Amid Opposition allegations that the Government had given the short shrift to the middle class and was taxing it heavily, Finance Minister Nirmala Sitharaman Wednesday said in the Lok Sabha that a number of tax relief measures had been taken for the middle class. She also denied charges that the corporates were being taxed less than earlier. “Several members have spoken about the tax burden on middle class. In 2023, the slabs for personal income tax were significantly liberalised. All taxpayers had reduced liability of `37,500. We have again revised…
Tag: Bill
Authority Can’t Issue Detention Order If Valid GST E-Way Bill Exists in Physical or Electronic Form
While quashing the detention order the Madurai Bench of Madras High Court ruled that if an invoice, bill of supply, delivery challan, or bill of entry and a valid e-way bill in physical or electronic form for verification are available, then no action may be initiated. It was remarked by the bench of Justice S.Srimathy that the respondent department issued the notice carried the inspection on the identical day and passed the order on the identical day. Under the mentioned provisions the respondent’s department would required to allot the time…
Bill seeks to expand NDMA role, fails to strengthen its status | Explained News
Last week, the government introduced a Bill in Parliament seeking to amend the Disaster Management Act, 2005. It proposes to make important changes in the Act, aimed mainly at improving the operational efficiencies in responding to a natural disaster. The Bill seeks to significantly expand the role and responsibilities of the National Disaster Management Authority (NDMA), especially in guiding state governments and organs of the Centre in dealing with disasters. However, it misses the opportunity to upgrade and strengthen the institutional status of NDMA. This would have empowered the body…
Sweeping terms in draft broadcast Bill raise red flags on free speech | India News
Expanding its remit from OTT content and digital news to include social media accounts and online video creators; defining a “digital news broadcaster” in sweeping terms; requiring prior registration with government to prescribing standards for content evaluation, the latest draft of the Broadcasting Services (Regulation) Bill, 2024, raises several questions on the freedom of speech and expression and the government’s powers to regulate it. The Bill, which seeks to replace the 1995 Cable Television Networks (Regulation) Act, deals with television broadcasting. In November last year, the Ministry of Information and…
Different Address in GST E-Way Bill Attributable to Human Error, No Intentional Wrongdoing
The Allahabad High Court in a ruling, addressed an issue related to the E-way bill under the Goods and Services Tax (GST). The court remarked that furnishing a different address in the E-way bill rather than the consignee’s address can be attributed to human error. Mentioning the absence of intent to evade tax, the court quashed the order. It was observed by the bench of Justice Piyush Agrawal that no finding was recorded by any of the councils below that there was a mens rea to evade tax payment. Even…
BJP MLA Bajpai opposes UP govt Bill on Nazul land | Lucknow News
Taking all by surprise in the UP Assembly, BJP MLA from Prayagraj Harshvardhan Bajpai on Wednesday spoke against his government’s Bill preventing the conversion of Nazul land into private freehold. His objections put the treasury benches in an awkward situation with the Parliamentary Affairs Minister Suresh Khanna making an intervention while Bajpai was speaking. “Aap samajh nahi rahein ho. Pahle padh toh lo (You are not getting it. First, go through it,” Khanna told Bajpai. Under the UP Nazul Property Bill, 2024, Nazul land — land owned by the government…
A Senate Retirement Bill? religious education.
[ad_1] Senate Finance will mark a retirement savings bill today. Chair Ron Wyden released tomorrow president’s mark And the committee will consider the measure today. The bill, called the Enhancing American Retirement Now (EARN) Act, includes several changes to the tax treatment of retirement savings and withdrawals. The House had passed a similar bill earlier this year. US Supreme Court: Maine’s teaching aid program cannot exclude religious schools. The High Court ruled that the state program was unconstitutional because it provides Vouchers for private non-sectarian and public school tuitionBut schools…
Bill to limit cryptocurrency mining passes New York Legislature
[ad_1] New York lawmakers have passed a landmark environmental measure designed to put the brakes on the spread of cryptocurrency mining operations that burn fossil fuels. Both supporters and opponents say the bill, approved by the state Senate early Friday, is the first of its kind in the US. If it becomes law, it would establish a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive “proof-of-work” cryptocurrency mining. A term for one that records and secures transactions in bitcoin and similar digital…