Entrepreneurship Development and Employment Generation (EDEG) Scheme

Entrepreneurship Development and Employment Generation (EDEG) Scheme

The Entrepreneurship Development and Employment Generation (EDEG) Scheme is a government initiative aimed at promoting entrepreneurship and creating employment opportunities, particularly for the youth, women, and marginalized sections of society. The scheme focuses on fostering skill development, providing financial assistance, and creating an enabling environment for entrepreneurship to thrive. Objective of the EDEG Scheme Promote […]

Prime Minister highlighted Pivotal Role of ONDC in Revolutionizing Digital Commerce

Prime Minister highlighted Pivotal Role of ONDC in Revolutionizing Digital Commerce

Open Network for Digital Commerce (ONDC), a public online network for merchants and customers, allows e-commerce platforms to interconnect and interoperate. The Open Network for Digital Commerce (ONDC) is a transformative initiative by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India aimed at democratizing digital commerce. Launched in April 2022,

Farm Pond (Khet Talai) Nirman Karyakram

Farm Pond (Khet Talai) Nirman Karyakram

The Farm Pond Construction Program, initiated on April 1, 2020, by the Rajasthan Agriculture Department, offers a solution to addressing a critical challenge of water scarcity for Rajasthan’s farmers . This program allows farmers to establish farm ponds, essentially rainwater collection structures, for irrigation purposes. Recognizing the program’s significance, the state government provides subsidies to

e-Nivaran

e-Nivaran

The Income Tax department to promote the paperless environment launched  ‘e-Nivaran’, a special electronic system to fast-track taxpayer grievances and ensure early resolution or redressal of their complaints. A separate and dedicated window for grievance redressal in the Income Tax Business Application (ITBA), from now, this recently launched new smart electronic platform will handle the

PM SVANIDHI

PM SVANIDHI

PM SVANidhi stands for Prime Minister Street Vendor’s AtmaNirbhar Nidhi. It is a central sector scheme launched in June 2020. It aims to provide micro-credit facilities to street vendors affected due to COVID-19 pandemic. Full-Form of PM SVANidhi Prime Minister Street Vendor’s Atmanirbhar Nidhi Launch Date 1st June 2020 Under which government ministry? Ministry of

Section 3 – Taxation Laws (Amendment) Act, 2017

Insertion of new sections 108A and 108B In the Customs Act, after section 108, the following sections shall be inserted, namely:— “108A. Obligation to furnish information.— (1) Any person, being— (a)   a local authority or other public body or association; or (b)   any authority of the State Government responsible for the collection of value

Leave Travel Allowance

Leave Travel Allowance

Leave Travel Allowance is a tax-free allowance employers offer employees as part of their salary component. Under this allowance, the costs incurred by the employee on taking a trip for leisure purposes are allowed as a tax-free expense. Employees can, therefore, take a leave from work and travel on vacation, and the costs incurred would

Section 2 – Taxation Laws (Amendment) Act, 2017

Amendment of section 2 In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 2, in clause (11), after the words “the area of a Customs station”, the words “or a warehouse” shall be inserted. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing

Section 1 – Taxation Laws (Amendment) Act, 2017

Short title and commencement 1. (1) This Act may be called the Taxation Laws (Amendment) Act, 2017. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act and any reference in any such

Due Dates for E-Filing of TDS & TCS Returns for FY 2024-25

Due Dates for E-Filing of TDS & TCS Returns for FY 2024-25

Find TDS/ TCS return due dates with the time period and last date for filing for AY 2025-26 (FY 2024-25). TDS stands for tax deduction at source while TCS stands for tax collected at source. As per the Income-tax Act, if any person makes a payment to the receiver, then TDS is required to be deducted at