TBB BUREAU NEW DELHI, JUNE 5, 2021 Income Tax DepartmentIn a bid to provide convenience, modern and seamless experience to the taxpayers, the Income Tax Department will launch its new e-filing portal www.incometax.gov.in on 7th June, 2021. The new portal will be integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers; all interactions and ...

TBB BUREAU NEW DELHI, JUNE 5, 2021  India’s gross Good and Services Tax (GST) revenue collections remained above the psychological mark of Rs 1 lakh crore, clocking a high of Rs 1,02,709 crore in May 2021. The revenues for the month of May 2021 are 65 per cent higher than the GST revenues in the corresponding month last year. During ...

TBB BUREAU NEW DELHI, JUNE 5, 2021 India has advanced the target date for achieving 20 per cent ethanol-blending in petrol by five years to 2025, Prime Minister Narendra Modi said on Saturday Speaking at the release of ethanol blending road map 2020-25 on the occasion of World Environment Day today, Modi said “the target for mixing 20 per cent ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 As many as 50,000 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) till date, an official statement said today. Startup India is a flagship initiative of the government launched on January 16, 2016. The initiative is intended to catalyse a startup culture and build a strong ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 Union Commerce Secretary Dr Anup Wadhawan on Thursday said that India’s export performance continues to be impressive, with provisional data of merchandise exports in May 2021 showing a significant growth of 67.39 per cent over May 2020 level and 7.93 per cent over May 2019 level. Talking to media, he said that Merchandise ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 The COVID pandemic and sluggish overseas markets cast their shadow over India’s resurgent seafood sector as the country exported 11,49,341 MT of marine products worth Rs 43,717.26 crore (US$ 5.96 billion) during FY 2020-21, registering a contraction of 10.88 per cent as compared to a year earlier. USA, China and the European Union ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 The Asian Development Bank (ADB) and the Government of India today signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim that will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the northeastern state. ...

TBB BUREAU NEW DELHI, MAY 31, 2021 Following the recommendations of the GST Council, the Centre has extended the deadline to file GST returns for May by 15 days till June 26. The GST Council, in its 43rd meeting on May 28, had decided to extend certain compliance relaxations on account of Covid-19. The Central Board of Indirect Taxes and ...

TBB BUREAU GURUGRAM, MAY 31, 2021 BMW Group India on Monday launched the new BMW X7 M50d ‘Dark Shadow’ Edition. Limited units of the exclusive edition can now be booked at shop.bmw.in. The model is available in India as a completely built-up unit (CBU). Launching the new model, Vikram Pawah, President, BMW Group India said, “The BMW X7 is a ...

TBB BUREAU NEW DELHI, MAY 12, 2021 The Union government on Wednesday approved the procurement of 1.5 lakh units of ‘Oxycare’ system developed by the Defence Research and Development Organisation (DRDO) to help in the treatment of COVID-19 patients. The ‘Oxycare’ systems will be procured at a cost of Rs 322.5 crore using the PM-Cares Fund, according to the Defence ...