Search For "the ministry of finance"
Multi-state tax fraud syndicate involving Rs 1,047 cr busted, mastermind a
Updated : 2 years, 9 months ago IST
In a release, the Ministry of Finance said the syndicate was operating 569 fake firms and through them created huge fraudulent Input Tax Credit of Rs 1,047 crore.
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Sitharaman meets her France counterpart, exchanges views on G20 deliverabl
Updated : 2 years, 9 months ago IST
The Ministers exchanged views on key G20 deliverables under India's G20 Presidency, including strengthening multilateral development banks and managing debt vulnerabilities, among other issues, the Ministry of Finance Tweeted.
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Delhi Air Cargo Customs incinerates over 69 kg drugs
Updated : 2 years, 9 months ago IST
The Air Cargo (Exports) Customs, Delhi, on Tuesday destroyed 69.876 kg drugs covered under Schedule to the NDPS Act, 1985, at the Centralised Bio-Medical Waste Treatment Facility operated by SMS Watergrace BMW Pvt. Ltd., said the Ministry of Finance.
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Tax administrators, others deliberate on solution over taxation of digital
Updated : 2 years, 9 months ago IST
The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS) has agreed on the historic two-pillar solution to address the tax challenges arising from the digitalisation of the economy, according to a statement from
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Pak Minister hints at settling issues for stalled IMF bailout, promises "r
Updated : 2 years, 9 months ago IST
"We are following the programme in earnest at this stage and strongly hope that issues with the IMF would be settled very soon as the prime minister, the Ministry of Finance and the entire government were committed to the IMF programme and its amicable completion," said Minister of State for
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MoF issues Corporate Tax Decisions on Intra-Group Transfers, Determination
Updated : 2 years, 9 months ago IST
Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said, "The new decisions aim to simplify the process of determining taxable income in addition to providing tax relief for intra-group transfer of assets or liabilities between members of the same qualifying group or when carr
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Tax exemption limit on leave encashment increased to Rs 25 lakh for non-go
Updated : 2 years, 10 months ago IST
The Ministry of Finance notified on Thursday has notified the increased limit for tax exemption on leave encashment on retirement or otherwise of non-government salaried employees to Rs. 25 lakh that comes into effect from April 1, 2023.
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Commodity prices, barring precious metals, likely to moderate in 2023: Fin
Updated : 2 years, 10 months ago IST
Prices of all commodities, barring precious metals, are likely to moderate in the current year, the Ministry of Finance said in its Monthly Economic Review report. However, they are still expected to remain well above pre-pandemic levels.
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TCS for international card spend exempted under RBI's remittance scheme up
Updated : 2 years, 10 months ago IST
The Ministry of Finance on Friday said it decided that any payments by an individual using their international debit or credit cards upto Rs seven lakh per financial year will be excluded from the RBI's Liberalised Remittance Scheme (LRS) limits and hence, will not attract any Tax Collected
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Enrolments under Atal Pension Yojana cross 5.20-crore mark
Updated : 2 years, 11 months ago IST
As on date, the total assets under management (AUM) in APY is more than Rs 27,200 crore and the scheme has generated investment return of 8.69 per cent since inception of the scheme, according to a statement from the ministry of finance.
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Bangladesh releases incentives for knitwear sector ahead of Eid
Updated : 2 years, 11 months ago IST
The decision by the Ministry of Finance comes nearly 11 days after the Bangladesh Knitwear Manufacturers and Exporters Association submitted a request for financial support for the payment of salaries and Eid bonuses ahead of Eid-ul-Fitr.
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PIL to link properties with Aadhaar: Delhi HC seeks responses of newly imp
Updated : 2 years, 11 months ago IST
The Bench of Justice Satish Chander Sharma and Justice Yashwant Varma on Monday asked the Ministry of Finance, Ministry of Housing and Urban Affairs, Ministry of Rural Development and Ministry of Law in the matter.
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