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A Finance Act is the fiscal legislation enacted by the Indian Parliament to give effect to the financial proposals of the Central Government. It is enacted once a year and contains provisions relating to income taxes, customs, excise, Central and Integrated GST and other cess, exemptions, and reliefs.
Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India. The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [2]
The 2023 Union Budget of India was presented by the Minister of Finance of India on February 1, 2023. This was the fourth budget of Narendra Modi-led NDA government's second term, starting from 2020. The Economic Survey for 2022–2023 was released on January 31, 2023 before the budget.
Anusandhan National Research Foundation Act 2023 25 National Nursing and Midwifery Commission Act 2023 26 Inter-Services Organisations (Command, Control and Discipline) Act 2023 28 Mediation Act 2023 32 Repealing and Amending Act 2023 37 Post Office Act: 2023 43 Telecommunications Act: 2023 44 Bharatiya Nyaya Sanhita: 2023 45 Bharatiya Sakshya ...
The Fiscal Responsibility and Budget Management Bill (FRBM Bill) was introduced in India by the then Finance Minister of India, Yashwant Sinha [1] in December 2000. Firstly, the bill highlighted the terrible state of government finances in India both at the Union and the state levels under the statement of objects and reasons. [2]
By Duncan Miriri and Humphrey Malalo. NAIROBI (Reuters) - Kenya's Court of Appeal on Wednesday declared the government's 2023 finance law unconstitutional, inflicting a new blow to the government ...
The Fifteenth Finance Commission was constituted by the Government of India, after the approval from the President of India, through a notification in the Gazette of India in November 2017. [ 7 ] [ 8 ] Nand Kishore Singh was appointed as the commission's chairman, with its full-time members being Shaktikanta Das and Anoop Singh and its part ...
Sixteenth Finance Commission is the Finance Commission constituted by the Government of India under Article 280 of Constitution. Arvind Panagariya has been appointed as the Chief of the Commission with the main task of determining revenue sharing between Central Government and State Government for a period of five years from April 1, 2026.