While the government expects you to pay taxes honestly, make sure you make use of its exemption schemes to the fullest
In the previous AY 2014-15, 1.91 crore, out of 3.65 crore who filed returns, had paid income tax. But the total income tax paid by individuals declined to Rs 1.88 lakh crore in AY 2015-16 from Rs 1.91 lakh crore in AY 2014-15.
Madhya Pradesh became the first state to announce shifting of its financial year format to January-December from 2018.
Madhya Pradesh on Tuesday became the first Indian state to announce shifting of its financial year format to January-December from the present April-March cycle.
PM Narendra Modi asked the states to consider advancing the financial year to January-December, saying that in a country where agricultural income is exceedingly important, budget should be prepared immediately after its receipt for the year.
The new financial year 2017-18 starts today, thus new decisions and rules announced by government also comes into effect.
The Budget process has finally begun, this time a month ahead of schedule, with the Halva ceremony at the North Block marking an auspicious beginning to an exercise that will see employees of the Finance
New Delhi: A committee headed by former CEA Shankar Acharya has been set by the government to examine the desirability and feasibility of having a new financial year, replacing the existing April-March period. The
Mumbai: The Reserve Bank of India (RBI) has asked banks to keep their branches, which conduct government business, open for full day on March 30 and till 8 pm on March 31 to facilitate the
Mumbai: India Ratings today revised downwards to 7.5 per cent the GDP growth forecast, from earlier estimate of 7.7 per cent, for the current financial year because of weak agricultural growth. "The downward revision in
New Delhi: India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0% of GDP while for the current financial year, it is likely to remain under control, says a DBS
New Delhi: According to the new documents obtained from the finance ministry, twenty five nationalized banks have lost Rs 12, 620 crore in last four financial years.The documents revealed that there have been 4,845 cases
New Delhi: Arunachal Pradesh and Meghalaya will appear on Indian Railway map during this financial year, Railway Minister Mallikarjun Kharge today promised in his Interim Rail Budget speech. The Railways is now on course to
Mumbai: The Maharashtra government today said it is taking steps to insulate farmers from adverse market and weather conditions by helping them to have a regular income, and expects suicide cases in Vidarbha region to
New Delhi, Jul 17: To highlight the achievements and programmes of the government, the union cabinet today allocated a fund of Rs 630 crore to the Information and Broadcasting Ministry, of which over Rs 200
Kolkata, Apr 5: Turnover of eastern region of heavy engineering public-sector unit BHEL increased 24 per cent at Rs 2,700 crore during the financial year 2011-12, a company official said.“The eastern region of BHEL achieved