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Operation Clean Money by IT Dept gets overwhelming response.

Central Board of Direct Taxes (CBDT) signs four more unilateral Advance Pricing Agreements (APAs).

Central Board of Direct Taxes (CBDT) signs four more unilateral Advance Pricing Agreements (APAs). The Central Board of Direct Taxes (CBDT),Department of Revenue, Ministry of Finance has entered into four more unilateral Advance Pricing Agreements...
Government decides to allow declarants to make deposits on one or more occasions in the PMGKDS, 2016

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...
Operation Clean Money by IT Dept gets overwhelming response.

New Benefits announced for NPS Subscribers in Union Budget 2017-18

New Benefits announced for NPS Subscribers in Union Budget 2017-18 In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid...
Operation Clean Money by IT Dept gets overwhelming response.

Finance Minister reduces the tax rate from 10 to 5 per cent for individual...

Finance Minister reduces the tax rate from 10 to 5 per cent for individual income between Rs 2.5 to Rs 5 lakh. Finance Minister appeals to all citizens to contribute to Nation Building by making...
Operation Clean Money by IT Dept gets overwhelming response.

Finance Minister announces several measures for revenue mobilization in the General Budget 2017-18 along...

Finance Minister announces several measures for revenue mobilization in the General Budget 2017-18 along with a reduction in tax rates for small tax payers In a major relief to small taxpayer and to bring more...
Operation Clean Money by IT Dept gets overwhelming response.

Finance Minister announces several anti graft and rationalisation measures in the field of Income...

Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Minister’s Relief Fund and the Lieutenant Governor’s...
Making Digital Payments a Mass Movement in India.

Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs...

Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh Government to launch schemes to promote BHIM app, Aadhar Enabled Payment System Mission to be set-up to achieve a target...
Operation Clean Money by IT Dept gets overwhelming response.

Finance Minister unveils string of measures towards Ease of Doing Business

Finance Minister unveils string of measures towards Ease of Doing Business Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore; Threshold for maintenance of books for individuals and...
Operation Clean Money by IT Dept gets overwhelming response.

Income Tax Department (ITD) launches Operation Clean Money

Income Tax Department (ITD) launches Operation Clean Money Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th...
Operation Clean Money by IT Dept gets overwhelming response.

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards.  The necessary procedures for...

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