-Scroll.in Non-profit organisations will now have to renew their registrations under the Income Tax Act every five years. On February 1, when Finance Minister Nirmala SITharaman introduced the Budget in Parliament, she presented a number of amendments under the Finance Bill 2020. Some of these alter the validity of registrations granted to Indian non-governmental organisations. The Bill, which will come into effect on June 1, amends certain sections under the Income Tax...
More »SEARCH RESULT
Total Matching Records found : 9033
No plan to amend Constitution to include Net access as fundamental right, says Ravi Shankar Prasad
-The Hindu Minister for Communications justifies impoSITion of Internet blockade in Jammu and Kashmir New Delhi: Minister for Communications Ravi Shankar Prasad on Thursday justified the impoSITion of Internet blockade in Jammu and Kashmir by stating that national security trumped over the right to use the Internet and the blockade would be reviewed periodically based on the law and order SITuation in the region. Mr. Prasad, who was answering a question in the...
More »What economic slump really means for workers -Shiv Inder Singh
-Newsclick.in Punjab is industrialised and its agriculture is mechanised. The state is in the grip of a downturn which has hurt the migrant poor most. The Union Budget is the talk of the town, but the economic downturn is not. The prevailing economic SITuation has hurt all sectors of the business and economy. One symptom of the downturn is that unemployment has broken a 45-year record. Even if these facts are known,...
More »Finance Ministry secretly corrects 14 data discrepancies in Budget 2020 after India Today seeks answers -Mukesh Rawat
-IndiaToday.in IndiaToday.in's analysis found that Union Budget 2020 had at least 14 data discrepancies regarding allocations for the Department of Health and Family Welfare. When we sought a clarification, the Finance Ministry secretly corrected them without replying to our mail. * There were 14 data discrepancies in Expenditure Budget for Dept of Health & Family Welfare * These were between the PDF and Excel files uploaded by Finance Ministry on budget's official webSITe *...
More »With savings rate falling, phasing out exemptions may hit it harder -Udit Misra
-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...
More »
