Demonetisation anniversary: According to CMIE data, the estimated total employment during January-April 2017 was 405 million compared to 406.5 million during the preceding four months, September-December 2016.
According to Income Tax Department, these figures show “marked improvement in the level of voluntary compliance” as a result of action taken on the basis of data of cash deposits following demonetisation.
Finance Minister Arun Jaitley said the Indian economy is on a strong wicket, with growth having bottomed out and a rebound expected in the coming quarters based on the back of “strong macroeconomic fundamentals”.
TAKING A leaf out of the Goods and Services Tax (GST) implementation book, where a troubleshooting window was created to engage with taxpayers, the Income Tax Department has decided to replicate the initiative for direct taxes too, opening a chat window to address taxpayers queries on a real-time basis. The I-T Department’s newly launched “online […]
Without naming predecessors Yashwant Sinha and P Chidambaram, Arun Jaitley said they have “decided to act in concert because speaking on persons and then bypassing the issues is something which is very easily done”.
The CBEC in its instruction said that the Supreme Court allows SLP only when there is a substantial question of law of general or public importance or there is manifest injustice resulting from the impugned order or judgment.
Slow processing, popping up of incorrect data in the error report and portal's inability to take a large amount of data in GSTR-1 in one go are some of the issues still being faced by those filing returns
The Council decided to levy an additional cess of 2 per cent on mid-sized cars, 5 per cent on large cars, and 7 per cent on SUVs, along with lowering tax rates on 40 items, including idli/dosa batter etc.
Traders from Agricultural Produce Market Committee of Kolhapur, Sangli and Solapur also demanded removal of the commission on turmeric fingers, coriander, raisin and dried red chillies, saying they are purely “agricultural products”.
During his term India signed Memorandum of Understanding (MoU) with Qatar for cooperation in Skill Development and recognition of qualifications to facilitate workforce mobility, skill development and placement of youth in overseas jobs in Qatar.
"As of now, for industrial units employing more than 10 workers, they need state governments’ permission to close down a factory. Legislative changes through Factories Act have been pending. It needs to be fast tracked,” an expert at FICCI said.