« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  Finmin wants states to take bigger share of Central schemes... PAN deadline prompts demat closures... » `Revenue loss from SEZs still valid` September, 20th 2006 Finance Minister P Chidambaram today said his ministrys concerns over revenue loss in the long run due to proliferation of special economic zones still stood. All that the finance ministry has said is there must be some caution in approving SEZs because in the long run revenues could see a serious shift, he said on the sidelines of the annual World Bank-IMF meeting here. This point still remains and a group of ministers promised us that they will carefully watch the progress of SEZs and review the policy if and when it becomes necessary. So that is where it stands, Chidambaram said. However, the finance minister refused to be drawn into a controversy with the IMF Chief Economist Raghuram Rajan over his remarks that special economic zones, particularly in the IT sector, are being set up to take advantage of tax sops. There were reports of serious differences between the commerce and finance ministries, which sees SEZs as revenue rip-offs. I am not getting into a debate between Raghuram Rajan and the commerce ministry. Parliament has passed the law and we welcome SEZs, Chidambram said. The Commerce Ministry is now reported to be open to capping the number of IT special economic zones, provided the Finance Ministry is willing to continue the tax sops given to Software Technology Parks of India (STPIs) beyond FY09.