Union Finance Minister Nirmala Sitharaman on Thursday defended the Union Budget 2026-27 in Rajya Sabha, emphasising that government funds are "hard-earned contributions of every Indian citizen", not a "free pool of cash."
After the implementation of GST in the country the tax payers base has increased and tax evasion reduced, according to a research report by Bank of Baroda.
"This budget is for Viksit Bharat and for PM Modi's resolve to fulfil the dream of a new and energetic India. Every sector, be it agriculture, manufacturing, services, infrastructure or innovation, a new map has been drawn after having a proper study of every sector. A great relief has be
FM said, "The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. This will reduce the number of transactions liable to TDS, thus benefiting small tax payers receiving small payments."
The Central Board of Direct Taxes (CBDT) on Saturday extended the due date for filing the return of income tax for tax payers with international transactions who are required to submit informations under section 92E.
Taking to his social media handle, Congress leader Pawan Khera posted on X, "Why should the @PMOIndiause a government platform and a govt program to make a political speech and attack the opposition?Tax payers' money cannot and should not be used to indulge in a political speech? For that
Union Minister for Labour and Employment and Youth Affairs & Sports, Dr Mansukh Mandaviya launched a new 'Online facility for Surrender of Exemption from EPF Scheme' in New Delhi on Tuesday.
An increasing number of taxpayers have opted for the New Tax Regime this year. Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the New Tax Regime compared to 2.01 crore ITRs filed in the Old Tax Regime.
"Will the non-biological Prime Minister apologise to the tax-payers of India, for inflating the food bill subsidy by an estimated Rs16000- Rs18000 crore, by stopping the sale of excess rice stock to Karnataka and other states?" the senior Congress leader questioned.
Delhi BJP President Virendraa Sachdeva said on Wednesday that it is regrettable to see Chief Minister Arvind Kejriwal "splurging tax-payers money on his frivolous bail applications".
Ministry of Finance posted, "Ministry of Finance posted on X, "It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified that: There is no new change which is coming in from 01.04.2024....."