CBDT hikes income tax appeal limit to Rs 50 lakh to reduce litigation

CBDT has increased the monetary limit from Rs 20 lakh to Rs…

FinMin to address delay in disbursal of MSME loans and dues settlement

The Finance Minister, Nirmala Sitharaman will meet the MSME representatives and stakeholders…

CAG Finds Irregularities in Assessment of Taxes Over 2 Years

The Comptroller and Auditor General of India (CAG) has criticised the income…

Tax for Middle-Income Earners Likely to Change under Direct Tax Code

In November 2017, the Indian government formed a task force to evaluate…

Fiscal deficit exceeds 61% of the target within the first quarter

The government has released data stating that the fiscal deficit for the…

BharatPe Offers Loans Worth Rs 70 Crore to Small Retailers

BharatPe has recently announced that it will disburse loans of more than…

Digital Trade Finance Platform Launched by MODIFI in India

MODIFI, a European fintech, recently announced to launch a digital trade finance…

Income tax department may extend ITR filing deadline of July 31

The income tax department is feeling the pressure to grant more time…

FinMin proposes changes to promote rental housing in Draft Tenancy Law

On 5 July 2019, Nirmala Sitharaman presented the Union Budget in Parliament…

FPIs Facing High Surcharge, Government to Work on Solutions

The Modi 2.0 government is planning to provide relief for FPIs or…