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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…
Source: Live Mint Finance minister Nirmala Sitharaman on Wednesday launched NPS Vatsalya Yojana to give an early head-start to children to save for retirement. Parents can open an account for their child from birth to up to 17 years of age. When the child turns 18, the Vatsalya account will convert into a regular NPS…
Source: Business Standard Union Finance Minister Nirmala Sitharaman officially launched the NPS Vatsalya scheme on Tuesday. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), the scheme is designed to secure long-term wealth for children. The launch took place simultaneously across 75 locations in India, with other locations joining via video conference….
Source: Business Standard Union Finance Minister Nirmala Sitharaman | (Photo: PTI) 2 min read Last Updated : Sep 17 2024 | 9:54 PM IST Finance Minister Nirmala Sitharaman on Tuesday reviewed the capex plan of the Railways Ministry and asked officials to focus on safety and convenience of commuters. Sitharaman also told the…
Source: Business Standard The new regime features lower tax rates and an increased standard deduction of Rs 75,000. | File Photo 3 min read Last Updated : Sep 17 2024 | 10:25 AM IST Finance Minister Nirmala Sitharaman has confirmed that there will be no tax rate reductions under the old tax regime, despite…
