Income Tax

Photo: The Times of India

No Tax For People Earning Rs 7 Lakh Annually: Union Budget 2023-2024

In a major announcement for taxpayers, under the Union Budget 2023-2024, FM Nirmala Sitharaman announced no tax for those with an income up to Rs 7 lakhs, annually. Those earning above Rs. 15 lakhs per year would need to pay 30% tax. Furthermore, under the new tax slab regime, the surcharge rate has been reduced to 25% from the… read-more

Wed, 01 Feb 2023 - 01:01 PM / by Varsha Joshi

Tags: Income Tax, Nirmala Sitharaman, Union budget, No Tax, 2023-2024 Budget

Courtesy: Hindustan Times

Nirmala Sitharaman

Photo: India Today

Union FM Announces Key Budget 2023-2024, Details Here

Union FM Nirmala Sitharaman announces budget 2023-2024 with key announcements for agriculture, health, education and railways. Sitharaman announced libraries for students, 157 nursing colleges at core locations, new staff for Eklavya model school, Rs 2 lakh crore to be borne by centre for security needs, Rs 15,000 crore released for tribal group development mission, Rs 2.40 lakh crore for Indian Railways, Rs. 75,000 crores for railway… read-more

Wed, 01 Feb 2023 - 11:56 AM / by Varsha Joshi

Tags: Budget, Union FM, Nirmala Sitharaman, Indian Economy, PM Modi Government

Courtesy: Times of India

Nirmala Sitharaman

Photo: The Times of India

Nirmala Sitharaman Emphasises On 7 Priorities For Union Budget 2023-2024

Union Finance Minister Nirmala Sitharaman who will shortly present the full-fledged Union Budget 2023-2024, outlined seven priorities of the union budget. She emphasized seven priorities, calling it 'saptrishi'. Sitharaman said, Inclusive development, Reaching the last mile, Infrastructure and investment, Unleashing the potential, Green growth, Youth power and the Financial sector are the most important priorities for the Modi Government in… read-more

Wed, 01 Feb 2023 - 11:28 AM / by Varsha Joshi

Tags: Nirmala Sitharaman, FINANCE MINISTRY, Budget 2023-2024, Indian Politics, Budget

Courtesy: Hindustan Times

Nirmala Sitharaman

Photo: India Today

Nirmala Sitharaman To Present 2023-2024 Union Budget Today

Union Finance Minister Nirmala Sitharaman is set to present the Union 2023-2024 Budget on February 1. This budget holds important significance as it will be the last budget of the Modi Government, ahead of the 2024 General elections. Furthermore, in 2023-2024 budget, real-estate sector, health sector and Indian tourism have expected initiatives to boost their economy in India. Moreover, middle-class people and citizens are also expecting some… read-more

Wed, 01 Feb 2023 - 10:03 AM / by Varsha Joshi

Tags: Nirmala Sitharaman, Union budget, Modi Government , Industries, Indian Economy

Courtesy: Zee News India

Nirmala Sitharaman

Photo: Business Standard

Govt Taking Necessary Measures Against Dubious Digital Loan Apps In India

Union Finance Minister Nirmala Sitharaman said the Government of India is taking action against dubious digital loan apps, including those originating from outside the country. During the Parliament session, Sitharaman clarified these loan apps, saying Indians who helped in setting them up will also be facing strict actions. On August 2, Rajya Sabha proceedings, Union FM said, many Indian borrowers are being harassed and money is being… read-more

Tue, 02 Aug 2022 - 08:15 PM / by Varsha Joshi

Tags: digital loan, dubious applications, Nirmala Sitharaman, parliament, FINANCE MINISTRY

Nirmala Sitharaman

Photo: Business Standard

Union Govt Raised Tax Demand Of Rs 14,820 Crore Under Black Money Law

The Union Finance Minister said the Ministry has raised a tax demand of Rs 14,820 crore under the black money law dealing with undisclosed foreign income. On July 25, FM Nirmala Sitharaman in a written reply to Lok Sabha said, after completing an assessment in 368 cases related to deposits made in unreported foreign bank accounts in HSBC, undisclosed income has been brought to tax and penalty.

Tue, 26 Jul 2022 - 03:32 PM / by Varsha Joshi

Tags: Nirmala Sitharaman, Finance Minister, Black Money Law

Courtesy: Zee News

GST

Photo: The Economic Times

GST Revenue Collection Crosses Rs 1.44 Lakh Crore In June

In June, the GST collections increased by 56%,  to over Rs 1.44 lakh crore on economic recovery, said the Union Finance Ministry, on July 1. As per sources, during June, the revenues from the import of goods were 55 per cent higher and the revenues from domestic transactions. The Union Ministry said, this is a "rough-bottom line" and said, this is the fifth time, GST-monthly collection crossed the Rs 1.40-lakh-crore.

Fri, 01 Jul 2022 - 06:36 PM / by Varsha Joshi

Tags: GST Revenue, Percentage, Higher In June, FINANCE MINISTRY, Nirmala Sitharaman

GST Council

Photo: The Economic Times

GST Council Defers Decision To Levy 28% Tax On Online Gambling, Casinos, Lottery

In a meeting of the GST Council, the panel defferred the decision on 28% taxation on casinos, online gaming, horse racing and lottery, until next meeting in August. Headed by Union FM Nirmala Sitharaman, the 47th GST-Council meeting on June 29, decided to tax fantasy plays. Furthermore, a GoM headed by Meghalaya CM Conrad Sangma has been asked to consider submissions of stakeholders and submit report by July 15.

Wed, 29 Jun 2022 - 06:55 PM / by Varsha Joshi

Tags: GST Council, casino, 28% Tax, Gambling, Nirmala Sitharaman

GST Council

Photo: The Economic Times

GST Council Meeting Next Week, Panel Likely To Change GST Rates For Items

The 47th GST Council is likely to hold a meeting this week, in Chandigarh.  During the meeting, the members are lilkey to discuss several suggestions including changes in goods and services tax (GST) rates on a handful of items. The GST meeting headed by Union Finance Minister Nirmala Sitharaman, comprising of representatives of all states and UTs, is to be held on June 28-29. 

Sun, 26 Jun 2022 - 08:41 PM / by Varsha Joshi

Tags: GST Council Meeting, 47th Meeting, Nirmala Sitharaman, GST Rate, Chandigarh

Bitcoin

Photo: NDTV

Consultation On Cryptocurrencies Done, Papers Will Be Submitted Soon

The Economic Affairs Secretary Ajay Seth addressed the media and said, they have completed the consultation on cryptocurrencies and will submit the report soon. Seth on May 30, said, "A global response is needed to deal with the challenges posed by crypto." His statement came on the lines of an event organized by Union Finance Minister Nirmala Sitharaman. Notably, bitcoins and their usage legally is a concern globally.

 

Mon, 30 May 2022 - 07:30 PM / by Varsha Joshi

Tags: Cryptocurrencies, FINANCE MINISTRY, Nirmala Sitharaman, Ajay Seth, Indian Govt