Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act : Benami properties of more than Rs. 3,500 crore in more than 900 cases attached Posted On: 11 JAN 2018 12:54 PM by PIB Delhi Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in more than 900
Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.2% up to December, 2017 Posted On: 09 JAN 2018 11:31AM by PIB Delhi The provisional figures of Direct Tax collections up to December, 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period of last year.
The Central Government notifies the Companies (Amendment) Act, 2017 Posted On: 08 JAN 2018 11:20 AM by PIB Delhi The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint
Insolvency Bankruptcy Board of India publishes syllabus and other details of educational courses and valuation examinations Posted On: 01 JAN 2018 2:42PM by PIB Delhi The Central Government notified the commencement of section 247 (relating to valuers) of the Companies Act, 2013 with effect from 18th October, 2017. It also notified the Companies (Registered Valuers
Increase in number of tax payers post demonetization Posted On: 22 DEC 2017 4:19 PM by PIB Delhi During the period from November 2016 to March 2017, the Income-tax Department (ITD) conducted searches on around 900 groups, wherein undisclosed income of over Rs. 7,900 crores was admitted. During the same period, more than 8200 surveys
Release of Income Tax Return Statistics for AY 2015-16. Posted On: 20 DEC 2017 12:24 PM by PIB Delhi In continuation of its efforts to place more and more information in public domain, the Central Board of Direct Taxes(CBDT) has released data relating to distribution of income and tax payable in respect of returns filed
Measures taken by Government to Control and Curb Parallel Economy and Unaccounted Transactions Posted On: 19 DEC 2017 5:17PM by PIB Delhi The Government has taken several measures to effectively control and curb the prevalence of parallel economy and unaccounted transactions. Major steps in this regard constitute:- 1. Enactment of the Black Money (Undisclosed Foreign
The 24th GST Council Meeting held today through video conferencing decides that Inter-State e-way Bill to be made compulsory from 1st of February, 2018; The System to be ready by 16th of January, 2018; The Uniform System of e-way Bill for Inter-State as well as Intra-State movement will be implemented across the country by 1st June,
Insolvency and Bankruptcy Board of India issues Guidelines for Technical Standards for Core Services Based on recommendations of the Technical Committee, the Insolvency and Bankruptcy Board of India (IBBI) has laid down the Technical Standards for the performance of Core Services for the following matters under Regulation 13 of the IBBI (Information Utilities) Regulations, 2017: standard terms
Extension of deadline till 31.3.18 for submission of Aadhaar number, and Permanent Account Number or Form 60 by client to the reporting entity After considering various representations received and inputs received from Banks, it has been decided to notify 31st March, 2018 or six months from the date of commencement of account based relationship by
