Gujarat Exclusive >

Ministry of Finance

I-T department holds Iconic Week celebration in Ahmedabad

The programme in Ahmedabad on Wednesday was part of the ongoing Iconic Week celebration by the Union Ministry of Finance under Azadi ka Amrit Mahotsav   Ahmedabad: The Income Tax department in Ahmedabad organised a cultural programme on Wednesday under the aegis of Iconic Week celebration of the Union Ministry of Finance. The Iconic Week...

PM Narendra Modi releases special series of coins to mark Azadi ka Amrit Mahotsav

The coins with denomination of 1, 2, 5, 10 and 20 will have the AKAM logo   New Delhi: Prime Minister Narendra Modi released a special series of Rs 1, Rs 2, Rs 5, Rs 10 and Rs 20 coins on Monday at the inauguration of the week-long celebration of Azadi ka Amrit Mahotsav (AKAM)...

IIMA alumnus Anantha Nageswaran is new Chief Economic Advisor

New Delhi/Ahmedabad: Dr V Anantha Nageswaran, an alumnus of the Indian Institute of Management, Ahmedabad (IIMA), was on Friday appointed as the new Chief Economic Advisor in the Ministry of Finance. His appointment comes just days before the presentation of the Union Budget. Prior to this appointment, Dr Nageswaran has worked as a writer, author,...

After facing flak, Infosys shares progress made in resolving glitches in income tax e-filing portal

After facing flak for the glitches in the income tax (I-T) e-filing portal, information technology major Infosys on Thursday shared updates on the progress it has made so far in resolving the issues. The company claimed that the grievances of taxpayers are being “progressively” resolved and there is a steady surge in the number of...

India’s GST collection declines below Rs 1 lakh crore in June

India’s goods and services tax (GST) collection declined below the Rs 1 lakh crore-mark for the first time in June after posting tax collections over this benchmark for eight months in a row. However, GST collection for the month was 2 per cent higher compared to last year. The Ministry of Finance said that the...

Income tax dept to launch new portal for e-filing of tax from June 7, here are the things you need to know

The Income Tax Department will soon launch a new e-filing portal www.incometax.gov.in on June 7, 2021, to provide a convenient, modern experience for taxpayers to file their returns. As a result of the launch and migration to the new portal the existing portal www.incometaxindiaefiling.gov.in will not be available to taxpayers as well as other external...

Big Blow: Centre freezes DA hike for employees, pensioners till July 2021

The Union Finance Ministry on Thursday decided to put on hold increment in dearness allowance (DA) for 50 lakh central government employees and 61 lakh pensioners till July 2021 due to the COVID-19 crisis. “In view of the crisis arising out of COVID-19, it has been decided that additional installment of dearness allowance payable to...

I-T dept issues refunds of Rs 4,250 cr in a week

The Central Board of Direct Taxes (CBDT) on Wednesday said that it has issued income tax refunds to over 10.2 lakh people totalling to around Rs 4,250 crore. Earlier on April 8, the government had announced that the pending income tax refunds up to Rs 5 lakh will be cleared with an immediate effect to...

Budget 2020: FM Nirmala Sitharaman to Present Second Budget Today at 11 am as Finance Minister

Finance Minister Nirmala Sitharaman has arrived at the Ministry of Finance from where she will head towards Parliament. Today she will present the Budget of 2020. This will be Sitharaman’s second budget as finance minister. Facing many economic challenges at the global and domestic levels, the government faces many challenges in this budget. Where the...