SIGN IN SUBSCRIBE

News Update

6 burnt to death as bus catches fire after ramming into lorry in APIndian exports in April month registers 6.9% growthUnion Minister Jyotiraditya Scindia’ mother passes away after month-long treatment at AIIMSGovt consults stakeholders on protection of consumers from online fake reviewsTo promote cruise-ship tourism China allows visa-free entry of foreign touristsErroneous RefundModern Money Maze: Life Insurance or Annuity for Tax Advantage?I-T- Assessment order quashed where passed without considering assessee's request for adjourment seeking additional time to file reply to Show Cause Notice: HCGovt issues alert against incidents of 'Blackmail' by Cyber Criminals impersonating agenciesI-T- Re-assessment invalidated where assessee makes full & true disclosure of material facts necessary for assessment & where AO has no new tangible evidence: HCECI's second suo motu report on two month's enforcement of MCCIndia walls off 1000 Skype IDs used by cyber criminalsI-T - There cannot be any justification for allowing a deduction u/s 37(1) or u/s 28, of write-off of amount paid on encashment of this corporate guarantee: ITATGoogle to provide AI-powered answers in search: PichaiDefence Secy inaugurates midget submarine prototype & solar electric hybrid boat8 farmworkers die in Florida as bus rams into pickup truckI-T-If an expenditure has no connection with exempt income, then such expenditure cannot be disallowed u/s 14A: ITATTesla to lay off 600 more employeesUntimely demise of Sushil Modi; TIOL Knowledge Foundation loses a passionate patronPro-Palestine protesters wind up encampment at Harvard Univ
 
15th Finance Commission interacts with Chairmen of previous Commissions

By TIOL News Service

NEW DELHI, OCT 29, 2020: TOWARDS the end of their deliberations, the Chairman, Mr N.K Singh, and Members of the 15th  Finance Commission  yesterday  held a virtual meeting with the Chairmen of previous Finance Commissions, Dr C. Rangarajan, Chairman 12th  Finance Commission and Dr. Vijay Kelkar, Chairman 13th  Finance Commission.

The Chairman Mr N K Singh began the meeting by calling it “A representation of our federal history over the past 20 years and over next five years given the award of the 15th  Finance Commission”.

The Fifteenth Finance Commission (XVFC) is mandated to make their final report for 2021-26 available by 30th  October, 2020. The Commission remains on course to complete their task.

The Chairmen of the previous Finance Commissions appreciated the tough challenge faced by the 15th  Finance Commission, given the background of the Covid-19 pandemic, the resultant loss of economic activity and its impact on fiscal parameters of the general government. The Chairman and Members of the XVFC expressed their gratitude for the insights that they received from the thinking and framework of the previous Finance Commissions and from their deliberations with them. 


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST