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Niti Aayog suggests tax incentives for investment in InvITs
InvITs are pooled investment vehicles that draw institutions and wealthy individual investors with returns from underlying assets
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Fuel prices & oil bonds: Convenience of false equivalences
Ultimately, relief will have to come from a cut in VAT given the limited expenditure by states in the Covid year.
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Pruning list of tax-exempt items and anomalies on GST Council’s agenda
Tarun Bajaj, revenue secretary, said that the Centre’s policy is to provide a tax regime that is stable as well as predictable.
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Net tax revenues up 5% in FY21, says FM Nirmala Sitharaman
Non-tax revenue collection dropped 36% to Rs 2.08 lakh crore in 2020-21 from over Rs 3.27 lakh crore in 2019-20
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Income tax practitioners complain of glitches on I-T portal
This year, some tax professionals apprehend, the dates have to be extended thanks to the glitches of the new revamped IT portal
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Honest taxpayers deserve to be recognised: FM Sitharaman
On the 161st anniversary of Income Tax day she complimented the department for simplifying the procedures, processes and making things simpler
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GST: Finance Ministry releases Rs 75,000 crore to compensate states for revenue shortfall
This release is in addition to normal GST compensation being released every 2 months out of actual cess collection
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Clerical cadre in PSBs: Finance Ministry puts on hold exam
In order to look into the demand for holding examination for clerical cadre in PSBs in local/regional languages, a Committee has been constituted
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Finance Ministry to rejig customs duty structure; 97 items to be put under review
The Central Board of Indirect Taxes and Customs (CBIC) has sought feedback from the public and other stakeholders regarding this matter
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Over 24,000 responses filed under e-proceedings, 40,000 ITRs filed daily on new portal: CBDT
The Department is continuously engaged with Infosys to expedite the resolution of any pending issues and to make available all balance functionalities
