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    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
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August 6, 2026
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Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
August 6, 2026
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Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
August 6, 2026
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Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
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The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
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Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
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Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
August 6, 2026
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Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
August 5, 2026
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Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
August 5, 2026
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Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
August 5, 2026
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Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
August 5, 2026
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On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
August 5, 2026
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Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
August 5, 2026
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Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
August 5, 2026
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Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
August 5, 2026
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Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
August 5, 2026
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Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
August 5, 2026
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Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
August 5, 2026
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Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
August 5, 2026
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Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
August 5, 2026
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Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.

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NITI Aayog Releases SDG India Index and Dashboard 2020–21

June 3, 2021

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The third edition of the SDG India Index and Dashboard 2020–21 was released by NITI Aayog today. Since its inaugural launch in 2018, the index has been comprehensively documenting and ranking the progress made by States and Union Territories towards achieving the Sustainable Development Goals. Now in its third year, the index has become the primary tool for monitoring progress on the SDGs in the country and has simultaneously fostered competition among the States and Union Territories.

NITI  Aayog Vice Chairperson Dr Rajiv Kumar launched the report titled,SDG India Index and Dashboard 2020–21: Partnerships in the Decade of Action, in the presence of Dr Vinod Paul, Member (Health), NITI Aayog, Shri Amitabh Kant, CEO, NITI Aayog, and Ms.Sanyukta Samaddar,Adviser (SDGs), NITI Aayog. Designed and developed by NITI Aayog, the preparation of the index followed extensive consultations with the primary stakeholders-the States and Union Territories; the UN agencies led by United Nations in India;Ministry of Statistics and Programme Implementation (MoSPI), and the key Union Ministries.

“Our effort of monitoring SDGs through the SDG India Index & Dashboard continues to be widely noticed and applauded around the world. It remains a rare data-driven initiative to rank our States and Union Territories by computing a composite index on the SDGs. We are confident that it will remain a matter of aspiration and emulation and help propel monitoring efforts at the international level,”Dr. Rajiv Kumar, Vice Chairman, NITI Aayog said during the launch.

With one-third of the journey towards achieving the 2030 Agenda behind us, this edition of the index report focuses on the significance of partnerships as its theme. Shri Amitabh Kant, CEO, NITI Aayog said, “The report reflects on the partnerships we have built and strengthened during our SDG efforts. The narrative throws light on how collaborative initiatives can result in better outcomes and greater impacts.”

On thetheme of partnerships which is central to Goal 17, Dr. Vinod Paul, Member (Health), NITI Aayog, said,“It is clear that by working togetherwe can build a more resilient and sustainable future, where no one is left behind.”

“From covering 13 Goals with 62 indicators in its first edition in 2018, the third edition covers 16 Goals on 115 quantitative indicators, with a qualitative assessment on Goal 17, thereby reflecting our continuous efforts towards refining this important tool,” said Ms. Sanyukta Samaddar, Adviser (SDGs), NITI Aayog.

NITI Aayog has the twin mandate to oversee the adoption and monitoring of the SDGs in the country, and also promote competitive and cooperative federalism among States and UTs. The index represents the articulation of the comprehensive nature of the Global Goals under the 2030 Agenda while being attuned to the national priorities. The modular nature of the index has become a policy tool and a ready reckoner for gauging progress of States and UTs on the expansive nature of the Goals, including health, education, gender, economic growth, institutions, climate change and environment.

https://static.pib.gov.in/WriteReadData/userfiles/image/image001MLG2.jpg

From right to left: Dr Vinod Paul, Member (Health);Dr Rajiv Kumar,Vice Chairperson; Shri Amitabh Kant, CEO; and Ms. Sanyukta Samaddar, Adviser (SDGs), NITI Aayog

SDG India Index andDashboard 2020–21: An Introduction to the Third Edition

The SDG India Index 2020–21, developed in collaboration with the United Nations in India, tracks progress of all States and UTs on 115 indicators that are aligned to MoSPI’s National Indicator Framework (NIF). The initiative to refine and improve this important tool with each edition has been steered by the need to continuously benchmark performance and measure progress, and to account for the availability of latest SDG-related data on States and UTs. The process of selecting these 115 indicators included multiple consultations with Union Ministries. Feedback was sought from all States and UTs and as the essential stakeholder and audience of this localisation tool, they played a crucial role in shaping the index by enriching the feedback process with localised insights and experience from the ground.

The SDG India Index 2020–21 is more robust than the previous editions on account of wider coverage of targets and indicators with greater alignment with the NIF.The 115 indicators incorporate16 out of 17 SDGs, with a qualitative assessment on Goal 17,andcover 70 SDG targets. This is an improvement over the 2018–19 and 2019–20 editions of the index, which had utilised 62 indicators across 39 targets and 13 Goals, and 100 indicators across 54 targets and 16 Goals, respectively. 

https://static.pib.gov.in/WriteReadData/userfiles/image/image002V4Z4.jpg

The SDG India Index computes goal-wise scores on the 16 SDGs for each State and Union Territory. Overall State and UT scores are generated from goal-wise scores to measure aggregate performance of the sub-national unit based on its performance across the 16 SDGs. These scores range between 0–100, and if a State/UT achieves a score of 100, it signifies it has achieved the 2030 targets. The higher the score of a State/UT, the greater the distance to target achieved.

States and Union Territories are classified as below based on their SDG India Index score:

  • Aspirant: 0–49
  • Performer: 50–64
  • Front-Runner: 65–99
  • Achiever: 100

 

https://static.pib.gov.in/WriteReadData/userfiles/image/image003VG71.jpg

 

Overall Results and Findings

The country’s overall SDG score improved by 6 points-from 60 in 2019 to 66 in 2020–21. This positive stride towards achieving the targets is largely driven by exemplary country-wide performance in Goal 6 (Clean Water and Sanitation) and Goal 7(Affordable and Clean Energy), where the composite Goal scoresare 83 and 92, respectively.

Goal-wise India results, 2019–20 and 2020–21:

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The top-fiveand bottom-fiveStates in SDG India Index 2020–21:

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Performance and Ranking of States and UTs on SDGs 2020–21, including change in score from last year:

https://static.pib.gov.in/WriteReadData/userfiles/image/image006JTWS.jpg

https://static.pib.gov.in/WriteReadData/userfiles/image/image007XM1X.jpg

Mizoram, Haryana, and Uttarakhand are the top gainers in 2020–21in terms of improvement in score from 2019, with an increase of 12, 10 and 8 points, respectively.

Top Fast-Moving States (Score-Wise):

 

https://static.pib.gov.in/WriteReadData/userfiles/image/image0082BPP.jpg

While in 2019, ten States/UTs belonged to the category of Front-Runners (score in the range 65–99, including both) twelve more States/UTs find themselves in this category in 2020–21. Uttarakhand, Gujarat, Maharashtra, Mizoram, Punjab, Haryana, Tripura, Delhi, Lakshadweep, Andaman and Nicobar Islands, Jammu and Kashmir and Ladakh graduated to the category of Front-Runners (scores between 65 and 99, including both).

https://static.pib.gov.in/WriteReadData/userfiles/image/image009CVDV.jpg

https://static.pib.gov.in/WriteReadData/userfiles/image/image0105R60.jpghttps://static.pib.gov.in/WriteReadData/userfiles/image/image011PHAO.jpg

Asection of the SDG India Index report is dedicated to all the 36 Statesand UTs of the country. These State and UT profiles will be very useful for policymakers, scholars and the general public, to analyse the performance on the 115 indicators across all Goals.

Sample of a State/UT profile from the report:

https://static.pib.gov.in/WriteReadData/userfiles/image/image012R6JG.jpg

It is followed by a unique section on the progress on SDG localisation in States and Union Territories. It provides an update on the institutional structures, SDG vision documents, State and District Indicator Frameworks and other initiatives taken by the State and UT governments.

https://static.pib.gov.in/WriteReadData/userfiles/image/image013Y892.jpg

The SDG India Index2020–21 is also live on an online dashboard, which has cross-sectoral relevance across policy, civil society, business, and academia. The index is designed to function as a tool for focused policy dialogue, formulation and implementation through development actions,which are pegged to the globally recognisable metric of the SDG framework.The index and dashboard will also facilitate in identifying crucial gaps related to tracking the SDGs and the need for India to develop its statistical systems at the State/UT levels.As another milestone in the SDG localisation journey of the country, the Index is presently being adapted and developed by NITI Aayogat the granular level of districts for the upcoming North Eastern Region District SDG Index.

A snapshot of the SDG India Index 2020–21 dashboard:

https://static.pib.gov.in/WriteReadData/userfiles/image/image014Q7QF.jpg

NITI Aayog has the mandate for coordinating the adoption and monitoring of SDGs at the national and sub-national levels. The SDG India Index and Dashboard represents NITI Aayog’s efforts inencouraging evidence-based policymaking by supporting States and UTs to benchmark their progress, identify the priority areas and share good practices.

https://static.pib.gov.in/WriteReadData/userfiles/image/image015OU5B.jpg

The full SDG India Index report can be accessed here: https://wgz.short.gy/SDGIndiaIndex

The interactive dashboard can be accessed here: http://sdgindiaindex.niti.gov.in/

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