Finance

Both direct and indirect tax departments employ data analytics, big data and Artificial Intelligence/Machine Learning in tax administration to make it more effective, free of official discretion, busi...

List No. 1 LOK SABHA THE FINANCE BILL, 2023 (As introduced in Lok Sabha) Notice of Amendments *The President has in pursuance of clauses (1) and (3) of article 117 and clause (1) of article 274 of the...

CBDT’s e-Verification Scheme harnesses information technology to facilitate voluntary compliance On a pilot basis information of financial transactions pertaining to 68,000 cases from FY 2019-20 taken...

Direct Tax Collections for F.Y. 2022-23 up to 10th March 2023 Gross Direct Tax collections for FY 2022-23 at Rs. 16.68 lakh crore; 22.58% higher Y-o-Y Net collections at Rs. 13.73 lakh crore; 16.78% h...

International Financial Services Centres Authority (A statutory authority established by Government of India) FAQs on Milestones & Illustrative Permissible Expenses For Reimbursement Under IFSCA (FinT...

Under PMLA, Rs. 936 crore related to crypto currency is attached/seized/freezed by ED as on 31.01.2023 Crypto Assets are by definition borderless and require international collaboration to prevent reg...

Indian economy staging a broad based recovery across sectors, positioning to ascend to pre-pandemic growth path in FY23 Retail inflation is back within RBI’s target range in November 2022 Direct Tax c...

Gross collections at Rs. 14.71 lakh crore 24.58% higher than the corresponding period of last year Net collection 86.68% of the total Budget Estimates of Direct Taxes for F.Y. 2022-23 The provisional...

GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO:1938 ANSWERED ON: 19.12.2022 Crypto Currency and Virtual Digital Assets Umesh G. Jadhav L.S. Tejasvi Surya Jaisiddeshwar Shivach...

Union Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2023-24 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre...

IFSCA (Preparation & Presentation of Financial Statements of IIOs) Regulations, 2022, inter-alia provide for Accounting Principles and Disclosures forming part of Financial Statements of IIOs register...

IFSCA (Investment by International Financial Service Centre Insurance Office) Regulations, 2022, inter-alia providing for manner and processes of making investments of assets of IIO, in various global...

Ternational Financial Services Centre’s Authority PRESS RELEASE IFSCA executes MoU with the Reserve Bank of India (RBI) The International Financial Services Centre’s Authority (IFSCA) and the Reserve...

Guidelines issued after extensive consultation with all stakeholders, including the government ~ Applicable to all virtual digital asset-related ads released on or after 1st April, 2022 Mumbai, Februa...

“We have given top priority to ensure that banking services reach the last mile” “A whole new world of possibilities opens up when financial partnerships are combined with digital partnerships” “Today...

Insurance Regulatory and Development Authority of India Exposure Draft of IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 In exercise of the powers conferred by Section 114A of th...

For the first time ever, India’s monthly exports of mobile phones surpassed the $1 billion threshold in September 2022 with y-o-y growth of more than 200%. Mobile phone exports: April 2022 – September...

Publication on Crypto-Asset Reporting Framework and Amendments to Common Reporting Standard by OECD Crypto-Asset Reporting Framework and Amendments to Common Reporting Standard was approved by the Com...

ED has provisionally attached immovable property valued at Rs.7.33 Crore under the provisions of the PMLA, 2002 relating to the disproportionate assets case registered against Shri Andasu Ravinder, Ad...

ED has conducted search actions on the 12 entities involved in Part time job fraud case located in Bengaluru and seized Rs. 5.85 Crore so far under PMLA, 2002 Directorate of Enforcement (ED) has condu...