Current Affairs

GK MCQs Section

Page-3 of Income Tax

Government launches National E-Assessment Scheme

The National E – assessment scheme was launched to make income tax assessment faster, smoother and hassle – free. The system focuses on eliminating the middle men between...

October 8, 2019

K M Prasad appointed as new Principal Chief Commissioner of Income-tax (PCCIT) of National e-assessment centre

The National e-Assessment Centre (NeAC) has been set up by the  Central Board of Direct Taxes (CBDT) in the national capital as part of the government’s ambitious plan...

September 24, 2019

CBDT to set up National e-Assessment centre in New Delhi

National E-Assessment Centre (NeAC) will be setup in New Delhi as part of the Centre government’s ambitious plan to launch faceless and nameless assessment for income tax payers...

September 23, 2019

Akhilesh Ranjan task force on Direct Tax Code submits Report to Finance Ministry

The task force, headed by CBDT member Akhilesh Ranjan, constituted by the Union government for drafting the new Direct Tax Code (DTC) has recently submitted its report to...

August 20, 2019

Tweaks to the FPIs in Union Budget

The Indian Government has made a few tweaks to the norms of foreign portfolio investors (FPIs) to attract funding for the Indian capital market. What has happened? The...

August 9, 2019

Update : Erroneous reports about the Filing of Income tax Return

There were several reports in the social media that a few taxpayers were facing issues in filing the returns. What had happened? Unverified reports in the social media...

July 17, 2019

Structural Challenges with Indian Tax Regime

The Indian tax regime is said to be under a myriad of structural challenges. India has one of the highest effective corporate tax rates and personal income tax...

July 13, 2019

India’s Path of Fiscal Consolidation

Concerns of the slowing down economy, need to pump capital to revive job creation had led to speculation that the Finance Minister would deviate from the path of...

July 8, 2019

Budget 2019 : Tax Rates

While most economists had anticipated that the government might impose an inheritance tax on the super-rich, the government has not decided to follow through this time and has...

July 6, 2019

Indian Black Money in Swiss Banks Reduces

As per a report made public by the Swiss National Bank (SNB), the money deposited by Indian individuals and enterprises in various Swiss banks has reduced by nearly...

June 27, 2019

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