direct tax Current Affairs, GK & News
Highlights: ‘Transparent Taxation – Honoring the Honest’ platform launched
Prime Minister Narendra Modi has launched a platform in order to honour and appreciate the honest taxpayers in the country. The ‘Transparent Taxation – Honouring the Honest’ platform has been launched by the PM through video-conferencing. The government aims to change the way in which taxes are being paid in India now, through this platform. ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs
Topics: direct tax • Income Tax • Prime minister • Tax Reforms • TransparentTaxation - Honouring the Honest
PM to announce next set of direct tax reforms
The Prime Minister Narendra Modi is all set to launch the next set of direct tax reforms in the country keeping in mind the announcements made in the Union Budget 2020-21. The PM will honour the country’s honest taxpayers by launching a platform to that effect. Details of the Platform The platform, named as ‘Transparent ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs
Topics: CBDT • Central Board of Direct Taxes • corporate tax • direct tax • Direct Tax Reforms • Income Tax • IT Department
IT Department to Undertake Drive to Improve Return Filings for FY19
The Central Board of Direct Taxes has announced that it is going to start a campaign from July 20 till the end of the month in order to increase the number of tax filings for the Financial Year 2019-2020. It is a voluntary e-campaign to ensure compliance on the part of the taxpayers who have ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
Topics: CBDT • Central Board of Direct Taxes • direct tax • Income Tax • IT
Parliament passed Direct Tax Vivad Se Viswas Bill, 2020
On March 14, 2020, Parliament passed the Direct Tax Vivad Se Viswas Bill, 2020. The bill aims to reduce the number of litigation that are associated with direct tax payments. The Direct Tax Vivad Se Viswas concept was introduced by the Finance Minister Nirmala Sitaraman during the Union Budget 2020-21. Key Features of the bill ..
Month: Current Affairs - March, 2020
Category: Legal & Constitution Current Affairs
Topics: Bills and Acts • Budget 2020 • CLAT • direct tax • Finance Minister • Income Tax • Lok Sabha • nirmala sitaraman • Union Budget • Vivad Se Vishwas
Lok Sabha passes Direct Tax Vivaad Se Vishwas Bill 2020
The Direct Tax Vivaad Se Vishwas Bill 2020 has been recently passed by the Lok Sabha. The bill was introduced in Lok Sabha by the Finance Minister Nirmala Sitharaman, on February 5, 2020. The Bill provides a mechanism for resolution of pending tax disputes in direct tax including income tax and corporation tax. It seeks ..
Topics: direct tax • Lok Sabha • Minister of Finance