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Economy

2096 posts

Stay updated on direct tax and indirect tax, income tax returns, GDP, government policies and schemes, and breaking news on due dates and extensions.

Next GST Council meeting to be in May 2021; rate reductions and duty relaxations on essentials

Over the next few weeks, the Centre will call a meeting of…

Decline in UPI volume by 3% in April 2021

NPCI, i.e. National Payments Corporation of India, which operates as an umbrella…

Unemployment Spikes to 8% Due to COVID-19 Second Wave

Nationwide lockdown and limitations on mobility induced due to the COVID-19 pandemic…
GSTR-9

GSTR Due Dates Extended; Relief For Taxpayers Granted With Interest

In the midst of the second wave of the COVID-19 pandemic, the…

Centre Provides Interest-Free Loan of Rs.15,000 Crore to States for Capital Projects

The Ministry of Finance decided to give up to Rs.15,000 crore as…

SIDBI Rolls Out Two Quick Credit Delivery Schemes for MSMEs

Small Industries Development Bank of India (SIDBI) has come up with a…
Tax Exemption

Deadline for filing of belated and revised IT return for FY 2019-20 is extended

The income tax department has relaxed various timelines related to the tax…

GST collections in April 2021 at an all-time high of Rs 1.41 lakh crore

GST receipts reached a monthly high of Rs.1.41 lakh crore in April…

IRDAI Instructs Insurers to Authorise COVID-19 Claims in Less Than 1 Hour

Previously, settlement of COVID-related insurance claims was getting delayed, due to which…
Tax Exemption

Documentation of the Gifts Received is Important for Tax Purpose

As per the Income Tax Act, any amount of money above Rs.…