Government launched Project SPARROW for CBIC officers for over 400 formations of CBIC across...

The Central Board of Indirect Taxes and Customs (CBIC) notified that for better human resource management, it will conduct annual performance appraisal report (APARs) of over 46,000 Group B...

K Subramanian appointed as Advisory Council Member in 15th Finance Commission

The Chief Economic Advisor (CEA) to Central government, Dr. Krishnamurthy Subramanian is appointed as twelfth (12) member of Advisory Council of Fifteenth (15th) Finance Commission (FCc). It now has...

CBDT and GSTN sign an MoU to seize evaders to decrease black money generation

The income tax (I-T) department and Goods and Services Tax Network (GSTN) signed a joint agreement to enhance information exchange between the 2 firms and to arrest tax evaders...

Iraq becomes India’s top crude oil supplier

According to the Directorate General of Commercial Intelligence and Statistics, Iraq has, for the second year in a row, become India’s top crude oil supplier, meeting more than a...

Income tax exemption limit on gratuity doubled to Rs 20 lakh

The government has increased the tax-free gratuity income limit to Rs 20 lakh. This move will benefit the public as well as private sector employees. The Ministry of Finance...

Government announced new Rs 20 coin

The Centre has announced a new Rs 20 coin which will come in 12-edged polygon (dodecagon) shape. The government is also planning to release new coins of Re 1,...

PSBloansin59minutes.com became India’s largest online lending platform

PSBloansin59minutes.com which was launched by Prime Minister Narendra Modi in 2018 has emerged as the country's largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore. The...

GST council reduced Tax rates on Housing

The GST council has decided to slash the tax rate on under-construction residential properties and the affordable housing projects category. The GST council has reduced the GST rate for...

CBDT proposed 30-40% digital tax for tech giants like Google, FB and Amazon

The Central Board of Direct Taxes (CBDT) has prepared a draft proposal under the newly introduced concept of 'significant economic presence', also known as digital permanent establishment (PE), which...

J P Morgan became first US Bank with Cryptocurrency

JP Morgan rolled out as the first US bank with cryptocurrency. The change in opinion of JP Morgan is the first step in the program of making it more...

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