New Delhi, July 25 (IANS) The use of simplified language in the new Income Tax Bill, 2025 marks a significant shift in making the provisions easier to understand, reducing the potential for misinterpretation and enhancing taxpayer-centricity and compliance, according to Finance Minister Nirmala Sitharaman. Urging the I-T Department to accelerate disposal of disputed tax demands pending […]
New Delhi, June 30 (IANS) The government has extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) by another year. The CBDT is the apex policymaking body of the Income Tax Department, and its chairman and members are senior Indian Revenue Service officers. “The Appointments Committee of the […]
Finance Minister Nirmala Sitharaman said on Tuesday that under the leadership of Prime Minister Narendra Modi, India has transformed into an emerging defence exporter, strengthening national security and becoming a trusted partner in global peace. “India’s defence sector has undergone a major transformation in the last decade. India’s defence exports have grown by over 1,100% […]
New Delhi, May 27 (IANS) Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources. The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, […]
