1.The government on Friday agreed to compile a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year.2.The government has decided to raise the maximum time limit below which a firm would be deemed eligible for angle tax exemption from present 7 years… Continue reading Startups to be listed for Angel tax exemption
Category: Daily Factly articles
NATIONAL SECURITY ACT INVOKED AGAINST TWO PERSONS IN M.P FOR ILLEGAL COW TRANSPORT
1.Authorities in Madhya Pradesh Agar Malwa district booked two men under the National security Act for allegedly transporting cattle illegally and disrupted public peace. 2.The National Security Act of 1980 is an act of the Indian Parliament whose purpose is to empower both Central and State Governments to detain a person to prevent him/her from… Continue reading NATIONAL SECURITY ACT INVOKED AGAINST TWO PERSONS IN M.P FOR ILLEGAL COW TRANSPORT
Vet institute, ambulances mooted in Rs. 98 crore Asiatic Lion Conservation Project
The Ministry of Environment, Forest and Climate Change has launched the ‘Asiatic Lion Conservation Project’ . It aims to protect and conserve the world’s last wild population of Asiatic Lion – a species endemic to the Gir, Gujarat. The 3 year long conservation project which has a “Species Conservation over a large landscape” focuses on… Continue reading Vet institute, ambulances mooted in Rs. 98 crore Asiatic Lion Conservation Project
Startups to be listed for angel tax exemption
The Department for Promotion of Industry and Internal Trade (DPIIT) and the Central Board of Direct Taxes (CBDT) soon will come up with a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year Angel tax is imposed on the excess share capital… Continue reading Startups to be listed for angel tax exemption
J&K-based Tehreek-ul-Mujahideen banned: MHA
The home ministry has banned Tehreek-ul-Mujahideen under the Unlawful Activities (Prevention)(UAPA) Act, which has been operating in the Kashmir Valley for promoting terrorism and other subversive activities. UAPA is anti-terrorist law aimed at effective prevention of unlawful activities, associations in India.Its main objective is to make powers available for dealing with activities directed against integrity… Continue reading J&K-based Tehreek-ul-Mujahideen banned: MHA
NGOs call for funds to eliminate tuberculosis
NGOs working towards eliminating tuberculosis have appealed to the Indian government to ensure adequate funding and effective implementation of the National Strategic Plan to End TB. This was done at the a preparatory meeting before the Global Fund’s Sixth Replenishment. The Global Fund to Fight AIDS, Tuberculosis and Malaria (or Global Fund/ GFATM), is an… Continue reading NGOs call for funds to eliminate tuberculosis
Shri Nitin Gadkari to Inaugurate 2nd Phase of River Information System Between Farakka- Patna in Prayagraj Tomorrow
The second phase of river information system (RIS) will be inaugurated between Patna-Farakka stretch of NW-1 in order to boost cargo movement on Ganga. RIS is a form of vessel traffic management using next generation technology. It will help in crisis management and enhanced inland navigation safety by preventing (a) ship-to-ship collisions (b) ship-bridge collisions… Continue reading Shri Nitin Gadkari to Inaugurate 2nd Phase of River Information System Between Farakka- Patna in Prayagraj Tomorrow
Taxpayers, MPs, MLAs can’t avail farm income support
Government has announced income support scheme for farmers in Interim Budget 2019 which envisages the payment of ₹6,000 per annum to marginal and small farmers (each holding cultivable land up to 2 hectares). However, it also exclude some section of the society such as: a) former and present holders of constitutional posts, b) serving and… Continue reading Taxpayers, MPs, MLAs can’t avail farm income support
Only 50% of PAN linked to Aadhaar
Supreme Court ruled that the linking of PAN with Aadhaar is mandatory to file income tax returns from April 1, 2019 onward, it is mandatory for even those who do not need to file returns. According to Section 139AA of the Income Tax Act, not only is PAN mandatory for filing income tax returns but… Continue reading Only 50% of PAN linked to Aadhaar
Government proposed no modification in February 12 circular of the RBI.
The February 12 circular aims at quick reporting of defaults, resolution plan for defaulting companies and a time-bound referral of defaulting companies to the National Company Law Tribunal (NCLT) and makes it mandatory to map an account as NPA even on a single-day default. Power sector companies had challenged the the February 12 circular in… Continue reading Government proposed no modification in February 12 circular of the RBI.
