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Date for filing of declaration under PMGKY extended up

Government decides to allow declarants to make deposits on one or more occasions in...

Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016; Government decides to allow declarants to make deposits on one or more occasions in the PMGKDS, 2016.The Government of India, in consultation with the...
Budget 2017 takes Steps to discourage Cash transactions & curb Black Money

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) has commenced on 17th December, 2016 and is...
Budget 2017 takes Steps to discourage Cash transactions & curb Black Money

Income Tax Searches lead to Admission of Undisclosed Incomes of Rs. 2600 Crore since...

Income Tax Searches lead to Admission of Undisclosed Incomes of Rs. 2600 Crore since 8th November, 2016.The Income Tax Department has continuously been carrying out investigations since the de-monetisation of Old High Denomination (OHD)...
Action Against Tax Evaders

Taxation Laws (Second Amendment) Act, 2016 came into force on 15th December, 2016

Taxation Laws (Second Amendment) Act, 2016 came into force yesterday i.e. 15th December, 2016 and rules notified today and placed in public domain; The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 introduced...
Budget 2017 takes Steps to discourage Cash transactions & curb Black Money

Demonetisation: Withdrawal Cap No Violation of Fundamental Rights: Karnataka HC

Demonetisation: Withdrawal Cap No Violation of Fundamental Rights: Karnataka HC THESE WRIT PETITIONS ARE FILED UNDER ARTICLE 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE CLAUSE MO.2 (vM OF THE NOTIFICATION...
Boost to Digital Payments Promotion on Ambedkar Jayanti

Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog...

Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog and former Finance Secretary submits its Final Report to the Union Finance Minister Shri Arun Jaitley todayThe Committee on Digital Payments...
Budget 2017 takes Steps to discourage Cash transactions & curb Black Money

Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai,...

Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and AhmedabadIncome tax investigations at Mumbai led to the revelation of a syndicate of ground level operators active in...
Budget 2017 takes Steps to discourage Cash transactions & curb Black Money

Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the...

Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016; More than Rs. 130 crore in cash and jewellery seized and...
Budget 2017 takes Steps to discourage Cash transactions & curb Black Money

Government of India takes policy decisions to encourage cashless/electronic transactions

Government of India takes policy decisions to encourage cashless/electronic transactions; Asks the Government employees to take the lead and maximize the usage of Debit Cards for personal related transactions instead of cash In the recent...
Date for filing of declaration under PMGKY extended up

Verification of High Value Suspicious Declarations made under the IDS 2016

Verification of High Value Suspicious Declarations made under the IDS 2016 An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or assetcould be made by agreeing...

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