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New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
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Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
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16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
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Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
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Who Is Choi Sang-Mok, South Korea's Second Acting President In Weeks?
Finance Minister Choi Sang-mok became on Friday South Korea's second acting president in two weeks, as lawmakers voted to impeach the current acting leader, Prime Minister Han Duck-soo, fuelling political uncertainty in Asia's fourth-largest economy.
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"Sonia Gandhi Acted As Super PM": Finance Minister On "Rudderless" UPA
Mounting an all-out offensive against the Congress and the UPA government, Finance Minister Nirmala Sitharaman said on Friday that the previous regime was a "rudderless and leaderless" one and Sonia Gandhi acted as the "Super Prime Minister".
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Chandrababu Naidu's Aides Fled, They Will Complete Money Trail: CID Chief
The investigating agency chief denied he is acting on the diktat of Chief Minister Jagan Mohan Reddy, but suggested that a former finance secretary who had contradicted the CID's claims must have done so under pressure.
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Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
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Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar
The RBI is considering if existing QR codes must act like a gateway for CBDC transactions. Currently, eRupee worth over Rs. 130 crore are in circulation as part of the going trials. The detail was revealed by Indian Finance Minister Nirmala Sitharaman earlier in March. By the end of June, India aims to onboard a million users to its CBDC ecosystem,...
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Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
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Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
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Budget 2023: Overseas Holidays May Get Costlier, Hike In TCS Proposed
The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages.
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Contractual Finance Ministry Employee Arrested For Espionage
Delhi Police's Crime Branch has arrested of a man for allegedly leaking sensitive information related to the finance ministry to foreign countries, officials said on Wednesday.
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Drugs Worth Rs 50 Crore Seized From Clandestine Labs In Hyderabad
DRI officers have seized about 25 kg of stimulant drug Mephedrone worth about Rs 50 crore from two clandestine manufacturing labs in Hyderabad, the Finance Ministry said on Monday.
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Centre Rules Out Making RBI Report On Inflation Breach Public
The said provisions of the RBI Act, 1934, and regulations therein do not provide for making the report public, Minister of State for Finance Pankaj Chaudhary said in a written reply.
-
New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
-
Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
-
16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
Who Is Choi Sang-Mok, South Korea's Second Acting President In Weeks?
Finance Minister Choi Sang-mok became on Friday South Korea's second acting president in two weeks, as lawmakers voted to impeach the current acting leader, Prime Minister Han Duck-soo, fuelling political uncertainty in Asia's fourth-largest economy.
-
"Sonia Gandhi Acted As Super PM": Finance Minister On "Rudderless" UPA
Mounting an all-out offensive against the Congress and the UPA government, Finance Minister Nirmala Sitharaman said on Friday that the previous regime was a "rudderless and leaderless" one and Sonia Gandhi acted as the "Super Prime Minister".
-
Chandrababu Naidu's Aides Fled, They Will Complete Money Trail: CID Chief
The investigating agency chief denied he is acting on the diktat of Chief Minister Jagan Mohan Reddy, but suggested that a former finance secretary who had contradicted the CID's claims must have done so under pressure.
-
Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
-
Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar
The RBI is considering if existing QR codes must act like a gateway for CBDC transactions. Currently, eRupee worth over Rs. 130 crore are in circulation as part of the going trials. The detail was revealed by Indian Finance Minister Nirmala Sitharaman earlier in March. By the end of June, India aims to onboard a million users to its CBDC ecosystem,...
-
Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
-
Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
-
Budget 2023: Overseas Holidays May Get Costlier, Hike In TCS Proposed
The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages.
-
Contractual Finance Ministry Employee Arrested For Espionage
Delhi Police's Crime Branch has arrested of a man for allegedly leaking sensitive information related to the finance ministry to foreign countries, officials said on Wednesday.
-
Drugs Worth Rs 50 Crore Seized From Clandestine Labs In Hyderabad
DRI officers have seized about 25 kg of stimulant drug Mephedrone worth about Rs 50 crore from two clandestine manufacturing labs in Hyderabad, the Finance Ministry said on Monday.
-
Centre Rules Out Making RBI Report On Inflation Breach Public
The said provisions of the RBI Act, 1934, and regulations therein do not provide for making the report public, Minister of State for Finance Pankaj Chaudhary said in a written reply.
