Search For "ministry of finance"
Finance Ministry advises banks not to levy charges on electronic transacti
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 30 (ANI): The Union Ministry of Finance has advised all the banks not to collect any charges on transactions or payments made through electronic mode, the Central Board of Direct Taxes (CBDT) said in a statement on Sunday.
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Businesses with annual turnover of up to Rs 40 lakhs are GST exempt: Finan
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 24 (ANI): Businesses with an annual turnover of up to Rs 40 lakhs are Goods and Services Tax (GST) exempt and those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only one per cent tax, the Ministry of Finance said on Monday.
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1.22 crore Kisan Credit Cards sanctioned with credit limit of Rs 102,065 c
Updated : 5 years, 10 months ago IST
New Delhi [India], August 20 (ANI): A total of 1.22 crore Kisan Credit Cards (KCCs) have been sanctioned with a credit limit of Rs 102,065 crore as on August 17, Ministry of Finance said here on Thursday.
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Sitharaman launches online dashboard of National Infrastructure Pipeline
Updated : 5 years, 11 months ago IST
New Delhi [India], August 10 (ANI): Union Finance Minister Nirmala Sitharaman on Monday launched the online dashboard of National Infrastructure Pipeline showcasing over 6800 projects, the Ministry of Finance said.
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Worst economic phase over, indicators show improvement: Finance Ministry
Updated : 5 years, 11 months ago IST
New Delhi [India], Aug 4 (ANI): With gradual unlocking of COVID-19 restrictions, the worst on the economic front seems to be over as high-frequency indicators show improvement, according to the latest monthly report released by the Ministry of Finance on Tuesday.
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Govt extends due date for filing Income Tax Returns till September 30 for
Updated : 5 years, 11 months ago IST
New Delhi [India], July 30 (ANI): In view of the constraints due to the COVID-19 pandemic and to further ease compliances for taxpayers, Central Board of Direct Taxes (CBDT) extends the due date for filing of Income Tax Returns for FY 2018-19(AY 2019-20) from July 31 to September 30, 2020, a
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DGGI books 3 firms for tax evasion of over Rs 600 crores
Updated : 5 years, 11 months ago IST
New Delhi [India], July 27 (ANI): The Directorate General of GST Intelligence (DGGI) on Monday booked three firms for tax evasion of more than Rs 600 crores, said the Ministry of Finance.
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Stern action initiated against 1,474 untraceable exporters claiming Rs 202
Updated : 5 years, 11 months ago IST
New Delhi [India], July 26 (ANI): Stern action is proposed against the risky exporters who have been claiming IGST Refund worth Rs.2,020 crore and were found untraceable, said Finance Ministry Sources in the know of the matter, stating that the number of such untraceable risky exporters has
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Finance Minister Sitharaman lauds IT Department for being responsive to pe
Updated : 5 years, 11 months ago IST
New Delhi [India], July 24 (ANI): Union Finance Minister Nirmala Sitharaman lauded the IT Department "for being responsive to people" as the Central Board of Direct Taxation (CBDT) observes 160th Income Tax day towards nation-building.
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Government plans to add 4-5 more sectors in production-linked incentive sc
Updated : 5 years, 11 months ago IST
New Delhi [India], July 23 (ANI): Apart from the mobile handset sector the Finance Ministry is looking at adding more sectors in production-linked incentive schemes, extending it to medical equipment and pharmaceuticals sectors, said Tarun Bajaj, Secretary, Department of Economic Affairs, Mi
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NPS adds 1.03 lakh subscriptions from private sector in Q1 FY21
Updated : 5 years, 11 months ago IST
New Delhi [India], July 17 (ANI): The National Pension System (NPS) registered 30 per cent growth in subscription numbers in the first quarter of current fiscal year after 1.03 lakh individual subscribers from the private sector and 206 corporates were enrolled.
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No proposal to merge CBDT, CBIC, says Centre; refutes media report as 'bas
Updated : 6 years ago IST
New Delhi [India], July 6 (ANI): The government is not considering any proposal to merge the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC), the Union Finance Ministry said on Monday.
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