Missing old data makes tax payment tough

Citizen groups, residents welfare associations and experts have raised questions about the old property tax data, which was gathered over the last 12 years, not being utilised in the new portal made by National Informatics Centre. The taxpayers, meanwhile, have to feed all the data again while filing their taxes.United Residents Joint Action (URJA) says […]

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India among Switzerland’s top-3 partners for info exchange on tax matters

India figures among the top-three countries getting detailed information from Switzerland about bank accounts and beneficiary ownership of entities established by their residents in the Alpine nation, according to the latest study by OECD’s Global Forum on transparency and exchange of information for tax purposes. In its latest peer review report on exchange of information

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FM Sitharaman in talks with RBI on restructuring of loans

Finance Minister Nirmala Sitharaman on June 25 said the Centre is in talks with the Reserve Bank of India (RBI) on the subject of one-time restructuring of loans to provide relief to companies that are reeling under stress due to the unprecedented economic fallout from the COVID-19 pandemic. Sitharaman said the Centre was also looking

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States disbursed Rs 4957 crore to two crore construction workers

In a relief to millions of construction workers during the nationwide lockdown, states have disbursed Rs 4957 crore to two crore building and construction workers till date following an advisory from the labour ministry in March. “About 1.75 crore transactions were done directly into the bank accounts of the workers through direct benefit transfer (DBT)

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ICAI given option to CA students to option to opt out from july 2020 exam

Icai given notifications stating that students can opt out from july 2020 attempt and opt in for nov 2020 attempt. In this case, the examination fees and exemption, if any, of the particular student will automatically be shifted and carried forward to next examination i.e. November 2020 cycle and this attempt (May 2020) will be

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