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Budget 2023: What's The Role Of Finance Bill
The Finance Bill is presented before the Parliament every year as part of the Union Budget documents. It is a Money Bill, which is used to implement changes in taxation proposed in the annual Budget. Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1.
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8-Year-Old Girl Asks Santa To ''Bring Money For Mum And Dad'' In Heartbreaking Letter
Instead of asking for gifts for herself, the selfless girl asked Santa to help her mum and dad with their finances, as they were struggling with bills and mortgages.
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Hong Kong Amends Anti-Money Laundering Bill to Include Crypto, Here’s What it Means
Hong Kong, who recently emerged as the most crypto ready nation in the world, has taken a proactive step to ensure that crypto assets are not misused by criminals for moving illicit funds, illegally. The country has amended its Anti-Money Laundering (AML) and Counter-Terrorist Financing (Amendment) Bill 2022, to now include crypto transactions as w...
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No Proposal To Recognise Bitcoin As A Currency, Says Finance Minister
Bitcoin is a digital currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties.
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Aadhaar Card-PAN Card Linking Last Date Today: How To Link Aadhaar-PAN Online
Aadhaar-PAN Linking Last Date Today: According to Finance Bill 2021, a person will be liable to pay a late fee of up to Rs 1,000 in case of non-linking of the PAN number with Aadhaar card.
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Finance Bill 2020 Proposes Amendment To Levy 5% Tax On Overseas Remittance
In a statement on Friday, the Ministry of Finance said, "The government imposed a tax collection at source (TCS), akin to TDS on remittances after an internal survey by the income tax department which showed that not only year-on-year more and more money is being sent under LRS but also a large number of those sending out money had not filed income...
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Budget 2020 Explainer: What Is Finance Bill?
Budget 2020: As per Rule 219 of the Rules of Procedure of Lok Sabha, a Finance Bill is a bill ordinarily introduced in each year to give effect to the financial proposals of the Government for the following financial year and includes a Bill to give effect to supplementary financial proposals for any period.
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"Money Laundering": Congress Takes On BJP After Reports On Electoral Bonds
The Congress has posed a series of questions for the Narendra Modi government after news reports that claimed the Centre had disregarded a warning from the Reserve Bank about electoral bonds. Legalisation of electoral bonds, for which the RBI Act had to be amended, was part of the Finance Bill 2017, which has come under the scanner of the Supreme C...
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"Deeply Grateful": Jairam Ramesh On Supreme Court Order On Finance Bill
The Supreme Court's order on the validity of the Finance Act 2017 will have "far-reaching consequences" on any attempts to abuse the Money Bill route, said Congress leader Jairam Ramesh, the petitioner in the case.
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Aadhaar Could Be Among 19 Money Bills Under Supreme Court Scanner
The Centre's decision to club nearly 20 bills under the finance act as "money bill" has come under scrutiny of the Supreme Court. The decision of the Speaker to allow these as money bill has now been referred to a larger Constitution bench. The Bench will take a call on whether the decision of the Speaker - who has to certify a bill as money bill...
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Lack Of Extradition Process From Hong Kong To China Flagged By Watchdog
The lack of a mechanism in Hong Kong to extradite suspects to other parts of China was cited as an obstacle to tackling money laundering and terrorism financing by an international monitoring group on Wednesday, the same day Hong Kong's government officially withdrew a controversial bill that hoped to solve the problem.
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No Need To Create Fear Psychosis Over FRDI Bill, Says Arun Jaitley
Finance minister assures Lok Sabha that money of all depositors in public sector banks will be protected.
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Your 10-Point Guide To New Bank Bill And Its Bail-In Provision
A proposed law which the government claims will help contain the impact of a failing bank is also designed to protect the rights of depositors, Finance Minister Arun Jaitley has said to allay worries that a "bail-in" provision allows depositors' money to be used by weak institutions to pay out of a total collapse. The Financial Resolution and Depos...
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Aadhaar-PAN Linking Must From July 1, Government Notifies Rules
Finance Minister Arun Jaitley through an amendment to tax proposals in the Finance Bill for 2017-18 had made Aadhaar mandatory for filing income tax returns.
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Income Tax Department Launches Facility To Correct PAN, Aadhaar Card Errors
Finance Minister Arun Jaitley, through an amendment to the Finance Bill for 2017-18, had made Aadhaar mandatory for filing income tax returns and provided for linking of PAN with Aadhaar.
-
Budget 2023: What's The Role Of Finance Bill
The Finance Bill is presented before the Parliament every year as part of the Union Budget documents. It is a Money Bill, which is used to implement changes in taxation proposed in the annual Budget. Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1.
-
8-Year-Old Girl Asks Santa To ''Bring Money For Mum And Dad'' In Heartbreaking Letter
Instead of asking for gifts for herself, the selfless girl asked Santa to help her mum and dad with their finances, as they were struggling with bills and mortgages.
-
Hong Kong Amends Anti-Money Laundering Bill to Include Crypto, Here’s What it Means
Hong Kong, who recently emerged as the most crypto ready nation in the world, has taken a proactive step to ensure that crypto assets are not misused by criminals for moving illicit funds, illegally. The country has amended its Anti-Money Laundering (AML) and Counter-Terrorist Financing (Amendment) Bill 2022, to now include crypto transactions as w...
-
No Proposal To Recognise Bitcoin As A Currency, Says Finance Minister
Bitcoin is a digital currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties.
-
Aadhaar Card-PAN Card Linking Last Date Today: How To Link Aadhaar-PAN Online
Aadhaar-PAN Linking Last Date Today: According to Finance Bill 2021, a person will be liable to pay a late fee of up to Rs 1,000 in case of non-linking of the PAN number with Aadhaar card.
-
Finance Bill 2020 Proposes Amendment To Levy 5% Tax On Overseas Remittance
In a statement on Friday, the Ministry of Finance said, "The government imposed a tax collection at source (TCS), akin to TDS on remittances after an internal survey by the income tax department which showed that not only year-on-year more and more money is being sent under LRS but also a large number of those sending out money had not filed income...
-
Budget 2020 Explainer: What Is Finance Bill?
Budget 2020: As per Rule 219 of the Rules of Procedure of Lok Sabha, a Finance Bill is a bill ordinarily introduced in each year to give effect to the financial proposals of the Government for the following financial year and includes a Bill to give effect to supplementary financial proposals for any period.
-
"Money Laundering": Congress Takes On BJP After Reports On Electoral Bonds
The Congress has posed a series of questions for the Narendra Modi government after news reports that claimed the Centre had disregarded a warning from the Reserve Bank about electoral bonds. Legalisation of electoral bonds, for which the RBI Act had to be amended, was part of the Finance Bill 2017, which has come under the scanner of the Supreme C...
-
"Deeply Grateful": Jairam Ramesh On Supreme Court Order On Finance Bill
The Supreme Court's order on the validity of the Finance Act 2017 will have "far-reaching consequences" on any attempts to abuse the Money Bill route, said Congress leader Jairam Ramesh, the petitioner in the case.
-
Aadhaar Could Be Among 19 Money Bills Under Supreme Court Scanner
The Centre's decision to club nearly 20 bills under the finance act as "money bill" has come under scrutiny of the Supreme Court. The decision of the Speaker to allow these as money bill has now been referred to a larger Constitution bench. The Bench will take a call on whether the decision of the Speaker - who has to certify a bill as money bill...
-
Lack Of Extradition Process From Hong Kong To China Flagged By Watchdog
The lack of a mechanism in Hong Kong to extradite suspects to other parts of China was cited as an obstacle to tackling money laundering and terrorism financing by an international monitoring group on Wednesday, the same day Hong Kong's government officially withdrew a controversial bill that hoped to solve the problem.
-
No Need To Create Fear Psychosis Over FRDI Bill, Says Arun Jaitley
Finance minister assures Lok Sabha that money of all depositors in public sector banks will be protected.
-
Your 10-Point Guide To New Bank Bill And Its Bail-In Provision
A proposed law which the government claims will help contain the impact of a failing bank is also designed to protect the rights of depositors, Finance Minister Arun Jaitley has said to allay worries that a "bail-in" provision allows depositors' money to be used by weak institutions to pay out of a total collapse. The Financial Resolution and Depos...
-
Aadhaar-PAN Linking Must From July 1, Government Notifies Rules
Finance Minister Arun Jaitley through an amendment to tax proposals in the Finance Bill for 2017-18 had made Aadhaar mandatory for filing income tax returns.
-
Income Tax Department Launches Facility To Correct PAN, Aadhaar Card Errors
Finance Minister Arun Jaitley, through an amendment to the Finance Bill for 2017-18, had made Aadhaar mandatory for filing income tax returns and provided for linking of PAN with Aadhaar.
