Prime Minister Modi retains key ministers, inducts new faces in revamped cabinet
Modi 3.0 cabinet: Prime Minister Narendra Modi unveiled his new cabinet on Monday, following his historic third consecutive term victory in the recent Lok Sabha elections. The council of ministers reflects a blend of continuity and change, with several key figures retaining their portfolios and fresh faces being brought in for other crucial positions.
Budget 2024-25: FM sticks to path of fiscal prudence, no change in tax structure
Union Finance Minister Nirmala Sitharaman presented the Modi 2.0 government’s last Budget before the general elections on Thursday. The interim budget has a mix of measures for the economy and significant segments for women that are important from the point of voters’ pull.
PM Modi hails interim budget as inclusive and progressive
Prime Minister Narendra Modi Union Budget 2024-25: Prime Minister Narendra Modi Thursday congratulated Finance Minister Nirmala Sitharaman on the successful presentation of the interim budget. “It may be an interim budget but it is an inclusive and progressive one and a reflection of Vikshit Bharat,” Modi said in a speech.
PM Modi to lay the foundation of new Parliament building next week
New Parliament Building-Central Vista: Prime Minister Narendra Modi will lay the foundation stone for the country’s new Parliament building on Thursday, said Lok Sabha speaker Om Birla, adding that in the new building each member will have at least 40 square meter of working space.
RBI expert group suggests hiking promoters’ stake to 26 per cent
The expert group has also recommended that large corporate or industrial houses may be allowed as promoters of banks only after amendments to the Banking Regulation Act and strengthening of the supervisory mechanism for large business houses, including a consolidated supervision system.
GST Collection in August stands at Rs 86,449 crores
The gross GST revenue collected in the month of August, 2020 is Rs 86,449 crore of which CGST is Rs 15,906 crore, SGST is Rs 21,064 crore, IGST is Rs 42,264 crore,” said the finance ministry.
GST Return: How to file GST Nil returns by sending SMS
How to file Nil GSTR-1 Returns through SMS: In a big relief to GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the filing of NIL GSTR-1 return just by sending a SMS. It would substantially improve ease of GST compliance, according to the tax experts.
Good News! Modi government extends Aadhaar-PAN linking deadline
PAN-Aadhaar linking deadline: Modi governmet has extended the deadline to link PAN with Aadhaar by another three months.However, this may be one last opportunity.
Income Tax Department busts Benami petrol pump racket in Meghalaya
Tax officials recovered Rs 2 crore in unaccounted cash and seized documents. Unaccounted cash was stashed in unlikely places like water tanks.
Angel Tax: Govt extends relief from angel tax to all recognised startups
Angel Tax on Startups: Modi government has extended several reliefs to start-ups facing scrutiny from income tax department, it will be with retrospective effect.
News
PM Modi hails interim budget as inclusive and progressive
Prime Minister Narendra Modi Union Budget 2024-25: Prime Minister Narendra Modi Thursday congratulated Finance Minister Nirmala Sitharaman on the successful presentation of the interim budget. “It may be an interim budget but it is an inclusive and progressive one and a reflection of Vikshit Bharat,” Modi said in a speech.
Crackdown: Income Tax dept raids two liquor groups in TN, unearths undeclared income of Rs 700 crore
Cracking down on tax evasion: In the two raids conducted over the last week, income tax officials have unearthed sham transactions worth Rs 700 crore.
Income Tax department raids a prominent builder in Mumbai
Income Tax officers have raided more than 40 places linked to the builder in Mumbai and Pune and unearthed bogus transactions worth Rs 700 crore.
Income Tax department raids a prominent builder in Mumbai
Income Tax officers have raided more than 40 places linked to the builder in Mumbai and Pune and unearthed bogus transactions worth Rs 700 crore.
GST Return: How to file GST Nil returns by sending SMS
How to file Nil GSTR-1 Returns through SMS: In a big relief to GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the filing of NIL GSTR-1 return just by sending a SMS. It would substantially improve ease of GST compliance, according to the tax experts.
Tax
Crackdown: Income Tax dept raids two liquor groups in TN, unearths undeclared income of Rs 700 crore
Cracking down on tax evasion: In the two raids conducted over the last week, income tax officials have unearthed sham transactions worth Rs 700 crore.
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Prime Minister Modi retains key ministers, inducts new faces in revamped cabinet
Modi 3.0 cabinet: Prime Minister Narendra Modi unveiled his new cabinet on Monday, following his historic third consecutive term victory in the recent Lok Sabha elections. The council of ministers reflects a blend of continuity and change, with several key figures retaining their portfolios and fresh faces being brought in for other crucial positions.
