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Source: Live Mint Union Finance Minister Nirmala Sitharaman recently hinted at the need to cut interest rates for the sake of growth. In a covert hint, which can be construed as a nudge, she hoped for the lending rates to be more affordable. At an SBI event held in Mumbai on Monday, Ms Sitharaman said…
Source: Live Mint When you sell your old piece of jewellery to buy a new one, you are meant to pay capital gains tax on the sale. It is vital to note that the sale of gold, even for the purpose of buying a new ornament, is seen as the sale of an old asset….
Source: Business Standard 2 min read Last Updated : Oct 14 2024 | 8:54 PM IST The Prime Minister Internship Scheme is aimed at bridging the employability gap for students coming fresh out of college, Finance Minister Nirmala Sitharaman said on Monday. Speaking at the “Meet the Great Leaders” programme at St. Teresa’s…
Source: Business Standard 1 min read Last Updated : Oct 08 2024 | 7:26 PM IST Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a “world-class job” and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there…
Source: Live Mint Following the announcement made by the Union Finance Minister Nirmala Sitharaman during Budget 2024, the Central Board of Direct Taxes (CBDT) has set up an internal committee to oversee a comprehensive review of the Income Tax (I-T) Act. The key goal of this review is to make the income tax law concise, clear and…
Source: Business Standard Suggestions should specify the relevant provision of the Income-tax Act, 1961 or Income-tax Rules, 1962. | Representative Picture 2 min read Last Updated : Oct 07 2024 | 5:40 PM IST The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to…
Source: Business Standard 4 min read Last Updated : Oct 02 2024 | 1:24 PM IST Union Finance Minister Nirmala Sitharaman announced several income tax changes in the Union Budget 2024, which took effect from October 1, 2024. Among the key updates, approved as part of the Finance Bill, are adjustments to Tax Deducted…
Source: Business Standard The meeting focused on business performance, upgrading digital technology services, and fostering business growth in allied agriculture. | File Photo: PTI 1 min read Last Updated : Sep 30 2024 | 9:37 PM IST Union Finance Minister Nirmala Sitharaman on Monday directed the Regional Rural Banks (RRBs) to increase their share…
Source: Business Standard Union Finance and Corporate Affairs Minister Nirmala Sitharaman |(Photo: PTI) 3 min read Last Updated : Sep 22 2024 | 6:05 PM IST Urging the fishing community to avail the benefits offered through the Kisan credit card, Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Sunday said it would help…
Source: Business Standard 3 min read Last Updated : Sep 21 2024 | 3:54 PM IST The Income Tax Department on Saturday said it has notified dispute resolution scheme Vivad Se Vishwas scheme 2.0 that provides for lesser settlement amounts for taxpayers who file declaration on or before December 31, 2024, in comparison to…
