Category: Income Tax

SMEs must strive to produce World Class Products; GeM to handhold Women Entrepreneurs in SME Manufacturing

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2nd National GST Conference held for streamlining GST system

The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance. The multi-faceted Conference was focused on brainstorming session for streamlining Goods and Services Tax (GST) system and plugging revenue leakages. This …


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The guidelines updated by Government of India for credit given to MSMEs.

The Indian Government has issued certain guidelines in its campaign of MSME support & Outreach where it has asked all the head of the departments of public sector banks to do the detail analysis of issues and progress done in the credit facility that are faced by MSMEs. The main effort of the Government is …


E-assessment scheme for faceless scrutiny of income tax returns notified.

The finance minister has already formed a notice for the e-assessment Scheme formed in 2019. It will be further incorporated for conducting faceless scrutiny assessment of Income Tax Return (ITR).  The scheme further involves the formulation of e-assessment centres at national and regional levels. It will further input in the auto-allocation of cases among the …