Ministry of Finance

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired a review meeting of Regional Rural Banks (RRBs) in New Delhi today. The meeting was also attended by the Secretary-Designate, Department of Financial Services…

In pursuance of the Union Budget 2024-25 announcement by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to simplify rules and regulations for Foreign Direct Investment and Overseas Investment, as one of the…

The Office of Chief Adviser Cost, Department of Expenditure, Ministry of Finance, celebrated the Indian Cost Accounts Service (ICoAS) Day, today in New Delhi. This year’s theme of ‘ICoAS @ Viksit Bharat’ underscores the pivotal role of…

The Central Board of Direct Taxes (CBDT) has relaxed provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar. In view of genuine difficulties being faced by taxpayers, CBDT issued the Circular no.…

The Government initiated the National Mission for Financial Inclusion (NMFI), namely, Pradhan Mantri Jan Dhan Yojana (PMJDY) in August, 2014 to provide universal banking services for every unbanked household based on the guiding principles…

The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), which resulted in a new record of ITRs filed till 31st July 2024. The total number of ITRs for AY 2024-25 filed…

The data regarding the Goods and Services Tax (GST) collections will be placed under ‘News and Updates’ section on the GST portal: https://www.gst.gov.in, going forward. The other relevant data containing the break-down of the individual…

The Central Tax formations under Central Board of Indirect Taxes and Customs (CBIC) detected Rs. 36,374 crore worth of fake Input Tax credit (ITC) that involved 9,190 cases in the Financial Year (FY) 2023-24. This was stated by Union…

The Union Budget 2024-25, presented by Union Finance Minister, Smt. Nirmala Sitharaman, sets a visionary path for India's economic development. The budget focuses on the theme of "Next Generation Reforms," aiming to bolster economic growth,…

The Union Budget 2024-25 outlines a comprehensive strategy to achieve 'Viksit Bharat' by focusing on nine key priorities that aim to create abundant opportunities for all citizens. Together, these initiatives are designed to propel India…