Companies Indian Subcontinent Industries Jobs Market

Drop of direct tax by 31% and indirect tax by 11 % alarms worst fiscal deficit in cards

According to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha :   The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore During the same period of the last financial year, 2018-19, the Read More…

Banks Companies Indian Subcontinent Industries Jobs Market

High Value transactions in ITR not mandatory to reveal : IT Department

In the 2020-21 Budget, the government revised the format of Form 26AS, stating that all such information from different SFTs would be shown in the new Form 26AS. It is an annual consolidated tax statement that can be accessed from the income-tax website by taxpayers using their permanent account number (PAN).   This financial year Read More…

Indian Subcontinent National Opinion

Funds paucity in Army resulted in cut in TA/DA

The Defence Ministry is currently unable to pay the TA/DA to Army officers due to paucity of funds, says a note from the ministry’s accounting branch.   “Due to insufficient funds under Temporary Duty and Permanent Duty heads of Army officers, no TA/DA advances and claims can be processed till receipt of sufficient funds under Read More…

Business Companies Industries Market

Fiscal deficit target missed , Net borrowing increased Electorate oriented Budget

Although the convention is that a government facing re-election does not make any major taxation or spending proposals that would tie the hand of the next government, which would present the full Budget subsequently, Goyal’s speech laid out a series of appeals and promises to different sections of the electorate.   While doing so, Goyal Read More…

Indian Subcontinent

Ministry of agriculture and farmers welfare to look after Cow board with 750 Crores

Finance Minister Piyush Goyal has earmarked a fund of Rs 750 crore for the Rashtriya Gokul Mission in his budget speech. Seeking to shore up support ahead of elections, the Modi government on Friday announced a new board to upgrade cow genetics and productivity.   “This government will never shy away from honouring our mother Read More…