Search result for 'sanjay malhotra'

India Budget 2025: Pre-Budget Consultations Begin

December 5, 2024 17:53

India's Finance Minister Nirmala Sitharaman will start pre-budget consultations with stakeholders from December 6, seeking inputs on the upcoming budget amid a slowing economy. The consultations...

Economy Before Revenue: Revenue Secy's Advice to DRI Officers

December 4, 2024 12:43

Revenue Secretary Sanjay Malhotra advises DRI officers to prioritize economy over revenue in tax notices, emphasizing a balanced approach to fraud cases. The department detected Rs 10,000 crore...

Pre-Budget Consultation Starts Dec 6: Finance Minister to Meet Stakeholders

December 3, 2024 22:12

Finance Minister Nirmala Sitharaman to start pre-Budget consultations from Dec 6. Meetings with economists, farmers, MSME stakeholders and industry leaders are scheduled.

India Aims to be World's Most Efficient Trade Hub: Revenue Secy

November 29, 2024 22:29

India aims to become the world's most efficient and trusted trade hub by expanding AEOs, integrated free zones, and promoting innovative policies, says Revenue Secretary Sanjay Malhotra.

India Aims to be World's Top Trade Hub: Revenue Secretary

November 29, 2024 18:09

India aims to become the world's most efficient and trusted trade hub, focusing on AEOs, integrated free zones, and innovative policies, according to Revenue Secretary Sanjay Malhotra.

India Fights Money Laundering & Terrorism Financing: Union Minister

November 28, 2024 15:40

India reaffirms its commitment to combating money laundering and terrorism financing, highlighting its proactive approach and robust measures under Prime Minister Modi's leadership.

Crypto Scepticism: DFS Secretary Backs RBI's Caution

November 18, 2024 21:47

DFS Secretary Nagaraju M expresses scepticism about cryptocurrencies, echoing RBI's cautious stance. He calls it a 'suspect scheme' and urges caution on crypto assets.

CII Urges Tax Reforms, Sustained Capex in FY25 Budget

November 7, 2024 19:27

CII has called for further tax reforms and sustained capital investment in the upcoming FY25 Budget, aiming to boost growth, employment, and consumption. The chamber also suggested disinvestments...

Income Tax Act Review: 6,500 Suggestions Received

November 4, 2024 21:05

India's income tax department has received 6,500 suggestions on a review of the Income Tax Act. Finance Minister Nirmala Sitharaman chaired a meeting on the comprehensive review of the Income Tax...

GST Council Exempts Import Services by Foreign Airlines

September 9, 2024 21:38

The GST Council has exempted import services by foreign airline companies and will regularize past taxes on an 'as is where is' basis. This decision follows notices issued to airlines for unpaid...

FSDC Reviews Global & Domestic Financial Developments

September 5, 2024 19:45

The Financial Stability and Development Council (FSDC) Sub-Committee reviewed global and domestic macroeconomic and financial developments, including potential risks to financial stability and...

IT Dept Processes 4 Crore ITRs in 15 Days | AY 2024-25

August 21, 2024 18:05

India's Income Tax Department has processed nearly 4 crore ITRs for Assessment Year 2024-25 in just 15 days. Learn about the progress and impact of digitization in tax processing.

GST Enforcement Balance: Ease of Biz & Evasion Detection

August 20, 2024 21:25

Revenue Secretary emphasizes a balance between GST enforcement and ease of doing business, urging focus on real evasion and tracking masterminds of fake input tax credit.

Tax System Simplification: Govt Committed to Fairness & Equity

August 3, 2024 21:04

India's Revenue Secretary highlights the government's commitment to simplifying the tax system, reducing disputes, and fostering economic growth through responsible fiscal policies.

India ITR Filing: 6 Crore Filed, 70% Under New Regime - PTI

July 30, 2024 17:05

India's Revenue Secretary reveals that 6 crore ITRs have been filed for FY24, with 70% opting for the new simplified tax regime offering lower tax rates. Learn more about the new tax regime and its...

Capital Gains Tax Simplified: Industry Demand Met in FY25 Budget

July 26, 2024 15:41

Revenue Secretary Sanjay Malhotra clarifies the FY25 Budget's capital gains tax rationalization is a simplification measure, fulfilling industry requests and not focused on revenue augmentation....

Simplified I-T Law: Tax Dept to Prepare Draft, Stakeholder Consultation Planned - Revenue Secy

July 25, 2024 12:27

The Indian tax department will prepare a draft of a simplified income tax law, as proposed in the budget, and will consult with stakeholders before finalising the legislation. The review aims to...

LTCG Tax Hike: Encouraging Long-Term Equity Investments

July 24, 2024 20:26

India's budget increased short-term and long-term capital gains tax on equities, aiming to encourage investors to hold shares for longer periods. Learn how the changes impact investors and the...

Customs Duty Structure Review: India Aims for Fewer Rates

July 24, 2024 20:03

India's Revenue Secretary reveals plans to reduce customs duty rates from over 10 to 4-5, aiming to simplify trade, remove duty inversion, and reduce classification disputes.

Real Estate LTCG Tax Changes: Benefits for Investors - Revenue Secy

July 24, 2024 15:42

Revenue Secretary Sanjay Malhotra clarifies that LTCG tax changes will benefit most real estate investors despite removal of indexation. Learn about the new tax rates and rollover benefit.

Capital Gains Tax Changes to Fetch Rs 15,000 Cr: FinMin

July 23, 2024 17:19

India's Finance Ministry expects to raise Rs 15,000 crore from changes in capital gains tax rates, including a hike in short-term gains and revised holding periods for various assets.

Union Budget 2024-25: Finance Minister Concludes Consultations, Budget on Jul 23

July 7, 2024 13:56

Finance Minister Nirmala Sitharaman has concluded consultations for Union Budget 2024-25, with the budget to be presented on July 23. The budget is expected to include major economic decisions and...

CII pitches for marginal tax relief for individuals, higher wages under MNREGA in Budget

June 18, 2024 19:11

CII recommends marginal tax relief for individuals, increased MNREGA wages, and higher PM Kisan benefits in the upcoming budget to boost consumption and economic growth.

Pre-Budget Meeting with Industry Chambers on June 20

June 16, 2024 20:04

Finance Minister Nirmala Sitharaman to hold pre-budget consultations with industry chambers on June 20, ahead of the 2024-25 budget presentation in Parliament.

GST Meeting to Discuss Fake Registrations & Tax Evasion

May 2, 2024 19:16

Central and state GST officials will meet to discuss tightening registration norms and combating fake companies involved in GST fraud. The meeting will also focus on identifying masterminds behind...

GST Officers Urged to Leverage Tech to Plug Loopholes

March 4, 2024 20:30

Finance Minister Nirmala Sitharaman calls on GST officers to utilize technology to combat evasion and improve taxpayer services, emphasizing collaboration and data analytics.

FM Urges Regulators to Curb Unauthorised Lending Apps

February 21, 2024 17:40

India's Finance Minister has called on financial regulators to take further action to combat the spread of unauthorized lending through online apps, citing concerns about financial stability.

CBDT Sets Rs 1 Lakh Limit for Old Tax Demand Withdrawal

February 19, 2024 17:06

The CBDT has announced a Rs 1 lakh ceiling per assessee for withdrawal of small tax demands up to Assessment Year 2015-16, impacting about 1.11 crore disputed demands.

Finance Minister Reviews Economy at FSDC Meeting

February 14, 2024 17:15

India's Finance Minister Nirmala Sitharaman will review the economy's state at the FSDC meeting on February 21. The meeting will focus on global challenges and financial stability issues.

India's Corporate Tax Structure 'Reasonable': Revenue Secy

February 4, 2024 15:36

India's Revenue Secretary defends the 22% corporate tax rate, stating it's reasonable considering the country's size. He explains why the concessional tax regime for new manufacturing units wasn't...

Tobacco Packing Machines GST Registration: Rs 1 Lakh Penalty from April 1

February 4, 2024 11:47

Tobacco manufacturers face a Rs 1 lakh penalty for failing to register their packing machines with GST authorities from April 1. The move aims to curb revenue leakage in the sector.

GST Collections to Grow 11% to Rs 1.85 Lakh Cr in FY25: Revenue Secy

February 2, 2024 14:07

India's Revenue Secretary expects average monthly GST collections to reach Rs 1.85 lakh crore in FY25, driven by a projected 11% growth. The government also extended the startup tax benefit...

Govt to Withdraw 1.1 Crore Small Tax Demands: Budget Proposal

February 1, 2024 19:10

The Indian government will withdraw 1.1 crore small tax demands totaling Rs 3,500 crore for the period till 2014-15, aiming to ease hardships for small taxpayers.

Customs 2.0: India Aims for Automated Trade Interface

January 27, 2024 18:44

India's Revenue Secretary announces Customs 2.0, a fully automated trade interface system, aiming to improve the country's World Bank logistics ranking.

Interim Budget 2024: Halwa Ceremony Marks Final Stage

January 24, 2024 21:40

Finance Minister Nirmala Sitharaman participated in the traditional 'halwa' ceremony, marking the final stage of preparation for the Interim Budget 2024 to be presented on February 1 in Lok Sabha.

India, US Discuss Illicit Finance Risk & Virtual Asset AML

December 14, 2023 19:06

India and the US revenue authorities discussed combating illicit finance risks, focusing on virtual assets and implementing anti-money laundering standards. They also agreed to enhance cooperation...

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Kerala Open to Adani Projects, But Not...

Kerala is open to discussing new projects with Adani but won''t allow polluting...

Bihar to Host Ambassadors' Meet for Investment

Bihar government to host ambassadors' meeting in Delhi to showcase investor-friendly...

Insurance Amendment Bill: 100% FDI Unlikely in...

The Insurance Amendment Bill, proposing 100% FDI, may not be introduced in the winter...

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