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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.

Non-Food Credit Growth Falls to 6.2% Due to Risk Aversion

The non-food credit growth rate fell to 6.2% year-on-year (YoY) for the…

What is the General Insurance Amendment Bill, 2021?

The Rajya Sabha passed the General Insurance Business (Nationalisation) Amendment Bill on…

Implementation issues in GST Amnesty Scheme ending August 2021

The GST Amnesty Scheme will end on 31st August 2021. The ambitious…

Taxpayers alert! Incorrect late fees and interest will be refunded

The income tax department had launched a new e-filing portal on 7th…

CREDAI Urges to Allow GST ITC for Developers to Reduce House Prices

The Confederation of Real Estate Developer’s Associations of India (CREDAI) urged to…
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GST Council to Address Inverted Duty Structure Issues in Its Next Meeting

The GST Council will be meeting after over two months this August-end…

Companies to Disclose Details of Cryptocurrency and CSR

The Ministry of Corporate Affairs (MCA) had issued a notification on 24.03.2021…

AAR ruling subjects “sinking fund” and “repair funds” by housing societies to GST

A new advance ruling has stressed housing societies across the country to…
Tax Exemption

ITR: 7 things a taxpayer should know before filing the return

The last date of filing income tax returns by individuals (not required…

State Governments Step up Capital Expenditure

The state governments have stepped up capital expenditure in Q1 (first quarter)…