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No instruction by RBI to issue ATM Slip in Regional Languages
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF FINANCIAL SERVICESLOK SABHAUNSTARRED QUESTION No. 5028TO BE ANSWERED ON 16th DECEMBER, 2016 (FRIDAY)ATM Slip in Regional LanguagesSHRI D.S. RATHOD:W...
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CBDT notifies authority U/s. 138(1)(a) of Income tax Act, 1961
F.No. 225/305/2016/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT)North Block, New Delhi, the 19thof December, 2016OrderIn exercise of powers conferred under section 138(1)(a)...
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Government decides to reduce existing rate of deemed profit U/s. 44AD
Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital meansUnder the existing provisio...
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Response to Common queries of CIT(Appeals) – reg.
Issues raised by CIT (Appeals (Responses are below the issue mentioned)a) Deletion: The ITBA module has no option to delete the duplicate appeals (arising out of various reasons like mentioning of dif...
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Reports on Privilege to political parties are false & misleading
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 17th December 2016.Press ReleaseSub: Clarification of Status of Political Parties under Income Tax Ac...
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No new exemption to Political parties post demonetisation : FM
Statement by Finance Minister Shri Arun JaitleyFollowing is the statement by Union Minister for Finance and Corporate Affairs Shri Arun Jaitley:“Political parties have not been granted any exemption p...
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Pradhan Mantri Garib Kalyan Yojana Rules, 2016
Analysis of Pradhan Mantri Garib Kalyan Yojana Rules, 2016 Major Amendments made in Income Tax post 8th Nov 2016 and Pradhan Mantri Garib Kalyan Yojana Rules, 2016–1. Income-tax (30th Amendment) Rules...
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Corrigendum to Income Tax Notification No. 114/2016
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUMNotification No. 119/2016New Delhi, the 16th December, 2016S.O. 4082(E).—In the notification of Government of India,...
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CBDT notifies authority for section 138(1)(a)(ii) of Income Tax Act, 1961
TO BE PUBLISHED IN PART 11, SUB-SECTION (11) OF SECTION 3 OF THE GAZETTE OF INDIA)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 16th of Decembe...
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Taxation Laws (Second Amendment) Act, 2016 get President’s assent
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (the Scheme)The Taxation Laws (Second Amendment) Bill, 2016, passed by Lok Sabha on 29.11.2016, interalia seeks to introduce...
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Jurisdiction of income-tax authorities under Pradhan Mantri Garib Kalyan Deposit Scheme, 2016
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)NOTIFICATION No. 117/2016New Delhi, the 16th December, 2016S.O.4060(E).– In exercise of the powers conferred by section 199G of the Finance...
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Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana Rules, 2016
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)NOTIFICATION No. 116/2016New Delhi, the 16th December, 2016THE TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA RULES,...
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Pradhan Mantri Garib Kalyan Yojana, 2016 applicable from 17.12.2016
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)New Delhi, the 16th December, 2016NOTIFICATIONS.O. 4058(E). — In exercise of the powers conferred by sub-section (2) of section 199A and su...
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Pradhan Mantri Garib Kalyan Deposit Scheme, 2016
Government of IndiaMinistry of FinanceDepartment of Economic AffairsNew Delhi, dated the December 16, 2016NotificationS.0.4061 (E).—In exercise of the powers conferred by clause (c) of section 199B of...
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CBDT notifies Revised DTAA between India and Cyprus
Completion of Internal Procedures for the RevisedDouble Taxation Avoidance Agreement (DTAA) between India and Cyprus notified; Revised DTAA to come into effect in India in the fiscal year beginning on...
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CBDT enables e-Filing of Form 1 (PMGKY, 2016)
Form 1 (PMGKY, 2016) is available for e-Filing. As per the Pradhan Mantri Garib Kalyan Yojana, 2016, a declaration of income in the form of cash or deposit in an account maintained with a specified en...
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India- Switzerland signs Declaration for Automatic Information Exchange
Press Information BureauGovernment of IndiaMinistry of Finance16-December-2016 17:42 ISTIndia and Switzerland signed the ‘Joint Declaration’ for implementation of Automatic Exchange of Information (AE...
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Post demonetisation 291 Income Tax Raid, 295 Survey & 3000 Notices
Press Information BureauGovernment of IndiaMinistry of Finance16-December-2016 18:59 ISTIncome Tax Searches lead to Admission of Undisclosed Incomes of Rs. 2600 Crore since 8th November, 2016.The Inco...
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Highlights of Taxation Laws (Second Amendment) Act 2016
Salient features of Taxation Laws (Second Amendment) Act 2016 Press Information BureauGovernment of IndiaMinistry of Finance16-December-2016 18:17 ISTTaxation Laws (Second Amendment) Act, 2016 came in...
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195 banks can provide Mobile Banking Services
Press Information BureauGovernment of IndiaMinistry of Finance16-December-2016 17:40 ISTBanking facilities to customersReserve Bank of India (RBI) has given approval to banks for providing mobile bank...