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Consultative Committee meeting chaired by Minister of North Eastern Region
The Union Minister Dr Jitendra Singh chaired the Parliamentary Consultative Committee meeting of the North Eastern Region on December 12, 2019. The issues of development of North East was discussed at the meeting. Highlights At the meeting the issue of ..
Month: Current Affairs - December, 2019
USA- France trade dispute
The tariff dispute between USA and France has started affecting bilateral trade. Recently, USA threatened to impose a 100% tariff on French imports such as wine, cheese and handbags. The threat comes in light of the recently announced French digital ..
Panel to revive GST Collections
The GST collection in September 2019, dropped sharply to a 19-month low. This reflects the widening slowdown of the economy. The tax collections were Rs 91,916 crore in September. This was 2.67% less as compared to September 2018. GST Collection ..
Month: Current Affairs - October, 2019
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 the tax payer and the officer. It aims at communicating directly to ..
Month: Current Affairs - October, 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 to launch faceless and nameless assessment for Income Tax (IT) payers from ..
Recommendations of Task Force on Simplification of Direct Tax
The task force on simplification of direct tax legislation headed by Central Board of Direct Taxation (CBDT) member Akhilesh Ranjan has recommended major changes in personal income tax slabs. Recommendations of the Task Force Continuation of the minimum exemption limit ..