Ministry of Finance More than 3 crore Income Tax Returns filed on new e-Filing portal of Income Tax Department; Taxpayers who are yet to file their ITRs for AY 2021-22 advised to file at the earliest Posted On: 05 DEC 2021 2:03PM by PIB Delhi More than 3 crore Income Tax Returns have now been…
Finance Act, 2021
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi the 28th March, 2021/Chaitra 7,1943 (saka) The following Act of parliament received the assent of the president on the 28th March ,2021, and is hereby for general information :---- THE FINANCE ACT ,2021 No .13 OF 2021 An Act to give effect to the…
Summary of the Budget 2021-22
Ministry of Finance PART-A The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an…
Finance Bill 2021
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 crore…
Key Highlights of Union Budget 2021-22
Ministry of Finance Key Highlights of Union Budget 2021-22 Presenting the first ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that India’s fight against COVID-19 continues into 2021 and that this moment in history, when the political, economic, and strategic relations in the post-COVID world are changing, is the dawn of a new…
Finance Minister Smt. Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of States/ Union Territories (with Legislature) for Budget 2021-22
Ministry of Finance The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) here today. The meeting was held through Video Conference and was attended by Chief Ministers, the Deputy Chief Ministers, Finance Ministers, Ministers and Senior Officers from…
Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2021-22
Ministry of Finance Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for budget 2021-22 held in virtual mode from 14th to 23rd December, 2020. More than 170 invitees representing 9 stakeholder groups participated in 15 meetings scheduled during this period. The stakeholder groups include, Financial and Capital Markets; Health, Education…
Finance Act 2020
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 27th March, 2020/Chaitra 7, 1942 (Saka) The following Act of Parliament received the assent of the President on the27th March, 2020, and is hereby published for general information:— THE FINANCE ACT, 2020NO. 12 OF 2020 An Act to give effect to the financial proposals of…
Major Reforms Proposed in Administration of GST Regime| Budget2020
Ministry of Finance Major Reforms Proposed in Administration of GST RegimeSimplified GST Return to be Implemented from 1st April, 2020To weed out Dummy or Non-Existent Units Aadhaar Based Verification of Taxpayers to be introducedDynamic QR-Code proposed for Consumer Invoices A simplified GST return will be implemented from the 1st April, 2020. While presenting the Union Budget…
DDT proposed to be removed; to lead to estimated annual revenue forgone of Rs. 25,000 crore
Ministry of Finance DDT proposed to be removed; to lead to estimated annual revenue forgone of Rs. 25,000 croreTax Concessions Announced for Sovereign Wealth Funds of Foreign Governments, and other Foreign Investments in Priority SectorsDeadlines for relaxation for affordable housing extended by one year;Concessional Corporate Tax Rate of 15% to Extend to New Domestic Companies…