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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.

New Labour Codes Might Get Deferred Due to COVID-19 Second Wave

Companies might not reorganise their employees’ salaries, citing the delay in implementing…
GSTR-9

No GST on certain fee by clubs without Sec 7 being amended

In the case of M/s. Bow-ring Institute, the Authority of Advance Rulings…
refund

Government Under Active Consultation for Finalisation of RoDTEP Guidelines

The Department of Finance and the Department of Commerce are under active…

Government Business Agency Norms Amended by RBI for Private Sector Banks

The Reserve Bank of India amends the existing guidelines “Appointment of Scheduled…

File Form No.10-IE to Opt for New Tax Regime

The Union Budget 2020 has introduced a new income tax regime for…
COVID-19 Vaccine

Budget Heading for Vaccine Expenditure Does Not Curb Centre from Using Funds

The Finance Ministry, on Monday, stated that the provisioning of Rs.35,000 crore…

COVID-19 Second Wave: Microfinance Sector Requests Additional Support from RBI

The microfinance industry asked for additional support from the Reserve Bank of…
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Tax Exemption

7 Cash Transactions That Can Attract an Income Tax Notice

In India, cash transactions are highly discouraged due to the volume of…

Union Finance Minister Says No to GST Exemption on COVID-19 Drugs and Vaccines

The Union Finance Minister Smt. Nirmala Sitharaman said that the Goods and…
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Is GST Applicable on Contributions Made to Residents Welfare Associations?

Most people living in standalone apartment buildings or gated communities have to…