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Tuesday, November 5, 2024

income tax

45-Day Payment Rule for MSMEs: Concerns Raised

The finance ministry is deliberating over potential adjustments to the new income tax rule mandating business enterprises to settle payments to micro, small, and medium enterprises (MSMEs) within 45 days. Concerns have been raised from various quarters, with some...

Share of financial transactions undertaken through home and mobile channels increased from 29% in FY2018-19 to 76% in FY2020-21

Nearly 72% of financial transactions of PSBs done through digital channels The Government has taken a number of steps to facilitate digital banking, doorstep banking services and digital lending platforms. Initiation of digital lending has been made contactless through PSBloansin59minutes.com, using...

Details of Central Taxes collected by the Union Government

Giving details of the taxes which are solely collected by the Union Government, Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today, stated them...

It’s all about the Legal Regulations for MSMEs in India

If you want to grow your business, you have to obey the laws. What makes it unfavorable is that governments – federal, state, local – invariably enact new legal regulations. When, say, differentiation toward employees or the difficulties of...

The Government introduced New policies to grant Relief for Startups

The tax department is thinking about presenting a new policy system for startups, declared on February 19, 2019, and not press ahead with the show-cause sees that have just been issued. This is probably going to give a noteworthy...

Interim Budget 2019 highlights – Emphasizes on women empowerment, employment generation, income tax and so on

In the budget 2019, which was presented on Friday, Mr. Piyush Goyal keeping in mind about the development of youths, taxpayers and farmers announced massive concessions. Here all the interim budget highlights presented by Mr. Piyush Goyal in the absence...
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GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
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