Explained: Why Residents Of Sikkim Exempted From Paying Income Tax
Sikkim, a former kingdom, merged with India on the condition that its old laws and special status would remain intact. Consequently, the small northeastern state followed its own Sikkim Income Tax Manual 1948, governing tax laws since 1975
IMF Approves USD 700 Million Second Tranche Of USD 3 Billion Package For Pakistan
The Ministry of Finance announced the completion of the first review by the Executive Board of the Washington-based International Monetary Fund (IMF), the Dawn newspaper reported.
Net direct tax collections rise about 20.7% so far in 2023-24
Over the last few years, various efforts have been made to increase the tax base and improve compliance.
Record Breaking: 7.78 Crore ITRs Filed For FY 2022-23; Marashtra Scores Highest With 1.20 Crore ITRs
Maharashtra has topped the list with the most ITRs filed – 1.20 Crore. Uttar Pradesh stood second in the list with a marginal difference yet a good score.
Centre Reports 12% Increase in States’ Capex from April to February
The ministry reported that states' capital expenditure from April to February 2023 was 11.9% higher than the previous year
Pre-Paying Off-Budget Bonds: A Smart Move by the Indian Government?
Govt's Decision to Pre-Pay Off-Budget Bonds Could Help Tackle Fiscal Challenges
World Bank Forecasts India’s GDP Growth to Slow Down to 6.3% in FY24
According to a report by the World Bank, India's GDP growth is predicted to moderate to 6.3% in FY24
