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finance act news

2025 Union Budget: Zero tax up to ₹12 lakh, but fine print leaves many confused

Nirmala Sitharaman
htcity
Published on Feb 01, 2025 03:40 pm IST

What the FCRA amendments mean

Minister of state for home Nityanand Rai, during a discussion in the Lower House, argued that the law needed to be updated further to “prevent the misuse of foreign funds” by those who receive it.
india news
Updated on Sept 22, 2020 11:48 pm IST

TCS to be levied on foreign tax remittances: All you need to know

A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas/Files
business
Updated on Sept 10, 2020 04:04 pm IST

Gross Direct Tax collection grew 8% in FY20, says CBDT

In order to boost investments, the government in September last year gave a ₹1.45 lakh crore bonanza to the industry by drastically reducing corporate tax rates. (Representative Image)
business
Published on Jun 08, 2020 05:25 am IST

‘No extension of fiscal year’: Finance Ministry after rumours abound

Industry has been demanding extension of fiscal year by three months in view of the economic impact caused by outbreak of Covid1-19.
business
Updated on Mar 30, 2020 11:20 pm IST

Home loan tax rebate: Have you claimed these tax benefits yet?

Homebuyers should be aware of home loan tax benefits before submitting their annual tax return.
brand post
Updated on Jan 31, 2020 11:18 am IST

Petition over electoral bonds in Supreme Court on January 20

The Supreme Court will hear on Monday the plea by Communist Party of India (Marxist) and NGO Association for Democratic Reforms and seeking a stay on the electoral bonds scheme of 2018.
india news
Updated on Jan 18, 2020 11:44 pm IST

Aadhaar impact?: 7-judge bench to look at passage of 2017 Finance Act

The Centre maintained its stand that it is a money bill since it has provisions which deal with salaries and allowance to be paid to members of tribunals from the consolidated funds of India.
india news
Updated on Nov 14, 2019 05:35 am IST

Lok Sabha elections 2019: All you need to know about electoral bonds

Electoral bonds are issued by the State Bank of India (SBI) for amounts ranging from ₹1000 to ₹1 crore and are available for a period of 10 days each in the months of January, April, July and October.
lok sabha election 2019
Updated on Apr 24, 2020 05:14 pm IST

Privacy of electoral bond buyers vital: Centre tells Supreme Court

Electoral Bonds were introduced after changes in the Finance Act 2017; there was related amendments in the Income Tax Act, the RBI Act, and the Representation of People Act.
india news
Published on Mar 14, 2019 11:40 pm IST

Slash cap on anonymous donations to parties from ₹20,000 to ₹2000: Election Commission asks govt

A general view of Election Commission of India building in New Delhi.
india news
Updated on Oct 17, 2018 11:34 pm IST

The path to reforms: Ensure enforcement, bring clarity

ECI is outgunned when it comes to confronting those who circumvent existing campaign finance rules and lacks power to sanction candidates.
india news
Updated on Jul 27, 2018 10:03 am IST
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