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Copy of Finance Bill 2023 as passed by the Lok Sabha
28 March 2023 at 08:43The Finance Bill 2023 was passed in the Lok Sabha without a discussion on March 24. T
Ministry of Finance states 15% increase in GST Collection YoY
28 March 2023 at 08:41There has been an increase of 15% in GST Collection in the month of December (FY 2022-23) as compared to the month of December (FY 2021-22)
Use of data analytics, big data and AI/ML in tax administration to make it more effective
28 March 2023 at 08:40Both 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, business and taxpayers friendly
Individual taxpayers with income marginally over Rs 7 lakh to get relief under new tax regime
27 March 2023 at 08:39The government has provided additional relief to taxpayers under the new income tax regime by tweaking it so that those earning over the tax-free limit of Rs 7 lakh per annum
TDS on all winnings from online gaming to come into effect from 1st April
27 March 2023 at 08:38The TDS or tax deducted at source on online gaming applications will now be effective from 1 April, 2023 as against an earlier provision of 1 July, 2023.
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS
27 March 2023 at 08:38Credit card payments for foreign travel will be brought under Reserve Bank’s Liberalised Remittance Scheme (LRS) to ensure that such expenses do not escape TCS (Tax Collection at Source).
Key highlights of amendments to Finance Bill 2023
25 March 2023 at 08:47The Finance Bill 2023 was been passed in Lok Sabha without a discussion and the House was adjourned to meet again on March 27.
Lok Sabha approves setting up of GST Appellate Tribunal to solve disputes
25 March 2023 at 08:46Lok Sabha on Friday cleared changes in the Finance Bill to pave the way for setting up of an appellate tribunal for resolution of disputes under GST.
Cabinet hikes Dearness Allowance by 4% for central government employees & pensioners
25 March 2023 at 08:45The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval to release an additional instalment of Dearness Allowance to Central Governments employees and Dearness Relief to Pensioners with effect from 01.01.2023.
Finance Bill 2023 passed in Lok Sabha with over 45 amendments
24 March 2023 at 08:39Today, i.e. 24th March, Union Finance Minister Nirmala Sitharaman will move The Finance Bill, 2023 in Lok Sabha to give effect to the financial proposals of the Central Government for the financial year 2023-2024 be taken into consideration.
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