GST Council to discuss AG opinion on compensation: FM
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the Attorney General’s view on GST compensation was sought after consultation with the states and a meeting of the GST Council would be held More...
No need to meet tax officer in case of scrutiny notice; use faceless assessment: I-T Dept
New Delhi There is no need to meet the local Income Tax Department officer in case one receives a scrutiny notice, the tax department said in its latest public message on the new faceless assessment scheme. With More...
FinMin asks states, UTs to ensure safety of bank staff, take stern action against unruly people
New Delhi: The Finance Ministry has requested states and union territories to ensure safety and security of bank officials as well as take stern action against those who indulge in unruly behaviour with the officials. “Amid More...
FM asks GST officers to proactively address issues faced by biz in tax compliance
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday asked GST officers to foresee the issues faced by domestic businesses and address them proactively so that they can compete on a global scale and build More...
Employees allowed to claim I-T exemption on conveyance allowance under new tax regime: CBDT
New Delhi: The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers. The Central Board of Direct Taxes (CBDT) has now amended Income More...
Policeman arrested for assaulting bank employee in Gujarat
Surat: A police constable was suspended and arrested for allegedly thrashing a bank employee in Surat district after Union Finance Minister Nirmala Sitharaman sought timely action in the matter. Police constable More...
Nothing should threaten safety, dignity of bank employees: FM on banker assault
New Delhi: A day after an assault on a female staff within bank premises in Surat, Finance Minister Nirmala Sitharaman on Wednesday said nothing should threaten the safety and dignity of bank employees and that More...
Govt extends Rs 50 lakh insurance scheme for healthcare providers till September
New Delhi: Amid rising number of COVID-19 cases, the government has extended the Rs 50 lakh insurance scheme for about 22 lakh healthcare providers for another three months till September. “Any health professional, More...
FinMin proposes curbs on foreign investment in pension funds from China
New Delhi: Amidst growing tension between India and China, the finance ministry on Friday proposed putting restrictions on foreign investment in pension funds from any of India’s bordering countries. FM Nirmala More...
Finmin seeks expenditure proposals for first supplementary demands adhering to spending cut
New Delhi: The Finance Ministry has sought expenditure proposals for the first batch of supplementary demand for grants from various ministries while adhering to the spending cut in view of the COVID crisis. FM More...
