Ministry of FinanceVerified account

@FinMinIndia

Official Account of the Ministry of Finance, Government of India.

New Delhi
Joined July 2014

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  1. CBDT takes more steps to ensure greater transparency in Tax Administration & improve service delivery by bringing in concept of Document Identification Number(DIN). Circular no19/2019 issued.Lays down parameters specifying manner of dealing with 'communication' issued to assessee

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  2. CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of Document Identification Number. For more Details:

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  3. Dr. Bibek Debroy, Chairman and Shri Ratan P. Watal, Member Secretary, Economic Advisory Council to the Prime Minister (EAC-PM) called upon Union Minister of Finance and Corporate Affairs Smt in New Delhi today.

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  4. MoS welcomed views of young entrepreneurs & expressed that he would "continue to follow a multi-stakeholder approach towards policy making while taking into account the feedback of industry and citizens at large."

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  5. Young Entrepreneurs across sectors, industry& states called on MoS The entrepreneurs expressed their appreciation for Govts systemic reforms & budgetary measures to incentivise their industry. They highlighted sectoral issues, challenges & areas of opportunities.

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  6. Young entrepreneurs from different states representing sectors such as Textiles, Steel, Rubber, Auto Industry, Real Estate etc called upon Minister of State for Finance and Corporate Affairs Shri in New Delhi today.

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  7. Government issues Scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs. For more details:

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  8. This would provide liquidity to the NBFC Sector and, in turn, enable them to continue to play their role in meeting the financing requirements of the productive sectors of economy including MSME, retail and housing.

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  9. Govt. has issued the Scheme to implement the announcement in the Budget Speech for 2019-20 to provide a one-time partial credit guarantee to public sector banks for purchase of pooled assets of financially sound NBFCs.

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  10. CBDT rebuts incorrect reports in media about Income Tax notices issued to Durga Puja Committees in Kolkata recently.The said reports are factually incorrect and are strongly denied. No notice was issued to the Durga Puja Committee Forum by the Department during this year.

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  11. CBDT rebuts incorrect reports about Income Tax notices to Durga Puja Committees. For more details:

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  12. No growth is possible if bankers stop taking decisions on day-to-day basis. I reassure the banking fraternity that all their decisions taken in good faith with sound business rationale would not face any witch hunt: Hon'ble PM Shri

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  13. The vision for the next five years is to have investment-led growth. We are targeting Rs 100 lakh crore worth of investment in the coming five years: Hon'ble PM Shri

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  15. CBDT simplifies procedure for scrutiny assessment (2/2)

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  16. CBDT simplifies procedure for scrutiny assessment (1/2)

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  17. Minister of Finance & Corporate Affairs Smt. , MoS (I/C) for Housing & Urban Affairs Shri and MoS for Finance & Corporate Affairs Shri chaired the meeting with the representatives of home buyers.

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  18. DPIIT recognised Startups(having Form-2)whose cases are under scrutiny on multiple issues incl issue of Sec56(2)(viib),this issue will not be pursued in assessment;inquiry on other issues to be done byAO only after approval of supervisory authority

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  19. In case of DPIIT recognised Startups(having Form-2),whose cases are under “limited scrutiny” on single issue of applicability of Sec 56(2)(viib),the contention of the Startup will be accepted as such.

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  20. CBDT has simplified & relaxed the process of assessment in respect of Startups.Through a series of Circulars issued recently,CBDT has simplified &laid down the procedure for scrutiny assessment of Startups including cases where scrutiny is pending

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