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The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016.

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 Ahmedabad Income tax investigations at Mumbai led to the revelation of a syndicate of ground level operators active in...
The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016.

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...
The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016.

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...
Verification of High Value Suspicious Declarations made under the IDS 2016

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...
The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016.

Tax Investigations unearth mis-use of Jan-Dhan Accounts

Tax Investigations unearth mis-use of Jan-Dhan Accounts; Account holders once again urged by CBDT not to consent to any kind of mis-use of their accounts which would expose them to the dangers of being...
Various points clarified with respect to gold jewellery and ornaments

Various points clarified with respect to gold jewellery and ornaments

Various points clarified with respect to gold jewellery and ornaments; No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance. In order to remove...
Various points clarified with respect to gold jewellery and ornaments

Government clarifies on Jewellery holding under Taxation Laws (Second Amendment) Bill, 2016

Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws (Second Amendment) Bill, 2016,...
The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016.

Sarpanches should help usher in cashless village economy-Tomar

Sarpanches should help usher in cashless village economy-Tomar The Union Minister for Panchayati Raj and Rural Development Shri Narendra Singh Tomar said that the Country is witnessing a huge transformation in the wake of de-monetisation...
NITI Aayog leads initiative to convert 100% Government - Citizen Transactions to the digital platform

NITI Aayog leads initiative to convert 100% Government – Citizen Transactions to the digital...

NITI Aayog leads initiative to convert 100% Government - Citizen Transactions to the digital platform New Delhi: In a transformative attempt to weed out black money and corruption from public life, the Government of India...
The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016.

Certain other exemptions continued till 15th December, 2016 with certain additions and modifications.

After due consideration of all relevant aspects, the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character of old Rs. 500 and Rs. 1000...

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