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Latest Articles


Taxation of Debt Funds

Income Tax : Explore the changes in taxation of debt mutual funds pre and post April 2023. Learn about impacts, benefits, and strategies. Inves...

March 29, 2024 5853 Views 0 comment Print

Budget: The Beacon of Evolution

Finance, Income Tax : Explore the impact of Indias budget evolution in 2024, focusing on economic growth, reducing disparity, and strategic resource all...

March 12, 2024 180 Views 0 comment Print

FM releases COVID Relief Package to boost economy: A Liquidity Lifeline

Finance : Welcome Announcements by Finance Minister to boost COVID affected sectors: Healthcare, Tourism, Exports, Job Creation In a bid to ...

June 29, 2021 1776 Views 0 comment Print

Unlocking The Lockdown: Logical Steps Needed

Finance : Before the Unlocking starts I have some suggestions for Government, Trade and Citizen. They can be further discussed with all the ...

May 30, 2021 936 Views 0 comment Print

Special Cash Package Scheme In Lieu of LTC for Government Employees

Finance : 1. The Government vide office memorandum no. F.No. 12(2)/2020—EH(A) dated 12 October 2020 announced the Cash Voucher LTC (Leave ...

October 13, 2020 51285 Views 138 comments Print


Latest News


Nirmala Sitharaman Takes Office as Finance and Corporate Affairs Minister

Finance : Smt. Nirmala Sitharaman assumes office as Union Minister for Finance & Corporate Affairs, pledges commitment to 'Ease of Living' a...

June 12, 2024 441 Views 0 comment Print

FM Nirmala Sitharaman Leads 164th Income Tax Day Celebrations in Delhi

Income Tax : Marking the 164th Income Tax Day, Finance Minister Nirmala Sitharaman praises CBDT's efforts in tax administration reforms and ea...

July 27, 2023 489 Views 3 comments Print

Multiple steps outlined to prevent operations of Illegal Loan Apps: FM

Finance : Finance Minister Smt. Nirmala Sitharaman chairs meeting on Illegal Loan Apps. Multiple steps outlined to prevent operations of suc...

September 9, 2022 597 Views 0 comment Print

India needs 4 -5 more banks like SBI: FM

Finance : India needs 4 -5 more banks like SBI to meet changing requirements of the Indian Economy: Nirmala Sitharaman FM says Long Term Fut...

September 26, 2021 879 Views 0 comment Print

FM laid foundation stone today for office building of I-T Department

Income Tax : Smt. Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs laid foundation stone today for office building...

September 5, 2021 1572 Views 0 comment Print


Latest Judiciary


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

Income Tax : The assets did not fall under any of the above exceptional three conditions. The said block of assets was used for the purpose of ...

January 10, 2010 10600 Views 0 comment Print


Latest Notifications


The National Commission For Allied And Healthcare Professions Act, 2021

Corporate Law : (1) This Act may be called the National Commission for Allied and Healthcare Professions Act, 2021. (2) It shall come into force o...

March 28, 2021 1872 Views 0 comment Print

4th FAQs on LTC Cash Voucher Scheme

Income Tax : Whether the full and final settlement of the bills pertaining to LTC Cash Scheme is also to be ensured by 31st March, 2021, withou...

March 10, 2021 25809 Views 2 comments Print

FM announces measures of Rs 73,000 crore to stimulate consumer spending

Finance : Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight a...

October 12, 2020 684 Views 0 comment Print

FM announces Stimulus to boost Demand in Economy: Highlights

Finance : Under LTC Cash Voucher Scheme, the Government has decided to give cash payment to employees in lieu of one LTC during 2018-21, in...

October 12, 2020 702 Views 0 comment Print

LTC for Central Government Employees during Block 2018-21

Finance : It has been decided that cash equivalent of LTC, comprising Leave Encashment and LTC fare of the entitled LTC may be paid by way o...

October 12, 2020 128490 Views 22 comments Print


FM Says Direct Taxes are Major Resource for Undertaking Development Work

February 27, 2011 546 Views 0 comment Print

FM Says Direct Taxes are Major Resource for Undertaking Development Work; Releases Coins in Denomination of Rs. 150 and Rs. 5 to Commemorate Completion of 150 Years of Income Tax.Union Finance Minister Shri Pranab Mukherjee said that direct taxes are now the major resource provider to the Central Government for undertaking developmental work.

Finance Minister to leave for Paris Tomorrow to attend G-20 Finance Ministers and Central Bank Governors Meet

February 17, 2011 195 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee will leave for Paris tomorrow evening on a three days visit to attend G-20 Finance Ministers and Central Bank Governors’ Meet on 18th and 19th February, 2011. He will return to national capital on Sunday,2

Finance Minister to meet Congress leaders on budget tomorrow

February 15, 2011 309 Views 0 comment Print

Ahead of the budget session beginning next week, Finance Minister Pranab Mukherjee will hold consultations with senior party leaders tomorrow at the AICC headquarters in New Delhi. With Assembly elections scheduled in five states including West Benga

Centre likely to call another GST meeting next month

February 15, 2011 427 Views 0 comment Print

With consensus still eluding the proposed Goods and Services Tax regime, the Centre may call for another meeting with state finance ministers next month, before introducing the Constitutional Amendment Bill to pave the way for rolling out GST.

Black money to be taxable under DTC- Govt

February 14, 2011 300 Views 0 comment Print

Black money parked in tax havens abroad will be taxable income under the Direct Taxes Code Bill, the Centre told the Supreme Court on Wednesday, spelling out a host of measures to retrieve it. The government also informed the apex court that it has completed negotiations for Tax Informations Exchange Agreement with 10 countries where the money is believed to have been stashed.

Monthly IIP numbers don’t tell the true story- Finance Minister

February 14, 2011 357 Views 0 comment Print

While expressing disappointment at the low 1.6 per cent industrial output growth during December, Finance Minister Pranab Mukherjee said on Friday monthly numbers do not reflect correct picture of the economy. “IIP numbers are very unfortunate and it

Black Money – Now I-T Officials to Join world economic body OECD

February 13, 2011 297 Views 0 comment Print

After deciding to deploy revenue service officers at eight overseas Income Tax units, the government will now depute IRS officers at the top world economic body OECD to improve global cooperation in tackling money laundering, tax crimes and bribery.

Blackmoney issue-Now I-T officials to join OECD

February 11, 2011 288 Views 0 comment Print

After deciding to deploy revenue service officers at eight overseas Income Tax units, the government will now depute IRS officers to an international economic body OECD to enhance Indian capabilities in tackling money laundering, tax crimes and bribe

2G spectrum scam- Govt may finally agree to form JPC

February 10, 2011 309 Views 0 comment Print

Signals that Government may agree to formation of a JPC to probe the 2G spectrum scam emerged today after talks between government and the opposition to break the stalemate in Parliament ahead of the Budget Session. Coming out of the hour-long all-party meeting convened by Finance Minister Pranab Mukherjee, opposition leaders claimed there was consensus on the JPC issue and both the sides were keen that Parliament should function.

Stop looking for sops; Mukherjee to exporters

February 9, 2011 306 Views 0 comment Print

Ahead of the Budget, Finance Minister Pranab Mukherjee today said exporters will have to “fight” their own battle and stop expecting fiscal incentives from the government.

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