The Micro, Small and Medium Enterprises (MSMEs) plays an important role in manufacturing sector of the country. As per information received from Ministry of Statistics & Programme Implementation, the Share of MSME Manufacturing Output in All India Manufacturing Output was as follows: Year Share of MSME Mfg. O/P in All India Mfg. O/P (in …
After the increase in dearness allowance of central government employees, the expectation of increase in other allowances has increased. Soon the central employees can get good news about this. The Modi government has increased the dearness allowance of central employees by 3 percent. It has now increased to 34 percent. Other allowances which have cleared …
The new financial year is going to start from 1st April 2022. In such a situation, many big changes can be seen in the new month. Yes, from April 1, the rules from PF account to GST will change. Apart from this, many more changes are going to happen, which will have a direct impact …
Teachers of the state have once again been given a big gift. In fact, the honorarium of teachers has been increased by 20 percent. Letters have been issued for this. The same honorarium hike will be effective from April 1, 2021. Many teachers will get the benefit of this. Their salary will see an increase …
7th Pay Commission. Central employees can get good news soon. According to the latest media reports, the Modi government may increase the fitment factor before March 31. If the fitment factor increases by the end of March, then the basic salary of the employees can increase by 50 thousand. With the increase in the fitment …
7th Pay Commission latest update: Government employees have been demanding to increase their fitment factor for a long time. With the increase in fitment factor, there will be a good increase in the salary of the employees. If media reports are to be believed, then the salary may increase before March 31. The government may …
The Central Government gives many types of allowances to its employees. One of these is the Children Education Allowance (CEA). The employees who could not claim the Children Education Allowance in 2020 due to the pandemic have the last chance to get it. Government employees can claim the amount of Children Education Allowance till 31 …
A big gift has been received after Holi for about 7 lakh government employees. Giving a big gift to the government employees, the Madhya Pradesh government has announced a big increase of 11 percent in the dearness allowance. With this announcement, now the salary of government employees of Madhya Pradesh will be 31%. Just a …
7th Pay Commission: Government employees got a big gift, DA increased by 11% Read More »
7th Pay Commission latest update: Central employees who have been demanding to increase the fitment factor for a long time can get good news soon. The central government is going to increase the salary of its employees. According to media reports, the government may soon give its approval for increasing the fitment factor. Central government …
Central Government Employees can get Holi gift before Holi. It is being said that the Modi government is preparing to increase the dearness allowance of central employees (7th Pay Commission DA Hike). This gift can be received even before Holi. It is being claimed that Dearness Allowance can increase by about 3 percent. At present it …
7th pay commission: Central Government can give the gift of Holi to Central Government Employees and pensioners. The cabinet meeting to be held on March 16 can decide on DA (Dearness Allowance – DA). In the meeting, dearness allowance can be increased from 31 percent to 34 percent. This decision of the Narendra Modi government …
7th pay commission: Employees can get gifts on Holi, know what is the government’s plan Read More »
There has been a further increase in the salary of central employees. Because the government has increased one of their allowances. The Central Government has announced to increase the Risk Allowance of Defense Civilian employees. Explain that this allowance is given on the recommendation of the Central Pay Commission and the same also asks for …
7th pay commission: On the occasion of Holi, the happiness of central employees can be doubled. Because this Holi government is going to get a big gift from the central employees (7th pay commission). According to media reports, the salary of central employees will increase from the month of March itself. More than 1 crore …
Union Finance Minister Nirmala Sitharaman said in a post-budget discussion on Monday that the budget for the financial year 2022-23 presented by her on February 1 has been prepared keeping in mind the next 25 years. Which will go a long way in maintaining continuity and providing a tax-friendly regime. Along with this, during the …
Budget 2022 Presents A Roadmap For Next 25 Year: Nirmala Sitharaman Read More »
7th Pay Commission: Good news for central employees, Modi government can give 18 months DA arrears simultaneously The central government can soon give a big gift to the central employees. It is believed that the Central Government is going to clear the 18-month Pending DA of these employees soon. According to the information, a decision …
7th Pay Commission: Government employees in Madhya Pradesh will be given dearness allowance similar to the center from April. This is nothing less than good news for the employees before Holi. Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced on his birthday on Saturday that from April this year, dearness allowance (DA) to government employees …
There has been a big loss in the Dearness Allowance (DA) of 7th pay commission central employees in January 2022. Actually there has been a decrease in AICPI. Due to the fall in the figures, it is believed that it is possible to increase the dearness allowance of the employees in the month of July …
Before Holi, Central Government Employees can get some good news. According to media reports, under the 7th Pay Commission, central government employees can get some additional salary. It is believed that the government can transfer the increased DA hike for the last two months and the balance amount along with March salary. The increase in …
7th Pay Commission: Central employees may get Holi gift, salary may increase Read More »
There has been a loss in the Dearness Allowance (DA) of central employees for January. There has been a decline in the Consumer Price Index (CPI) data for this month. This will have an impact on half yearly growth. According to experts, DA will now increase in July, but index figures have started coming, which …
There has been a loss in the Dearness Allowance (DA) of central employees for January. There has been a decline in the Consumer Price Index (CPI) data for this month. This will have an impact on half yearly growth. According to experts, DA will now increase in July, but index figures have started coming, which …
Union Budget 2022-23 related to Ministry of Defence has given further impetus to Aatmanirbharta in Defence. In this regard, Ministry of Defence has organised a post budget webinar titled ‘Aatmanirbharta in Defence – Call to Action’ on the announcements made in the budget. The objective of the webinar is to involve all the stakeholders in …
Finance Minister Nirmala Sitharaman, while speaking on the budget in Rajya Sabha on Friday, said that the next 25 years are important for India. If no vision is kept for the completion of 100 years (2047) of India’s independence, then the same thing will happen in the last 70 years. He said that we have …
Correction of Anomaly in Section 80CCD with respect to National Pension System (NPS) contributions for state government employees Section 80CCD(2) provides deduction of upto 14% for the contribution made by Central Government for its employees. However, this limit is 10% for State Government employees. Hence to correct this anomaly , Section 80CCD(2) is sought to …
All About Personal Tax Proposals in Union Budget 2022 Read More »
Amendment pertaining to deductibility of expenditure incurred in relation to exempt income Section 14A provides that no deduction of expenditure shall be allowed that is incurred in relation income that does not form part of the total income. It has been proposed to provide Section 14A with the overriding effect over the other contradictory sections …
All About Corporate Tax Proposals in Union Budget 2022 Read More »
Virtual Digital Assets (VDA) Defined (Section 2(47A) A new section 2(47A) is proposed to be inserted by Finance Bill’2022, which defines virtual digital assets to mean any information or code or number or token (not being Indian currency or any foreign currency) generated through cryptography which provides a digital representation of value exchanged with or …
All About Cryptocurrency Taxation Introduced in Budget 2022 Read More »
Proposed changes in GST in Budget 2022 1.) A new clause to Section 16(2) of CGST Act, 2017 is inserted to provide that Input tax Credit with respect to a supply can be availed only if such credit is not restricted by the GSTR 2A/2B returns. Further, Section 16(4) of CGST Act 2017, is amended …
Union Minister for Commerce and Industry, Textiles and Consumer Affairs, Food and Public Distribution, Shri Piyush Goyal today termed the Union Budget 2022-23 as a direction setting budget, addressing both macro-economic and micro-econimic concerns, looking at inclusive development. Speaking at a Public Function to explain the nuances of the Union Budget in Mumbai today, the …
Directorate General of Taxpayer Services, CBIC is organising a webinar on the Indirect Tax proposals in #Budget2022. Date: 3.2.2022 (Thursday)Time: 3.00 PMPlatform: Webex Link 👉 https://t.co/Fs0fIC9D7z Meeting number: 2512 023 0851Meeting password: dgtps@mumbai
Budget 2022 has introduced multiple provisions to boost Atmanirbharta in defence sector. The integrated approach of design & development of defence systems with the participation of industry & academia will revitalise the defence ecosystem. Provision for formation of Special Purpose Vehicle (SPV) for design development & production of major defence equipment will enable concurrent engineering …
Big Boost for Indigenous Development of Defence Systems in Budget 2022 Read More »
The Ministry of Social Justice and Empowerment has formulated a scheme “SMILE – Support for Marginalized Individuals for Livelihood and Enterprise”, which includes sub scheme -‘Comprehensive Rehabilitation for Welfare of Transgender Persons’. One of the components of the sub-scheme is setting up of Garima Grehs (Shelter Home for Transgender Persons) with the aim of setting …