Tag Archives: Finance Minister

Infosys admitted glitches in I-T portal, resolving them: Finance Ministry

By | July 20, 2021

Infosys has acknowledged the technical issues in the new Income Tax portal and some of the initial glitches like slow functioning of the portal and non-availability of certain functionalities have been mitigated, Parliament was informed on Tuesday. The portal www.incometax.gov.in had a bumpy start from the day of its launch on June 7 as… Read More »

FM Nirmala Sitharaman told to extend ITRs, tax audit and AGM time frame

By | December 23, 2020

The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28 TopicsNirmala Sitharaman | income tax returns | tax filing Direct tax professionals have sought extension for tax audit report, income tax returns for audit cases and time limit for AGMs in the… Read More »

Panel approves bidding plan for Shipping Corporation privatisation

By | December 21, 2020

The ministerial committee on divestment has approved the proposal to invite bids for the privatisation of Shipping Corporation of India. This would push the pedal on government’s drive to privatise state-owned firms that were approved by the government last year. The expression of interest and preliminary information memorandum have been approved by the alternative… Read More »

Budget will focus on infra to revive economic growth: FM Sitharaman

By | December 15, 2020

Finance Minister Nirmala Sitharaman on Tuesday said the Union Budget for 2021-22 would have emphasis on sustaining high public expenditure on infrastructure to revive the economy which contracted in the first two quarters of the current financial year. “Something that certainly will feature is we shall definitely sustain the momentum on public spending on infrastructure… Read More »

Digitisation will help measure GDP accurately: FM Nirmala Sitharaman

By | November 6, 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. She said the government, irrespective of the party in power, tries to widen the tax net and at the… Read More »