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The Government of India has continuously engaged with all stakeholders to address relevant issues related to the Indian Startup eco-system.The Department for Promotion of Industry and Internal Trade (...

Ministry of FinanceCabinet approves Proposal for Official Amendments to the Banning of Unregulated Deposit Schemes Bill, 2018The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given i...

Capital Gain Benefit on Sale of Residential House In Budget 2019 & Computation Unbelievable change in budget 2019 about tax saving on sale of Residential house property under Section 54 of Income Tax...

Press Information BureauGovernment of IndiaMinistry of Commerce & IndustryDated: 04-February-2019FDI Policy on E-CommerceIn order to ensure due compliance of the FDI policy on e-Commerce, Press Note 2...

Advisory to be issued, inter alia, in the interest of members and students of ICAIJanuary 28, 2019Kind attention: All Members, Students of the Institute of Chartered Accountants of India (ICAI) & publ...

by Banks As you know, we have over the years expressed our concern on the appointment of auditors of public sector banks by Banks’ Board themselves and on the autonomy given to them. To address this,...

The Government has unveiled its vision for the next decade, listing thereby ten most important dimensions in 2030. “With this comprehensive ten-dimensional Vision, we will create an India where povert...

The Interim Finance Minister detailed the tax reforms on the direct taxes and GST front, and the benefits of the same to the citizens of India. He highlighted that tax collections as well as the tax b...

Exposure DraftAccounting Standard (AS) 41AgricultureLast date for the comments: March 3, 2019Issued byAccounting Standards BoardThe Institute of Chartered Accountants of IndiaExposure DraftAccounting...

GST Revenue Collections for the month of January 2019 crosses Rupees One Lakh Crore MarkThe total gross GST revenue collected in the month of January, 2019 is Rs 1,02,503 crore of which CGST is Rs 17,...

GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade Rates continuously reduced providing relief of about r. 80,000 crore annually to consumers Most item...

CBDT notifies Centralised Verification Scheme, 2019 for for centralised issuance of notice and for processing of information or documents and making available the outcome of the processing to the Asse...

F.No. 275/192/2018-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes******North Block, New Delhi1st February, 2019CORRIGENDUMSubject: Income-Tax Deduction...

The Interim Finance Minister detailed the tax reforms on the direct taxes and GST front, and the benefits of the same to the citizens of India. He highlighted that tax collections as well as the tax b...

Press Information Bureau Government of IndiaPrime Minister’s Office01-February-2019 16:41 ISTThe Budget for New India will energise the nation, says PM Budget will empower the poor, give a boost to th...

to boost Make in India initiativeRationalization of customs duty and procedures to give boost to ‘Make in India’ initiative RFID technology to be used to improve export logistics The Government has un...

Gem platform extended to all CPSES Government undertakings to procure a fixed proportion of materials from women owned SMEsThe Government has taken several measures to strengthen the Medium Small and...

Rs. 1330 Crore provided in the Interim Budget 2019-20 for the Mission for Protection and Empowerment for Women An amount of Rs.1330 Crore has been provided in the Interim Budget for 2019-20 for the Mi...

Individual taxpayers having taxable annual income up to Rs.5 lakhs will not be required to pay any income tax. The Finance Minister said that persons having gross income up to Rs. 6.50 lakhs are not r...

While presenting interim Budget 2019-20 TDS threshold for deduction of tax on rent has also been proposed to be increased from Rs.1,80,000 to Rs.2,40,000 for providing relief to small taxpayers by Fin...