April 1, 2024: No new changes related to income tax are coming into force from April 1, the finance ministry said in a statement issued on March 31. The announcement by the ministry is in response to … READ FULL STORY
Goods and services tax (GST) collection in April was 12% higher than the revenue in the same month last year, the finance ministry said in an official statement on April 1, 2023. During the … READ FULL STORY
The Finance Ministry on Friday March 23, 2023, brought in amendments to the Finance Bill to make taxation on debt mutual funds on par with Fixed Deposits. From April 1, 2023, all gains from … READ FULL STORY
The government on January 3, 2023, signed a loan agreement worth $1.22 billion with Asian Development Bank (ADB). This credit will be used to develop infrastructure in various states, the finance ministry said in … READ FULL STORY
Housing projects across Tamil Nadu will not be able to get electricity in the absence of a completion certificate (CC), the Madras High Court (HC) has ruled. The HC ruling comes on a Tamil … READ FULL STORY
Cracking the whip for their ‘lethargic indifference’, the Securities and Exchange Board of India (SEBI), on December 26, 2019, slapped a penalty of Rs 25 lakhs each on ICRA, CARE, and India Ratings & … READ FULL STORY
Before every annual budget, the real estate sector trots out a highly optimistic (and unrealistic) wish-list to the Finance Ministry. Whether the industry actually expects the upcoming budget to cure all its woes, with … READ FULL STORY
The applicability of the Goods and Services Tax (GST) in the Indian taxation system, was a move aimed towards ‘one nation, one tax’. After land abetment, the applicable GST for under-construction properties was 12 … READ FULL STORY
Pointing out that the tax department and states, have received complaints that the people who have booked flats and made part payment, are being asked to make the entire payment before July 1, 2017, … READ FULL STORY
In a significant breakthrough in the implementation of India’s biggest tax reform, the deadlock over the administration of GST ended on January 16, 2017, after the Centre agreed to allow states control over most … READ FULL STORY
