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ministry of finance

Latest Articles


Investment in Share Market: Fundamental V/S Technical

Finance : Ever wondered what is the difference between Fundamental and Technical approaches to Stock Picking? Is Technical Analysis a form o...

July 16, 2021 4164 Views 0 comment Print

The Illusion of Return on Investment

Finance : In March 2020, when we had a market crash due to Covid-19, there were many people & articles talking about Market are under-pe...

July 14, 2021 2307 Views 3 comments Print

Where to Invest Money in India Now – Booming Market & Money Making

Finance : General believe lies among several goes saying Stock Market is very unstable, turbulent, uncertain, gamble and nobody likes taking...

July 8, 2021 2658 Views 1 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 1761 Views 0 comment Print

Financial Assistance Schemes for Electronic Component Manufacturers

Finance : Financial Assistance for Electronic Component Manufacturers PLI SCHEME – AN OVERVIEW Production Linked Incentive Scheme (PLI) fo...

June 29, 2021 1452 Views 0 comment 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 435 Views 0 comment Print

Services Contributed Over 50% To GDP

Finance : SERVICES CONTRIBUTED OVER 50% TO GDP SECTOR WITNESSED 10.8% GROWTH DURING FIRST HALF OF 2021-22 8.2 % GROWTH EXPECTED IN OVERALL S...

January 31, 2022 699 Views 0 comment Print

DGGI refutes speculative media reports in case of ‘Odochem Industries’

Custom Duty : DGGI refutes multiple speculative media reports in case of M/s Odochem Industries; sets the record straight on facts In the contex...

December 30, 2021 501 Views 0 comment Print

Public Debt Management Quarterly Report for July – September 2021 (Q2 FY22)

Finance : Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic A...

December 28, 2021 1308 Views 0 comment Print

FM concludes pre-Budget meetings for forthcoming Union Budget 2022-23

Finance : Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2022-23 More than 120 invitees...

December 23, 2021 573 Views 0 comment Print


Latest Judiciary


Kerala HC Grants Stay on Income Tax Recovery Pending Final Order

Income Tax : Kerala High Court's stay order halts income tax recovery until final decision. Read the full text of the judgment/order here....

April 3, 2024 456 Views 0 comment Print

Service Tax on Renting of Immovable Properties- AP High Court stays retrospective amendment

Service Tax : TRENT Ltd and Future Value Retail Ltd have challenged before the AP High Court, the service tax with retrospective effect on rent...

June 7, 2010 687 Views 0 comment Print


Latest Notifications


Income Tax Notification No. 13/2024: Summoning Witnesses for Departmental Inquiry

Income Tax : Explore Notification No. 13/2024 by the Ministry of Finance, Central Board of Direct Taxes. Learn about the summoning of witnesses...

January 19, 2024 1035 Views 0 comment Print

Contingency Fund of India (Amendment) Rules, 2021

Finance : An amount equivalent to forty per cent of the Fund corpus shall be placed at the disposal of the Secretary, Ministry of Finance, D...

October 4, 2021 4827 Views 0 comment Print

Initiation of sunset Review investigation on imports of Toluene Di-isocyanate

Custom Duty : Case No. AD (SSR) - 20/2021 Initiation of sunset Review investigation concerning imports of Toluene Di-isocyanate (TDI), originati...

August 27, 2021 429 Views 0 comment Print

CBDT designates Special Court for Meghalaya under Section 280A & Black Money Act

Income Tax : Notification No. 88/2021-Income Tax | Dated 04.08.2021 – High Court of Meghalaya, hereby designates the court of the senior ...

August 4, 2021 462 Views 0 comment Print

Tariff Notification No. 63/2021-Customs (N.T.), Dated: 30.07.2021

Custom Duty : Tariff Notification No. 63/2021-Customs (N.T.), Dated: 30.07.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scr...

July 30, 2021 681 Views 0 comment Print


New Circular on Duty Free Import Authorization (DFIA) Scheme

February 25, 2009 5013 Views 0 comment Print

In this background the Commissioners of Customs/Customs & Central Excise, through whose jurisdiction exports under DFIA scheme have taken place, shall review all cases of such exports and take appropriate measures to recover duties wherever required in terms of these instructions

MEASURES TO PREVENT RECURRENCE OF FINANCIAL SCAMS: MOF

February 20, 2009 276 Views 0 comment Print

Press Information Bureau , Government of India Thursday, February 19, 2009 Rajya Sabha The irregularities in the accounts of Satyam Computer Services Ltd. were brought out in the email sent on January 7, 2009 by Shri B. Ramalinga Raju, erstwhile Chairman of the company to certain stock exchanges and others disclosing information that the statements […]

Notification No. 16/2009-Custom Duty, Dated: 19.02.2009

February 19, 2009 279 Views 0 comment Print

Notification No. 16/2009-CUSTOMS Provided that the authorizations issued on the basis of self declaration where Standard Input Output Norms are not fixed, shall also be valid for import of inputs required for the manufacture of export products provided the authorization holder shall prove to the satisfaction of the jurisdictional Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, that an application in Aayat Niryat form along with documents specified therein has been submitted to the Director General of Foreign Trade, in terms of para 4.7 of the Hand Book of Procedure (Volume I) of Foreign Trade Policy before making the first shipment

Notification No. 14/2009-cutoms Duty, Dated: 19.02.2009

February 19, 2009 2826 Views 0 comment Print

(a) the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and (b) from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, 1975, subject to the following conditions, namely :-

Service Tax Circular on applicability of service tax on activities carried out by builders / promoters / developers

January 31, 2009 5804 Views 0 comment Print

Construction of building complexes, having more than twelve residential units is subject to service tax under the category of „Construction of Complex Services.? In the past, various views have been expressed on the applicability of the service tax in cases where an agreement of sale is entered into between the builder and the buyer of a unit in a residential complex, as mentioned below

Service Tax Exemption for Services provided to GTA

January 8, 2009 1128 Views 0 comment Print

Notification No.1/2009 – Service Tax Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services specified in sub-clauses (j), (k), (zr), (zza), (zzb), (zzzf), (zzzq) and (zzzzj) of clause (105) of section 65 of the Finance Act, provided by any person to a goods transport agency for use by the said goods transport agency to provide any service, referred to in sub-clause (zzp) of clause (105) of section 65 of the Finance Act

Savings Bonds-Extending the Collateral Facility

August 24, 2008 222 Views 0 comment Print

Government of India have amended the notifications relating to 7% Savings Bonds, 2002, 6.5% Savings (Non-Taxable) Bonds, 2003, and 8% Savings (Taxable) Bonds, 2003 Schemes, to allow for pledge/lien/ hypothecation of the said Bonds as collateral for obtaining loans from Scheduled Banks. Accordingly, the holders of the said Bonds will be entitled to create pledge or hypothecation or lien in favour of scheduled banks in accordance with section 28 of the Government Securities Act, 2006 and regulations 21 and 22 of the Government Securities Regulations, 2007.

Cost Inflation Index for FY 2008-09 / AY 2009-2010

August 19, 2008 7752 Views 0 comment Print

Central Government, having regard to seventy-five per cent of the average rise in the Consumer Price Index for the Financial Year commencing from the 1st day of April, 2007 and ending on the 31st day of March, 2008 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the Financial Year commencing from the 1st day of April, 2008 and ending on the 31st day of March, 2009

E-payment of income tax can be made from account of any other person

July 14, 2008 30529 Views 0 comment Print

The Central Board of Direct Taxes, vide notification S.O.No.493(E) dated 13.3.2008 have notified the categories of taxpayers who are mandatorily required to electronically pay taxes on or after the 1st day of April, 2008. The taxpayers who are required to pay taxes by the prescribed mode are – (i) a company; and (ii) a person (other than a company), to whom provisions of section 44AB of the inco9me-tax Act, 1961 are applicable. Circular No.5/2008

MoF revises ECB policy; enhances USD 20 mn limit to USD 50 mn for Rupee expenditure

June 9, 2008 327 Views 0 comment Print

*HAVING reviewed the External Commercial Borrowing (ECB) in* in consultation with Reserve Bank of India (RBI) to keep it in tune with the evolving macroeconomic situation, changing market conditions, sectoral requirements, the external sector and lessons of experience, the Ministry of Finance today enhanced the limit to USD 50 mn for Rupee expenditure for permissible […]

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