INCOME DECLARARION SCHEME, 2016 (FAQ) - PPT
INCOME DECLARATION SCHEME, 2016
RBI to accept pre-2005 notes only at select branches from July
The Reserve Bank today said it will accept pre-2005 banknotes only at its select branches from tomorrow as majority of
INCOME DECLARATION SCHEME, 2016- PPT
Income declaration scheme
Cash payments to liquor dealers to maintain sufficient quantity of stock doesn't call forsec. 40A(3) disallowance
Where assessee, engaged in business of country liquor, had to make cash payments in excess of prescribed limits to two
No rejection of books due to practice of not issuing sale bills of liquor as this practice prevalent in liquor trade
Where Assessing Officer rejected books of account of liquor business due to non-maintenance of sales records, since pra
Applicability of Income Computation and Disclosure Standards (ICDS) deferred to Ass.Year 2017-18
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS R
I-T dept to scrutinise high value transactions, penny stock trade
Income Tax Department has asked its top officers to closely scrutinise high-value transactions and investments in penny
Catching them young: Income tax deptt will now talk to your kids
Don't be surprised if your kids turn around one day and ask you whether you have paid your income tax. In an effort to
Govt. ready to consider a new Financial Year
CONSTITUTION OF A COMMITTEE TO EXAMINE DESIRABILITY AND FEASIBILITY OF HAVING A NEW FINANCIAL YEARPRESS RELEASE, D
Direct Tax Collection upto June, 2016 shows an Increase of 24.79%
In a press release dated 8th July 2016 Central Board Of Direct Taxes stated that The figures for direct tax collection
Income Declaration Scheme 2016 - Relaxation of time schedule for making payments under the Scheme
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Del
The Income Declaration Scheme 2016 - Issue of further FAQs
Government of India Ministry of Finance Department of Revenue Central Board of Direct TaxesPRESS RELEASE
Income Tax Department to issue 7 lakh letters seeking Information in respect of High Value Transactions
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Del
Individuals attaining age of 60 yrs on 1st April to be deemed as senior citizens in preceding FY
SECTION 119 OF THE INCOME-TAX ACT, 1961 - INCOME-TAX AUTHORITIES - INSTRUCTIONS TO SUBORDINATE AUTHORITIES - CLARIFICAT
DUE DATE FOR FILING INCOME TAX RETURNS EXTENDED TO AUGUST 5, 2016
The CBDT today released an order extending the due date to 5th August, 2016 for the of filing Income Tax Retu
I-T Dept may write off small tax arrears of up to Rs 5,000
The idea is to cut litigation, lower the cost of collection and prioritising of bigger defaultersFor the first time eve
Senior officers to suggest circumstances justifying waiver of fee for delay in filing TDS returns: CBDT
SECTION 234E OF THE INCOME-TAX ACT, 1961 - DEDUCTION OF TAX AT SOURCE - DEFAULT IN FURNISHING STATEMENTS - FEE F
Rajya Sabha clears GST; releases Constitutional Amendment Bill, 2016
On Aug 3, 2016, Rajya Sabha discussed amendments to Constitution Bill for Goods and Service Tax i.e. Constitutional (O
RBI launches 'Sachet' portal to check illegal money collection
The Reserve Bank of India (RBI) on Thursday launched a portal to curb illegal collection of money by companies.The URL
Lok Sabha passes GST Bill with Rajya Sabha amendments
Parliament approved biggest overhaul of indirect taxes on Monday after the lower house ratified a constitutional amend
No reassessment to disallow deprecation which was wrongly allowed at assessment stage after proper verification
Where depreciation was allowed after verification, assessment could not be reopened claiming that depreciation was wron
Dy. Director of Income Tax isn't empowered to lodge complaint for prosecution against taxpayer
In view of restrictive preconditions imposed by Section 195 CrPC, Deputy Director of Income Tax is not a competent auth
Income tax queries answered by Dilip Lakhani, Senior Chartered Accountant
Every week, an expert selected by ET answers queries from our readers on income tax:
Q. I booked a commercial space w
Government expects tax revenues to increase after GST roll-out
NEW DELHI: The government expects its tax buoyancy to increase after the goods and services tax (GST) is rolled out, a
Luring taxpayers with unusual incentives may help make GST Bill a success
By Dhirendra Kumar
When it comes to solving problems that require behavioural change among a large number of people, t
What is the actual post-tax return on different investments? Find out
The actual annualised returns of financial instruments vary from the quoted rates due to different methods of calculat
'Avail scheme, resolve your tax dispute': I-T department to send emails to 2.59 lakh taxpayers
NEW DELHI: Keen to bring down the number of tax litigations, the I-T department will soon write to over 2.59 lakh taxp
CBDT plans to reduce the need for taxpayers to interact with officials with the use of technology
NEW DELHI: A kind, gentler tax department — that's what Rani Singh Nair has in mind. "The challenge of the tax departm
How much tax do Indians pay?
GOLD (MCX) (Rs/10g.)
31,378393.00
Source: Economic TImes
I-T department to 'name and shame' chronic crorepati defaulters
NEW DELHI: As part of its 'naming and shaming' policy to curb tax evasion, the Income Tax Department may soon go on to
Check these 7 tax savers before you invest again
Only a few days have gone by since the income tax return filing due date, but the tax saving exercise has already begu
How not to let tax hit NPS redemption
The National Pension System (NPS) provides numerous tax benefits to its subscribers. Apart from providing tax benefits
Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
Every week, an expert selected by ET answers queries from our readers on tax .
I have been investing in shares every m
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