NEW DELHI: Finance minister Nirmala Sitharaman on Monday asked top direct tax officials to make the processes simpler, transparent, and taxpayer-friendly, while seeking to speed up cases of disputed tax demand.During a meeting with principal chief commissioners of income tax, the minister called for a “structured, process-driven approach to compliance” focusing on greater ease for […]
British Virgin Islands-based Dimitra Incorporated is pioneering efforts to convert verified farm data and assets into blockchain-based instruments via a digital token, $DTMR, the company’s CEO and founder, Jon Trask, has said. $DMTR is an exchange-based utility token created on the Ethereum blockchain as an ERC-20 token. Transactions are verifiable and transparent via Etherscan and […]
File photo: Finance minister Nirmala Sitharaman (Picture credit: ANI) NEW DELHI: Finance minister Nirmala Sitharaman on Friday asked senior tax officials to prepare plans to improve parameters for GST registration, refund processing, and grievance redressal.During an interaction with senior officials under the Central Board of Indirect Taxes and Customs, FM also asked officials to speed […]
Finance ministry reported a significant 45% increase in foreign asset and income disclosures (ANI) New Delhi: The finance ministry on Friday said there was a substantial increase in reporting of foreign assets and income, with 2.3 lakh taxpayers disclosing it in their returns in 2023-24, a jump of 45% over the previous year.Amid media reports […]
Committed to Ladakh’s inclusive growth: FM Nirmala Sitharaman (Photo: PTI) LEH: Finance minister Nirmala Sitharaman, virtually inaugurated several development projects on Sunday in Leh, Ladakh, during her four-day visit to the Union Territory. The ministry of finance said this reaffirms Government of India’s commitment to inclusive growth and infrastructure development in the Union Territory of […]
NEW DELHI: Finance minister Nirmala Sitharaman is expected to push tax authorities to ensure the timely refund of income tax, GST, and export-related dues, while flagging the long pendency in investigation by the Directorate General of GST Investigation (DGGI).Sitharaman is due to meet top officials of the Central Board of Indirect Taxes and Customs next […]
Foraying into the real estate space on its own, Peerless General Finance and Investment Company on Friday announced the launch of its ₹500-crore mixed-use real estate project in Kolkata. The residential-retail-official project, Trayam, is being built on 2.67 acres of land at Kolkata’s New Town. According to Peerless General Finance and Investment Company (PGFI), […]
A crucial condition for such issuances is that the shareholding percentage of the non-resident shareholders must remain unchanged | Photo Credit: iStockphoto The Finance Ministry has issued a much-needed clarification regarding issuance of bonus shares to non-resident shareholders by companies operating in sectors prohibited for Foreign Direct Investment (FDI). This amendment to the Foreign Exchange […]
Bengaluru, Karnataka, India: Ujjivan Small Finance Bank Limited (Ujjivan SFB) today announced the launch of Ujjivan Rewardz, a multi-tier system designed to reward the customers on their various digital transactions. With this program, Ujjivan SFB aims to further deepen customer engagement and experience by offering attractive and personalized benefits. Ujjivan SFB […]
Kochi, Kerala, Bengaluru, Karnataka, India: Kyndryl, a leading provider of mission-critical enterprise technology services, has been selected by ESAF Small Finance Bank, a new age bank with over nine million customers and 787 branches across India, to transform and manage the mission-critical technology that underpins its operations and future banking […]
