RBI Governor's Press Conference Highlights

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced various measures to tackle the devastating economic impact of the ongoing coronavirus-induced lockdown, including a 40 basis point off-cycle repo r...

How to Update Contact Details on E-Filing Portal?

Whenever we log in to our income tax account, the first thing that flashes on the screen is the pop-up to update our contact and residential details. We often tend to hit the skip button and move on with other crucial ta...

Clarification on Section 269SU of lT Act, 1961

CBDT vide Circular No. 12/2020 dated May 20, 2020 issued clarification in respect of prescribed electronic mode under section 269SU of Income Tax Act, 1961 to encourage digital transactions and move towards a l...

Special Economic Package of Rs 20 Lakh Crore - Part-5

In her opening remarks during the 5th Press Conference here today on stimulus package to fight COVID-19 under Aatma Nirbhar Bharat Abhiyaan, the Union Minister of Finance & Corporate Affairs Smt. Nirmala Si...

Special Economic Package of Rs 20 Lakh Crore - Part-4

In her opening remarks, the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said that structural reforms are the focus for today’s press conference. She said that many sectors need policy sim...

Special Economic Package of Rs 20 Lakh Crore - Part-3

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman today in her press conference announced the 3rd Tranche of measures to strengthen Infrastructure Logistics, Capacity Building, Governa...

Special Economic Package of Rs 20 Lakh Crore - Part-2

Announcing the 2nd Tranche of measures to ameliorate the hardships faced specifically by migrant labours, street vendors, migrant urban poor, small traders self-employed people, small farmers and housing, Union...

New reduced TDS Rate Chart for FY 2020-21

In order to provide more funds at the disposal of taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, rates of TDS have been reduced by 25% for specified payments to resident non-salaried ...

Income Tax Reliefs - 13th May 2020

 Reduction in Rates of Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) – The TDS rates for all non-salaried payment to residents, and tax collected at source rate will be reduced by 25 ...

Special Economic Package of Rs 20 Lakh Crore - Part-1

Special Economic Package of Rs. 20 Lakh Crore announced by the Finance Minister: Finance Minister Nirmala Sitaraman has announced the economic package of Rs. 20 Lakh crore on 13.05.2020 related to MSMEs and others after ...