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Crypto tax on gains but no deductions on losses incurred, says Government of India

Crypto mining cost or loss in Crypto not to be allowed as deduction under...

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Govt of India clarifies a straight tax of 30% for profit The Government of India on Monday informed Parliament that no kind of deduction or...
We have made the Budget an all-inclusive and comprehensive one with a long-term vision, considering a period of 25 years, say Health Minister

Centre spent whopping Rs.250 Cr on vaccine research: Health Minister Mansukh Mandaviya

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Govt spent Rs.250 crore on COVID-19 vaccine research: Health Minister Mandaviya While addressing the program ‘Shri Kamalam’, the Union Health Minister Mansukh Mandaviya said that...
Nirmala Sitharaman's statement on Crypto Currencies leaves many unanswered questions

Crypto Currencies: India not going to legalize or ban. But will tax 30% on...

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Hands-off policy on Crypto Currencies by GOI an interesting stand Finance Minister Nirmala Sitharaman on Friday told the Parliament that the government at this stage...
Many taxpayers have received financial help from their employers and well-wishers for meeting their expenses incurred for treatment of Covid

No tax up to Rs.10 lakh received from employer for COVID-19 treatment, notifies Finance...

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Money received for COVID-19 treatment up to 10L to be tax-free The Union Budget 2022-23 notified that income tax shall not be charged on the...
PM Modi has been a staunch votary of farming community’s contributions to India’s growth, and has advocated doubling the income of the farmers

‘Farmers first’ policy is Modi govt’s resolve to boost their income: A look at...

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PM Modi shares a booklet detailing steps taken for farmer livelihoods and well-being With the farmers launching agitation on Delhi borders for the second time...
Local vendors laud PC, laptop import restriction; no supply chain disruption: ICEA

Local vendors laud PC, laptop import restriction; no supply chain disruption: ICEA

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ICEA says PC, laptop import restrictions will help enable ease of doing business On Thursday, the India Cellular and Electronics Association (ICEA) said that there...
The old pension regime is not fiscally sustainable as it is not contributory in nature and the burden on the exchequer keeps on mounting

RBI cautions on Old Pension Scheme, says it may add to liabilities in future

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Why has RBI non-BJP-ruled warned states against the old pension scheme? Even as several non-BJP-ruled states like Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab, and Jharkhand have...
Defence Minister Rajnath Singh will introduce the Inter-Services Organisations (Command, Control, and Discipline) Bill, 2023 in the Lok Sabha

Bill to empower tri-services commanders to be tabled in LS today

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Supplementary demands for grants for J&K for 2022-23 will also be taken up for voting and discussion On Wednesday the Centre will introduce a bill...
The growth in direct tax mop-up, which comprises personal income tax and corporate taxes, was driven by Personal Income Tax (PIT) collections

India’s direct tax collections surge by 22.58% YoY to Rs.16.68 lakh cr till 10...

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Net direct tax collections reach Rs.13.73 lakh crore; 83% of the revised estimate for FY23 On Saturday, the Central Board of Direct Taxes (CBDT) revealed...
The Budget 2023 estimated tax revenue of Rs 33.6 trillion for FY24, which is 10.4% higher than Rs 30.4 trillion projected in the revised estimates for FY23

India’s direct tax collections surge by 24% YoY to Rs.15.67 lakh cr till February...

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The direct tax collection after the net of refunds stood at Rs.12.98 lakh cr which is 18.40 percent higher YoY On Saturday the Ministry of...

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