Press Release

  • Income Tax

Tax rates on income from Rs. 2 cr – 5 cr & Rs. 5 cr & above increased by 3 % and 7 % due to surcharge increase

Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above…

5 years ago
  • Income Tax

CBDT to reverse assessment proceedings based on controversial Circular 10/2018

CBDT to reverse assessment proceedings completed based on controversial Circular 10/2018 on the subject of applicability of section 56(2)(viia) Central…

5 years ago
  • Income Tax

CBDT has exempted 702 startups from angel tax u/s 56(2)(viib) of Income Tax Act

CBDT has exempted 702 startups from angel tax u/s 56(2)(viib) of Income Tax Act. Startups receiving investments from Ventures Capital…

5 years ago
  • GST

Govt proposes to integrate FASTag Bank Mechanism with e-way bill to check GST evasion

Govt proposes to integrate FASTag Bank Mechanism with e-way bill to check GST evasion The Government proposes to integrate a…

5 years ago
  • Finance Ministry

Printing process for General Budget 2019-20 commences with Halwa Ceremony 

Printing process for General Budget 2019-20 commences with Halwa Ceremony  As per Press Release issued by the Finance Ministry, Halwa…

5 years ago
  • Income Tax

15 Senior IRS Officers compulsorily retired by the Government with immediate effect 

15 Senior IRS Officers compulsorily retired by the Government in public interest with immediate effect. Order in each case issued…

5 years ago
  • Finance Ministry

Smt. Nirmala Sitharaman takes charge as Union Minister of Finance & Corporate Affairs

Smt. Nirmala Sitharaman takes charge as the Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman assumed charge as…

5 years ago
  • MCA

Clarification on the usage of MCA Database in preparation of National Accounts estimates

Ministry of Statistics & Programme Implementation   National Accounts Statistics: A clarification on the usage of MCA Corporate Database  1. …

5 years ago
  • Finance Ministry

MCA database valuable addition in estimating GDP-Govt. counters reports of untraceable companies

MCA database is a valuable addition to estimation of GDP-Government counters the media reports of untraceable companies quoting NSSO report…

5 years ago
  • Income Tax

Media report of reduction in numbers of e-filed ITR in FY 2018-19 incorrect-Finance Ministry

Media report of reduction in numbers of e-filed ITR during FY 2018-19 incorrect says Finance Ministry.  e-filing of Income Tax…

5 years ago