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Finance
Late fee for form GSTR3B capped at Rs 500 for taxpayers
In a major relief to the Goods and Service Tax taxpayers, maximum late fee for form GSTR-3B capped at five hundred rupees. This will be applicable for tax period from July, 2017 to July,…
Public sector banks sanction loans worth over RS 10,361 cr under ECLGS
Public sector banks have sanctioned loans worth over 10,361crore rupees under the 100 percent Emergency Credit Line Guarantee Scheme. As per the Finance Ministry, out of this, over 3,892…
Corporate tax rates slashed to 22% for domestic companies: FM
Finance Minister Nirmala Sithraman today said, a new provision has been ed in the Income-tax Act which allows any domestic company an option to pay income-tax at the rate of 22% if they…
Advisory Council of the 15th Finance Commission meet held today
The third meeting of the Advisory Council
of the 15th Finance Commission was held in New Delhi today.
During the meeting, the Council Members were d by the Commission on the
progress…
Fifteenth Finance Commission to visit Tripura
Furthering its dialogues with the different states of the country, the 15th Finance Commission will be visiting Tripura from 16 – 18 January, 2019. The Commission led by the…
India’s economy grows at 7.1 per cent for 2nd part of 2018-19
India's economy grew at 7.1 per cent for the second quarter of 2018-19 according to data released by Central Statistics Office today.
These estimates represent a sizable jump from…
RBI to set up expert panel to look into issues on capital surplus
New Delhi : The RBI board on Monday decided to set up a high-powered committee to examine issues related to surplus capital of Rs 9.69 lakh crore with the central bank and advised it to…