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Economy

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

Company Incorporation increased by 20% in FY 20-21 despite pandemic

The Ministry of Corporate Affairs (MCA) released data on Tuesday, which shows…

Highlights Of RBI’s Monetary Policy: Repo Rate Unchanged

The Monetary Policy Committee (MPC) headed by the governor of the Reserve…
  • Namita Shah
  • Posted on

Are We Ready for a Four-day Work Regime With Longer Shifts?

We might soon witness a three-day weekend becoming a reality with the…
  • Bhavana PN
  • Posted on
GSTR-9

GST collections for January 2021: What does it mean for the coming months?

For January 2021, the Goods and Services Tax (GST) collections touched a…

Budget 2021: No More Goodwill Depreciation

The Finance Minister has announced that goodwill shall not be considered as…

Tax Payment Options Under QRMP Scheme

The Quarterly Returns and Monthly Payment of Tax (QRMP) scheme was implemented…
  • AJ
  • Posted on

One more condition for ITC claims adds the burden on taxpayers

Budget 2021 has amended Section 16 of the CGST Act, through the…

MCA provides relaxation of fees in the filing of company financial statements

The Ministry of Corporate Affairs (MCA) issued a notification last week providing…

Firms to Face 2% Tax on Internal Online Transactions

Centre proposed to widen the scope of equalisation levy in the Union…
  • Bhavana PN
  • Posted on
Budget 2021 Expectations

Relief for Senior Citizens to File Income Tax Returns

The Union Budget presented on 1st February 2021, focused on the simplification…