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Advantages of advancing date of Union Budget to 1st February
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHAUNSTARRED QUESTION NO: 2882ANSWERED ON: 02.12.2016Presentation of the Union BudgetDHARAM VIRA GANDHIWill the Minister FINANCEofbe pleased to state:-(a) w...
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Additional deduction of Rs. 50000 for NPS Investment
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHAUNSTARRED QUESTION NO: 2813ANSWERED ON: 02.12.2016Relaxing of NPS NormsBHEEMRAO BASWANTHRAO PATILWill the Minister FINANCEofbe pleased to state:-(a) whet...
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Step to encourage Tax compliance without Harassment by IT Department
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHAUNSTARRED QUESTION NO: 2894ANSWERED ON: 02.12.2016Harassment by IT DepartmentJOSE K. MANIWill the Minister FINANCEofbe pleased to state:-(a) whether the...
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Income Tax Dept Suo- Moto takes Action on SEBI Investigation Report
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHAUNSTARRED QUESTION NO: 2911ANSWERED ON: 02.12.2016Tax DuesVEENA DEVIWill the Minister FINANCEofbe pleased to state:-(a) whether the Securities and Exchan...
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Disclosure of information of Income Tax Evaders
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHAUNSTARRED QUESTION NO: 2875ANSWERED ON: 02.12.2016Tax EvadersLAXMI NARAYAN YADAVWill the Minister FINANCEofbe pleased to state:-a) whether Disclosure of...
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Utilisation of Funds of IDS 2016 to be firmed up after 30.09.2017
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHAUNSTARRED QUESTION NO: 2984ANSWERED ON: 02.12.2016Utilisation of Funds of IDS 2016CHANDRAKANT BHAURAO KHAIREJAYADEV GALLA VEENA DEVIWill the Minister FIN...
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IDS 2016- Department verifying HIgh Value suspicious declarations
Press Information BureauGovernment of IndiaMinistry of Finance04-December-2016 16:02 ISTVerification of High Value Suspicious Declarations made under the IDS 2016An Income Declaration Scheme (IDS) was...
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Guidance Note on FATCA and CRS updated till 30.11.2016
Guidance Note on FATCA and CRS updated till 30.11.201 GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESFOREIGN TAX & TAX RESEARCH DIVISIONUpdated as on 30th Nove...
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Income Tax Investigations Unearth Mis-use of Jan-Dhan Accounts
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 02 December, 2016.PRESS RELEASESub : Income Tax Investigations Unearth Mis-use of Jan-Dhan AccountsTa...
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Procedure for furnishing and verification of Form 26A
F. No. DGIT(S)/CPC(TDS)/NOTIFICATION/2016 -17Government of IndiaMinistry of FinanceCentral Board of Direct TaxesDirectorate of lncome Tax (Systems)New Delhi.Notification No. 11/2016New Delhi, 2nd Dece...
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Income Tax Notification No. S.O. 3592(E), Dated: 30.11.2016
Income Tax Notification No. S.O. 3592(E), Dated: 30.11.201 MINISTRY OF FINANCE(Department of Revenue)NOTIFICATIONNew Delhi, the 30th November, 2016S.O. 3592(E).—Whereas by notifications of the Governm...
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New Black Money Scheme
Section 115BBE (Tax Treatment of Unexplained Cash): The following comparison will make it easier for you to understand the tax treatment in case of depositing unaccounted money and declaring it in you...
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No tax on jewellery acquired-out of disclosed sources or exempt income
Press Information BureauGovernment of IndiaMinistry of Finance01-December-2016 15:58 ISTGovernment clarifies that the apprehension sought to be created that the jewellery with the household which is a...
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No Limit on gold jewellery & ornaments holding from explained sources
Press Information BureauGovernment of IndiaMinistry of Finance01-December-2016 18:24 ISTVarious points clarified with respect to gold jewellery and ornaments; No limit on holding of gold jewellery or...
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Reduction in Coupon Rate on 54EC Bonds from 6% P.A. to 5.25% P.A.
NATIONAL HIGHWAYS AUTHORITY OF INDIAAn autonomous body under Ministry of Road Transport & Highways,Government of IndiaG-5 & 6, Sector-10, Dwarka, New Delhi-110075NOTICEReduction in Coupon Rateon 54EC...
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Complete Analysis of Taxation Laws (Second Amendment) Bill, 2016
1. proposed scheme Scheme namely, ‘Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY) has been proposed in the Bill.The declarant under this regime shall be required...
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Section-wise analysis of Pradhan Mantri Garib Kalyan Yojana, 2016
199C1. Any person may make a declaration in respect of any income, in the form of cash or deposit in an account maintained by the person with specified entity on or before 01.04.2017.2. No deduction w...
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CBDT notifies rules for calculation of time period for Property declared: IDS, 2016
MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATION No. 108/2016-INCOME TAXNew Delhi, the 29th November, 2016G.S.R. 1100(E).—In exercise of the powers conferred by cl...
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CBDT notifies forms & rules to furnish statement of income distributed by securitization trust
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATION No. 107/2016New Delhi, the 28th November, 2016INCOME-TAXS.O. 3573(E).-In exercise of the powers conferred by secti...
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Benami Transactions in nutshell
All you need to know about Benami Transactions With the Government bringing de-monetisation to curb black money. It has also been said by the Prime Minister that the next target of the Govt. would be...