Latest News for: Finance acts

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I-T bill to simplify tax framework: FM in LS

Hindustan Times 14 Feb 2025
Union finance minister Nirmala ... In a note accompanying the bill, the finance minister said the Income Tax Act passed in 1961 has been subjected to numerous amendments since its passage sixty years ago.
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What’s new in the Income Tax Bill, 2025

Financial Express 14 Feb 2025
Income tax slabs announced in any year\u2019s Budget will be included in the Finance Act of that year ... Finance Minister Nirmala Sitharaman had said a comprehensive review of the Income-tax Act, 1961 would be completed in six months.
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BJP govt should not cite lack of funds for Mahila Samman scheme: Atishi

The Siasat Daily 14 Feb 2025
The Acting Chief Minister said she was sharing the data about the AAP government’s good economic performance so that BJP leaders do not blame the outgoing government for the alleged poor state of ...
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New Income Tax Bill: What’s in it for taxpayers?

Business Line 14 Feb 2025
But hope springs eternal, and big expectations seem to have been built up that the review of Income Tax Act announced by the Finance Minister in her July budget, will usher in further reforms.
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South Korea to review non-tariff barriers amid US reciprocal tariff plans

Hindustan Times 14 Feb 2025
plan to introduce reciprocal tariffs, the country's acting president said on Friday ... Free Trade Agreement," said Choi Sang-mok, the finance minister who is serving as acting president.
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Public Submissions Open On The Anti-Money Laundering And Countering Financing Of Terrorism Amendment Bill

Scoop 14 Feb 2025
The bill would make changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. It aims to improve the Act’s regime by more effectively addressing organised crime ... .
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New Income Tax Bill omits deduction for inter-corporate dividends under concessional rate

Business Line 14 Feb 2025
... allowed under the current Income Tax Act ... This is provided under Section 80M, introduced by the Finance Act 2020.
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Defi.app completes $4 mn funding, launches ‘SuperApp’ as an ‘alternative to Centralised Exchanges’

CoinGape 14 Feb 2025
This latest funding comes after after it raised $2 million in seed funding round last year, bringing its total financing to $6 million ... In early Q2 2025, it further plans to launch its HOME token acting as the native cryptocurrency of DeFi.app.
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Fiji aims to attract more foreign investments

FBC News 14 Feb 2025
Speaking during the Australian Capital Territory’s networking reception ...
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'To defame Punjab': Mann govt slams Centre for landing US plane with illegal immigrants in Amritsar

The Times of India 14 Feb 2025
... that the AAP-led government has acted against those behind illegal immigration, the Punjab finance minister said 'BJP is trying to protect' the people sending citizens illegally to foreign lands.
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IMF Staff Concludes Visit to Ghana

International Monetary Fund 14 Feb 2025
This mission will not result in a Board discussion. Accra ... President Mahama, Finance Minister Forson, and Bank of Ghana Acting Governor Asiama, and their teams, as well as representatives from various government agencies, and other key stakeholders.
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New Income Tax Bill 2025: Six aspects to take note - is it a zero-sum game?

The Times of India 14 Feb 2025
After the third term re-election of the Indian Government, in the Budget speech, the finance minister (FM) announced a comprehensive review of the Income Tax (IT) Act, focusing on four primary pillars.
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Focus on simplification & lower compliance burden

The Times of India 14 Feb 2025
Tax rates will be determined by the Finance Act each year.The bill has positive simplification aspects ... reviewed now, and over time some other issues persisting in the existing Act would be dealt with.
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‘Buy, baby, buy’: Energy connect set for big boost

Hindustan Times 14 Feb 2025
On nuclear energy, India announced plans to amend its Atomic Energy Act and Civil Liability for Nuclear Damage Act, paving the way for US-designed nuclear reactors with technology transfer.
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