finance minister

FM Flags serious issues related to taxation & digital economy companies

Income Tax - Smt Sitharaman flags serious issues relates to taxation and digital economy companies, and to curb tax avoidance & evasion FM urged to contain international oil market to bring benefits to both the oil exporting and importing countries FM flags issue of economic offenders fleeing legal jurisdictions and calls for cohesive action against s...

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Why J&K, & New Approach to Terrorism will Remain a Key Political Issue

Income Tax - During the course of election campaign, whenever issues relating to the terror attack at Pulwama and the Air Strikes at Balakot are raised, India’s Opposition is on the back-foot. Why are national security and terrorism related issues being made into subject matters of electoral debate? This is a question they raise....

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Choice of Political Funding – Cheque, Electoral Bonds or Blackmoney from Contractors and middlemen

Income Tax - The past few days have witnessed several cases where the Election Commission and the revenue authorities, both separately and acting jointly, trying to curb the use of blackmoney in elections. ...

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Rule of Law and the State of Jammu & Kashmir

Income Tax - The seven decade history of the State of Jammu & Kashmir confronts changing India with several questions. Was the Nehruvian course, which the State had embarked, a historical blunder or was it the correct course to follow? Most Indians today believe that it is the former. Does our policy today have to be guided by that erroneous vision or...

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Why Agriculture, Rural Development & Healthcare Require a GST Council Type Structure?

Income Tax - The GST was enabled by a Constitution Amendment which was unanimously approved by both the Houses of Parliament. Several legislations to implement the GST were passed by the Parliament. Laws relating to the State GST (SGST) were approved by all the State Legislatures....

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Legitimate action against corruption is not vendetta: Arun Jaitley

Income Tax - It has become a routine practice to call any action against corruption as political vendetta. Claim of vendetta has never been a legitimate defence in corruption. Those who commit such large acts of corruption have to be judged on the merits of the action itself....

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Piyush Goyal made temporary finance minister

Income Tax - Union Minister Shri Piyush Goyal, temporarily assigned charges of Minister of Finance and Minister of Corporate Affairs in addition to his existing portfolios. President’s Secretariat PRESS COMMUNIQUÉ Posted On: 23 JAN 2019 The President of India, as advised by the Prime Minister, hereby directed that during the period of indisposi...

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Investigative agencies to maintain high standards of professionalism: FM

Income Tax - Shri Arun Jaitley, Union Minister for Finance and Corporate Affairs, exhorted Directorate of Revenue Intelligence to maintain high integrity and professional standards and endeavour to become a a near perfect organisation....

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FM defends Demonitisation & explains its Impact

Income Tax - Demonitisation compelled holders of cash to deposit the same in the banks. The enormity of cash deposited and identified with the owner resulted in suspected 17.42 lakh account holders from whom the response has been received online through non-invasive method. ...

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Lessons for Rahul Gandhi from his Partyman

Income Tax - The Congress Party, for the last few days, has been busy spreading disinformation about the Government’s possible moves in relation to the private sector company IL&FS. The Congress is a national saboteur. It wants to sabotage India’s economy by allowing a situation in relation to a company to persist, expand and become unmanageable. ...

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Assessee is entitled for depreciation on assets of a closed unit which are part of block of assets

Swati Synthetics Ltd. Vs. ITO (ITAT Mumbai) - The assets did not fall under any of the above exceptional three conditions. The said block of assets was used for the purpose of business during the year. Under the circumstances the assets of the said closed unit amounts to use for the purpose of business in the year under consideration ,...

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FM Statement on Kelkar Committee Report, Fiscal Roadmap & Consolidation

Income tax press release - (29/10/2012) - The Kelkar Committee has cautioned us that a business-as-usual scenario for the current year may lead to the fiscal deficit rising to 6.1 per cent of GDP. This would have grave consequences for the economy is, therefore, totally unacceptable. The Committee has recommended a number of reform measures...

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Inauguration of Income Tax Office at Chinsurah, West Bengal

NA - (08/12/2010) - Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 - Publicity in the official web site...

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Cashless mediclaim facility will continue: Pranab Mukherjee

NA - (06/08/2010) - Finance Minister Pranab Mukherjee on Monday allayed fears of withdrawal of the cashless mediclaim facility by public sector general insurance companies, saying these firms have not done away with these schemes and are only standardising the rates for various hospitals....

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Recent Posts in "finance minister"

FM Flags serious issues related to taxation & digital economy companies

Smt Sitharaman flags serious issues relates to taxation and digital economy companies, and to curb tax avoidance & evasion FM urged to contain international oil market to bring benefits to both the oil exporting and importing countries FM flags issue of economic offenders fleeing legal jurisdictions and calls for cohesive action against s...

Read More
Posted Under: Income Tax |

Why J&K, & New Approach to Terrorism will Remain a Key Political Issue

During the course of election campaign, whenever issues relating to the terror attack at Pulwama and the Air Strikes at Balakot are raised, India’s Opposition is on the back-foot. Why are national security and terrorism related issues being made into subject matters of electoral debate? This is a question they raise....

Read More
Posted Under: Income Tax |

Legitimate action against corruption is not vendetta: Arun Jaitley

It has become a routine practice to call any action against corruption as political vendetta. Claim of vendetta has never been a legitimate defence in corruption. Those who commit such large acts of corruption have to be judged on the merits of the action itself....

Read More
Posted Under: Income Tax |

Choice of Political Funding – Cheque, Electoral Bonds or Blackmoney from Contractors and middlemen

The past few days have witnessed several cases where the Election Commission and the revenue authorities, both separately and acting jointly, trying to curb the use of blackmoney in elections. ...

Read More
Posted Under: Income Tax |

Rule of Law and the State of Jammu & Kashmir

The seven decade history of the State of Jammu & Kashmir confronts changing India with several questions. Was the Nehruvian course, which the State had embarked, a historical blunder or was it the correct course to follow? Most Indians today believe that it is the former. Does our policy today have to be guided by that erroneous vision or...

Read More
Posted Under: Income Tax |

Why Agriculture, Rural Development & Healthcare Require a GST Council Type Structure?

The GST was enabled by a Constitution Amendment which was unanimously approved by both the Houses of Parliament. Several legislations to implement the GST were passed by the Parliament. Laws relating to the State GST (SGST) were approved by all the State Legislatures....

Read More
Posted Under: Income Tax |

Piyush Goyal made temporary finance minister

Union Minister Shri Piyush Goyal, temporarily assigned charges of Minister of Finance and Minister of Corporate Affairs in addition to his existing portfolios. President’s Secretariat PRESS COMMUNIQUÉ Posted On: 23 JAN 2019 The President of India, as advised by the Prime Minister, hereby directed that during the period of indisposi...

Read More
Posted Under: Income Tax |

Present Government and Workers- Article by FM Arun Jaitley

The Left affiliated Trade Unions have organised a Bharat Bandh on the 8th & 9th January, 2019. Are there any real issues before them or is it a part of the strategy of the Left political organisations to organise a symbolic unrest to ensure that they are not wiped out from the political map of India....

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Posted Under: Income Tax |

Benefits of the Aadhaar – where it stands today

The idea of having a Unique Identity Number (UID) for every citizen of India was conceived by Shri Nandan Nilekani during the UPA Government. Unquestionably, the credit goes to him for conceiving, initiating and implementing the idea. Aadhaar, however, was non-statutory. ...

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Posted Under: Income Tax |

Two years of insolvency and Bankruptcy Code (IBC)

The early harvest through the IBC process has been extremely satisfactory. It has changed the debtor - creditor relationship. The creditor no longer chases the debtor. In fact, it is otherwise. Upon constitution of the NCLT and the implementation of IBC its functionality had revealed the need for improvements in the law. Two legislat...

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Posted Under: Income Tax |

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