The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and services. The highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
PM Narendra Modi attended the inauguration event for the commemoration of 90 years of the RBI in Mumbai on Monday and pitched the idea for studying a newer banking structure to fund future needs of the country.
In a statement, the ministry addressed confusion over the new tax regime, emphasising its lower rates but fewer exemptions and deductions. Finance Minister Nirmala Sitharaman's interim budget assured the preservation of existing tax rates.
Oil marketing companies have reduced prices for 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, effective April 1, 2024, just before the Lok Sabha elections.
The income tax department has uncovered a scam involving the fraudulent use of PANs to claim house rent allowance (HRA) without actual tenancy, with around 8,000–10,000 high-value cases identified.
Financial Changes Effective April 1, FY 2024-25As the financial year 2023-24 draws to a close, significant financial amendments are poised to reshape personal finance from April 1, marking the beginning of the new fiscal year.
The rebate limit has also been increased under the new tax regime where for incomes up to ₹7 lakhs, the applicable rebate limit is now ₹25,000.
The online food delivery platform said it would appeal against the order before the appropriate authority. Zomato Ltd reported a net profit of Rs 138 crore in the third quarter ended December 31, 2023.
The Reserve Bank of India shared the list of bank holidays for the upcoming month which includes Sundays, second and fourth Saturdays as well as a list of public holidays.
Business news: RBI said the gold reserves increased by USD 347 million to USD 51.487 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 57 million to USD 18.219 billion.
Business news: The RBI has said that all branches of the banks dealing with Government receipts and payments will remain open for transactions on March 30 and March 31 to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself.
The Reserve Bank of India (RBI) declared the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.
Along with the banks, the income-tax department had also announced that it has decided to cancel the long weekend for its employees.
This development brings between two corporates an exclusive arrangement for 500 MW of power purchase by Reliance Industries on a long-term basis, the two firms said in separate stock exchange filings.
HMSHost India is a subsidiary of Avolta AG, a global travel experience player with operations in 75 countries and 1,200 locations and 5,500 points of sale across the three segments -- F&B (food & beverage), duty-free and convenience.
Income Tax Returns are filed annually depending on a person's annual income. However, sometimes a mismatch occurs between the information provided by a person in the I-T return. Let's take a look at how one can resolve this issue.
The 30-share BSE Sensex advanced 342.48 points to 73,338.79 in early trade, extending its previous day's gain. The Nifty climbed 96.25 points to 22,219.90.
Business news: The Energy Revolution gallery, situated within the Science Museum, serves as a beacon of education and inspiration, fostering dialogue around the imperative of transitioning towards sustainable energy practices.
According to the news, the total wealth of Mumbai's billionaires is $445 billion, which is 47% more than last year.
Adani Ports has entered into a definitive agreement to acquire Gopalpur Port Limited (GPL) at an enterprise value of Rs 3,080 crore. Gopalpur is a road-rail connected port with a capacity of 20 MMTPA and significant potential for expansion.
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