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Auction for Sale (re-issue) of (i) ‘7.33% GS 2026’, (ii) ‘7.23% GS 2039’ and (iii) ‘7.34% GS 2064’

Ministry of Finance Auction for Sale (re-issue) of (i) ‘7.33% GS 2026’, (ii) ‘7.23% GS 2039’ and (iii) ‘7.34% GS 2064’ The Government of India (GoI) has announced the sale (re-issue) of (i) “7.33% Government Security 2026” for a notified amount of ₹6,000 crore (nominal) through price based auction using multiple price method, (ii) “7.23% Government Security 2039” for a notified amount of ₹10,000…

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‘International Symposium on Health Governance in a Political Landscape: Interplay of Health Law, Society and Political Economy’ held

Ministry of Commerce & Industry ‘International Symposium on Health Governance in a Political Landscape: Interplay of Health Law, Society and Political Economy’ held Symposium emphasises need for innovative policy solutions, collaboration between governments, pharmaceutical companies, and foreign organisations Symposium explores themes covering health governance, IPR, access to medicine and public…

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Advisory: Self Enablement For e-Invoicing

Advisory: Self Enablement For e-Invoicing Dear Taxpayers, 1.  If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards. It may also be noted that same is applicable if the threshold is crossed in any of the proceeding financial years too. 2.  For those who meet the notification…

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CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims

Ministry of Finance CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims There is no special drive to re-open cases of mismatch, and media reports alleging that large-scale re-opening is being undertaken by the CBDT are completely misplaced Apprehensions are about retrospective taxation in this matter and re-opening of cases on issues pertaining to…

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Balance sheet for ITR-4 u/s 44AD

Balance sheet for ITR-4 u/s 44AD   Download balance sheet –Balance sheet

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DPIIT organises Workshop on ‘Integration of Economic/User Ministries/Departments on PM Gatishakti National Master Plan

Ministry of Commerce & Industry DPIIT organises Workshop on ‘Integration of Economic/User Ministries/Departments on PM Gatishakti National Master Plan Workshop to sensitise user Ministries/ Departments about onboarding of GIS Data Layers on PM GatiShakti and benefits of using platform Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, organised a…

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Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024

Ministry of Finance Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024 The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers are available…

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Auction for Sale (issue/ re-issue) of (i) ‘7.33% GS 2026’, (ii) ‘New GS, 2034’ and (iii) ‘7.25% GS 2063’

Ministry of Finance Auction for Sale (issue/ re-issue) of (i) ‘7.33% GS 2026’, (ii) ‘New GS, 2034’ and (iii) ‘7.25% GS 2063’ The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) “7.33% Government Security 2026” for a notified amount of ₹6,000 crore (nominal) through price based auction using multiple price method, (ii) “New Government Security 2034” for a notified amount…

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GeM crosses ₹ 4 Lakh Crore in GMV at the end of this Fiscal Year, doubles business in a year

Ministry of Commerce & Industry GeM crosses ₹ 4 Lakh Crore in GMV at the end of this Fiscal Year, doubles business in a year 205% surge in services procured from GeM 21 lakh sellers and service providers onboarded on GeM Government e Marketplace has closed this financial year with ₹ 4 lakh crore in Gross Merchandise value (GMV) – doubling its GMV clocked at the end of previous Fiscal Year. This…

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45 Days Payment Agreement Format Section 43BH MSME | 45 days payment Agreement format in MS Word

45 Days Payment Agreement Format Section 43BH MSME | 45 days payment Agreement format in MS Word Download word format-MSME COMPANY Letterhead

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Exchange Rate Notification No. 24/2024 - Customs (N.T.)

Ministry of Finance Exchange Rate Notification No. 24/2024 – Customs (N.T.) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 18/2024-Customs(N.T.), dated 7th  March, 2024 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines…

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4th Shanghai Cooperation Organisation Startup Forum organized in New Delhi

Ministry of Commerce & Industry 4th Shanghai Cooperation Organisation Startup Forum organized in New Delhi SCO Startup Forumto catalyze innovation and collaboration among startups The fourth edition of the Shanghai Cooperation Organisation (SCO) Startup Forum was organized on 19th March 2024 in New Delhi. The initiative focused on broadening startup interactions among the SCO Member States,…

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Directorate of Income Tax (Investigation), Delhi, sets up 24X7 Control Room and toll-free Mobile Number 9868168682 in connection with the General Elections to Lok Sabha, 2024

Ministry of Finance Directorate of Income Tax (Investigation), Delhi, sets up 24X7 Control Room and toll-free Mobile Number 9868168682 in connection with the General Elections to Lok Sabha, 2024 The vigil through Control Room will help to check suspicious movement/distribution of cash, bullion and other valuables within the NCT of Delhi Control Room will be functional during the entire period of…

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Ministry of Finance Gross Direct Tax collections for  Financial Year (FY) 2023-24 register a growth of 18.74% Net Direct Tax collections for the FY 2023-24 grow at over 19.88% Advance Tax collections for the FY 2023-24 stand at Rs. 9,11,534 crore which shows a growth of 22.31% Refunds aggregating to Rs. 3,36,808 crore issued in the current fiscal The provisional figures of Direct Tax…

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Startup Mahākumbh witnesses record-breaking participation and enthusiasm

Ministry of Commerce & Industry Startup Mahākumbh witnesses record-breaking participation and enthusiasmMega confluence hosts over 2000 startups, 1000 investors, 100+ unicorns and 300+ incubators & accelerators More than 3,000 delegates, 3000 future entrepreneurs and 50,000 business visitors from all states Startup Mahakumbh to further develop emerging sectors like DeepTech, AgriTech, BioTech,…

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Tariff Notification No. 22/2024-Customs (N.T.) in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Ministry of Finance Tariff Notification No. 22/2024-Customs (N.T.) in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the…

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Highest monthly merchandise exports, in the current FY so far, recorded in February 2024. India’s merchandise exports in February 2024 stands at USD 41.40 Billion; an increase of 11.86% over USD 37.01 Billion in February 2023

Ministry of Commerce & Industry Highest monthly merchandise exports, in the current FY so far, recorded in February 2024. India’s merchandise exports in February 2024 stands at USD 41.40 Billion; an increase of 11.86% over USD 37.01 Billion in February 2023 Main drivers of merchandise export growth in February 2024 include Engineering Goods, Electronic Goods, Organic & Inorganic Chemicals, Drugs…

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