 2023-24 Finance Ministry has increased the rate of interest of Small Savings Scheme, i.e. NSCs, KVPs Post Office Deposit Schemes, Senior Citizens Savings Schemes, etc. for 1st Quarter FY 2023-24 are as under Instuments …
Capital Gain Exemption u/s 54 and 54F for investment in residential house limited to Rs. 10 crores Section 54 and section 54F of the Income-tax, 1961 allows deduction on the Capital gains arising from the transfer of long-term capital asset if an assessee, within a period of one …
Increase in threshold limits for presumptive taxation schemes u/s 44AD and section 44ADA Under the existing provisions of Section 44AD of the Income Tax Act 1961 a presumptive income scheme is provided for small businesses. This scheme applies to certain resident assessees (i.e.,an individual, HUF or a …
Income Tax basic exemption limit and tax slabs for individuals & HUFs for AY 2024-25 as per Union Budget 2023-24 The basic income tax exemption limit and tax slabs for individuals can be broadly categoriesd as under: (i) Optional Simplified Personal Tax Regime (New Tax Regime) under section …
Union Budget 2023-24. Direct Tax Highlights The Union Finance Minister Ms. Nirmala Sitharaman will present Budget 2023-24 in Parliament tomorrow on 1st February 2023 at 11 AM. The Budget Session of the Parliament has begun today. Watch live budget speech and live updation of Tax Proposals at this …
Finance Minister to present Union Budget 2022-23 in Parliament tomorrow at 11 AM Watch Live Budget 2022-23 Speech. Live Highlights / updates of Direct and Indirect Taxes in Budget Proposal. Bookmark this page and revisit tomorrow for live updates. Highlights of Income Tax Proposals in Budget 2022-23: 1. …
Central Government has notified change in the location of Debts Recovery Tribunal-III, Chennai with effect from 27.09.2021 (Monday) The old place and the new place of working is as under: Name of the Tribunal Place where the Tribunal was functioning Place at which the Tribunal will function Debts …
Registration of Assignment of Receivables (Amendment) Rules, 2021. Registration of transactions of assignment of receivables MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 11th October, 2021 G.S.R.732(E).—In exercise of powers conferred by clauses (a), (b) and (c) of sub-section (2) of section 32 of the Factoring …
