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Economy

I-T Dept refunds Rs 62,361 cr to more than 20 lakh taxpayers amid COVID-19 pandemic

I-T Dept refunds Rs 62,361 cr to…

New Delhi, Jul 3 (KNN) The Central Board of Direct Taxes (CBDT) on Friday announced that the income tax department has issued refunds of Rs 62,361…

GST collection brings cheers; touches Rs 90,917 cr

GST collection brings cheers; touches Rs 90,917…

New Delhi, Jul 1 (KNN) The gross Goods and Services Tax (GST) revenue collected in the month of June stood at Rs 90,917 crore.

The collections are…

Deadline for linking PAN with Aadhaar extended till March 31, 2021

Deadline for linking PAN with Aadhaar extended…

New Delhi, June 25 (KNN) The Central Board of Direct Taxes (CBDT) has extended the deadline for linking Permanent Account Number (PAN) card with Aadhaar…

RBI asks lending institutions to assign 'zero' risk weight on loans to MSME under ECLGS

RBI asks lending institutions to assign 'zero'…

New Delhi, Jun 22 (KNN) The Reserve Bank of India (RBI) has asked lending institutions to assign zero per cent risk weight on the credit facilities extended…

FM holds a meeting with private banks, NBFCs to ensure liquidity to MSMEs

FM holds a meeting with private banks,…

New Delhi, Jun 15 (KNN) Finance Minister, Nirmala Sitharaman held a meeting with the heads of major private sector banks to take stock of their preparedness…

GST Council eases compliance burden for businesses; reduces late fee & interest for tax payers with tax liabilities

GST Council eases compliance burden for businesses;…

New Delhi, June 13 (KNN) The Goods and Services Tax Council has decided to ease compliance burden of businesses by reducing late fee and interest for those…

SC asks Centre, RBI to hold meeting this weekend to clarify position on waiver of interest on loan moratorium

SC asks Centre, RBI to hold meeting…

New Delhi, June 13 (KNN) The Supreme Court has asked the Centre to clarify its position on the waiver of interest during the moratorium on loan and other…

PSBs disburse loans to MSMEs worth Rs 14,690 under ECLGS

PSBs disburse loans to MSMEs worth Rs…

New Delhi, Jun 13 (KNN) Public Sector Banks (PSBs) have disbursed Rs 14,690.84 crore till June 11, under the Rs 3-lakh crore Emergency Credit Line Guarantee…

Govt reduces late fee on GSTR-3B filings

Govt reduces late fee on GSTR-3B filings

New Delhi, Jun 12 (KNN) Union Finance Minister Nirmala Sitharaman on Friday decided to reduce the late fee on the filing of GSTR-3B returns for the period…

GST council to meet today

GST council to meet today

New Delhi, Jun 12 (KNN) The Goods and Services (GST) council is set to meet today for the first time after the nationwide lockdown and is expected…