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Nirmala Sitharaman

55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman

55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman

Sat, Dec 21, 2024

The GST Council has made a host of decisions concerning a variety of areas including certain snacks, electric vehicles (EVs) and construction materials. Finance and Corporate Affairs Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council in Jaisalmer, Rajasthan. Here are some of the key takeaways from the 55th meeting of the GST Council.

GST Council postpones decision on slashing tax on life, health insurance

GST Council postpones decision on slashing tax on life, health insurance

Sat, Dec 21, 2024

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.

GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred

GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred

Sat, Dec 21, 2024

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired the 55th meeting of the GST Council in Jaisalmer, Rajasthan, on Saturday.

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Budget 2021 Expectations LIVE: What India wants from Nirmala Sitharaman - Check latest news, updates, demands here

Budget 2021 Expectations LIVE: What India wants from Nirmala Sitharaman - Check latest news, updates, demands here

Wed, Jan 20, 2021

Union Budget 2021 Expectations LIVE: The Union Budget 2021 is scheduled to be presented in Parliament on February 1, 2021.

Budget 2021 Expectations LIVE: What India Inc. wants from Modi government, Nirmala Sitharaman?

Budget 2021 Expectations LIVE: What India Inc. wants from Modi government, Nirmala Sitharaman?

Mon, Jan 18, 2021

Union Budget 2021 Expectations LIVE: The Union Budget 2021 is scheduled to be presented in Parliament on February 1, 2021.

Tax alert! Income tax return (ITR) exemption limit may be hiked from Rs 2.5 lakh to Rs 5 lakh, standard deduction to Rs 1 lakh in Budget 2021

Tax alert! Income tax return (ITR) exemption limit may be hiked from Rs 2.5 lakh to Rs 5 lakh, standard deduction to Rs 1 lakh in Budget 2021

Wed, Jan 13, 2021

Income tax return (ITR) exemption limit: Middle Class taxpayers may get a very big demand of theirs cleared by Finance Minister Nirmala Sitharaman as the Narendra Modi Government is expected to announce a hike in the basic tax exemption limit.

Budget 2021 Expectations LIVE: What India wants from Modi government, Nirmala Sitharaman? Check latest news, updates, quotes, demands here

Budget 2021 Expectations LIVE: What India wants from Modi government, Nirmala Sitharaman? Check latest news, updates, quotes, demands here

Wed, Jan 13, 2021

Union Budget 2021 Expectations LIVE UPDATES: Finance Minister Nirmala Sitharaman has promised a never before like Union Budget as the Modi government looks to give a further boost to the Indian economy.

Budget 2021 Expectations: Medical companies want redressal of taxation policy from FM Nirmala Sitharaman

Budget 2021 Expectations: Medical companies want redressal of taxation policy from FM Nirmala Sitharaman

Tue, Jan 12, 2021

Budget 2021 Expectations: Medical companies have demanded redressal of taxation policies like raising import duties on medical devices, abolition of healthcare cess, etc.

Income tax returns (ITR) cut for first-time homebuyers is what developers want | Check Calculation here

Income tax returns (ITR) cut for first-time homebuyers is what developers want | Check Calculation here

Fri, Jan 08, 2021

Income tax returns (ITR) cut: The Union Budget is round the corner and the demands from various industry insiders from the Union Finance Minister (FM) Nirmala Sitharaman in Budget 2021 are soaring.

Budget 2021: Realtors demand income tax relaxations, GST reforms from FM Nirmala Sitharaman

Budget 2021: Realtors demand income tax relaxations, GST reforms from FM Nirmala Sitharaman

Thu, Jan 07, 2021

Budget 2021: As the Union Finance Minister Nirmala Sitharaman is gearing to present the central budget on 1st February 2021, the Indian real estate sector has demanded Goods and Service Tax (GST) reforms and further relaxation in the income tax norms.

Income tax return filing due date: I-T department extends deadline for ITR filings - Check new last dates for individuals and companies

Income tax return filing due date: I-T department extends deadline for ITR filings - Check new last dates for individuals and companies

Wed, Dec 30, 2020

Income tax return filing due date: FOR INDIVIDUALS: Deadline for filing income tax returns by individuals extended by 10 days to January 10, 2021

Income tax return filing due date: Will Nirmala Sitharaman extend ITR last date/deadline for tax payers?

Income tax return filing due date: Will Nirmala Sitharaman extend ITR last date/deadline for tax payers?

Wed, Dec 30, 2020

Income tax return filing due date: Will Union Finance Minister Nirmala Sitharaman extend Income Tax Return (ITR) filing last date for tax payers?

Will you get extension for tax audit report, income tax returns for audit cases and time limit for AGMs from Nirmala Sitharaman?

Will you get extension for tax audit report, income tax returns for audit cases and time limit for AGMs from Nirmala Sitharaman?

Sun, Dec 27, 2020

Income Tax Filing Due Date Tax Audit: There is need for extension of dates for furnishing tax audit reports and ITRs.

Finance Minister Nirmala Sitharaman reviews implementation of AatmaNirbhar Bharat package with secretaries

Finance Minister Nirmala Sitharaman reviews implementation of AatmaNirbhar Bharat package with secretaries

Sun, Dec 13, 2020

Finance Minister Nirmala Sitharaman on Friday concluded a comprehensive review of ANBP with the secretaries of various Ministries/Departments concerned over three days.

Who will benefit from government’s relaxations in housing tax? Find out

Who will benefit from government’s relaxations in housing tax? Find out

Fri, Nov 13, 2020

Finance Minister Nirmala Sitharaman on Thursday announced several measures to provide relief to different sectors in the COVID-19 hit economy. One of the most significant announcement came in the form of relaxations in income tax rules to allow sale of primary residential units of up to Rs 2 crore value below the circle rate.

Stimulus 3.0 Decoded! Modi Government announcement under microscope - Top 3 focus areas

Stimulus 3.0 Decoded! Modi Government announcement under microscope - Top 3 focus areas

Fri, Nov 13, 2020

The government announced measures focused on job creation, reducing distress in stressed sectors, income tax relaxation for home buyers, and capital spending. While these measures have projected benefits of a whopping Rs 2.65 tn, the fiscal cost is likely to be Rs 1.26 tn (0.7% of GDP). Given that expenditure growth until now has been muted and our estimates had factored in additional spending.

EXPLAINED: How government’s new job scheme will benefit employees, organisations

EXPLAINED: How government’s new job scheme will benefit employees, organisations

Fri, Nov 13, 2020

Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said.

FM announces Rs 18,000 cr additional outlay for PMAY-Urban

FM announces Rs 18,000 cr additional outlay for PMAY-Urban

Thu, Nov 12, 2020

The Centre will allocate Rs 18,000 crore more to the Pradhan Mantri Awas Yojana (PMAY) - Urban for building houses for middle income and economically weaker sections of the country

PLI Scheme: Massive! Rs 1.46 crores boost to Atmanirbhar manufacturing by Production Linked Incentive for these 10 Champion Sectors - FULL LIST

PLI Scheme: Massive! Rs 1.46 crores boost to Atmanirbhar manufacturing by Production Linked Incentive for these 10 Champion Sectors - FULL LIST

Thu, Nov 12, 2020

"Production Linked Incentive worth Rs 1.46 lakh crore offered to 10 champion sectors, to help boost competitiveness of domestic manufacturing," Finance Minister Nirmala Sitharaman said.

FM Nirmala Sitharaman announces ‘Atmanirbhar Bharat Rozgar Yojana’ to generate employment opportunities

FM Nirmala Sitharaman announces ‘Atmanirbhar Bharat Rozgar Yojana’ to generate employment opportunities

Thu, Nov 12, 2020

The finance minister Nirmala Sitharaman on Thursday afternoon announced the Atmanirbhar Bharat Rozgar Yojana with an aim to create more employment opportunities as the nation continues to recover from COVID-19 pandemic.

How government’s decision to extend PLI scheme to 10 new sectors will boost local manufacturing, provide required push

How government’s decision to extend PLI scheme to 10 new sectors will boost local manufacturing, provide required push

Thu, Nov 12, 2020

The Union Cabinet on Wednesday approved a production-linked incentive scheme worth around Rs 1.45 lakh crore for 10 sectors – a move that has been welcomed by companies around segments.

Aadhaar-bank account linking: Seed all accounts with Aadhaar by March 2021, says FM Sitharaman

Aadhaar-bank account linking: Seed all accounts with Aadhaar by March 2021, says FM Sitharaman

Tue, Nov 10, 2020

In a big breaking news today, FM Nirmala Sitharaman has passed on a warning to all those people whose bank accounts are not linked to their Aadhaar cards. Speaking today, FM virtually seems to have given a deadline to banks or the bank account holders.

FM nudged tax practitioners to suggest their clients shift towards digital modes of payments

FM nudged tax practitioners to suggest their clients shift towards digital modes of payments

Sat, Nov 07, 2020

Finance Minister Nirmala Sitharaman on Friday said increased digitisation will help in making better assessment of the country's economic growth and nudged tax practitioners to suggest their clients to shift towards digital modes of payments.

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