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Bill introduced by govt in Parliament to tax black money


Taxation Laws Second Amendment Bill 2016 introduced in Lok Sabha A scheme namely Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 PMGKY proposed in the Bill Evasion of taxes deprives the nation of critical resources which could enable the Government to undertake anti povert

IBA directs banks to accept payment of instalments under IDS 2016


No RB CIR OTC IDS 1404A November 25 2016 The Chief Executives of All Member Banks Dear Sir Madam Income Declaration Scheme 2016 Grievance regarding non acceptance by banks of payments under IDS 2016 through ITNS 286 We have received a communication dated November 23 2016 from RBI on the captioned su

Revised Model Draft GST Law, IGST Law and GST Compensation Law Released by CBEC


Draft Model GST Law Draft IGST Law and Draft Compensation Law placed in the public domain for information of trade industry and other stake holders The Draft Model GST Law Draft IGST Law and Draft Compensation Law which would be considered by the GST Council for approval are placed in the public dom

India signs declaration with Switzerland to retrieve information regarding Swiss bank holders


India and Switzerland Sign Joint Declaration for the implementation of Automatic Exchange of Information AEOI between the two countries Fighting the menace of Black Money stashed in offshore accounts has been a key priority area for the present Government To further this goal Mr Sushil Chandra Chair

ICAI denies any leakage of question paper of Direct tax law exam


No leakage of question paper relating to Paper 7 Direct Tax Laws of CA Final examination held on 13th November 2016 Our attention has been drawn to some unfounded reports in social media on alleged leakage of question paper relating to Direct Tax Laws Paper 7 of CA Final Examination held on 13th Nov

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Experts Opinions

Clarifiacation of meaning of incometax


Dear Friends Goodafternun My Friend Is Doing Aqua Business Fish Ponds Prawns Selling etc Now He Is Asking His Business Comes Under Agriculture Activity Or Taxable If Taxable What Is The Limit For His Tax Planning Thanks And Very Humble Wishes To All The Organizers

Income tax password forgot


My Income Tax password forgot and i also try in forgot password reset but didn t get

Megha exemption under service tax


Respected Experts My Client is providing repair work to the dam ie Karnataka power corporation ltd Karnataka power corporation ltd is a public co sub category State govt co In This KPCL Karnataka Govt Holds more than 90 of equity My query is Wheather this KPCL is Eligible for exemption Under Mega ex

service tax


assessee providing two different types of services one is vehicle renting and another is advocate profession agreegate of these exeeds RS 10 lakh during fy whether he has to register for service tax and charge service tax on consideration charge d for services he providing

service tax applicable or not


assessee providing two different types of services one is vehicle renting and another is advocate profession agreegate of these exeeds RS 10 lakh during fy whether he has to register for service tax and charge service tax on consideration charge d for services he providing

Discussion

Notice u/s 139(9)

we reply the noticenotice U s 139 9 but still not get any response from I T Dept HOW WE GET THE CURRENT STATUS

Gst provisional id (service tax)

How to get provisional id for GST registration for the Service Tax Payers from CBEC website As there is a portal for VATavailable on mahavat gov in is there any so for Service tax also Thank You

Lower tax deduction as per certificate received u/s 197(1)

Hello We deduct tds towards lease payment made to party at 2 but now the party has issued us the certificate for lower deduction of TDS 0 03 which is valid from Oct 2016 to Mar 2017 and in the certificate even the amount is quoted wherein it is mentioned that if at all the payment is made above the

tax on deposited amount in bank

I have a shop of building materials articles after demonetized of notes I have deposited my cash in bank as per my account book record but some debtors directly deposited cash in form of old notes in my account deposit has Cross limit of current account plz tell me what should I do plz help methanks

I have 10 acres of agri land and iam getting only agriincome from past 15 years what is tax limit for agri income

sarat

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Articles

Pradhan Mantri Garib Kalyan Yojana: Last Call To Tax Evaders To Come Clean


I Introduction Amidst the Opposition lead protests over demonetization of high denomination currency notes HDNs ensuring little or no business being transacted by Parliament in its current winter session till now on 28th November 2016 the Honble Minister of Finance and Corporate Affairs moved theTax


Newly Inserted Section 270A Income Tax Act, 1961 - An analysis


Background of Section 271A The Income Tax Act has inserted sub section 7 in section 271 to provide as The provision of Section 271 shall not apply to and in relation to any assessment for the assessment year commencing on or after 01 04 2017 Due to the insertion of the said sub section in Section 27


Second version or extension of income disclosure scheme?


THE TAXATION LAWS SECOND AMENDMENT BILL 2016 introduced by the Union Finance Minister Sh Arun Jaitley on Monday 28th November 2016 in Lok Sabha got passed on Tuesday 29th November 2016 Do you think is it a part and parcel of the Income Disclosure Scheme of the government which ended on 30th Septembe


New Income Declaration Scheme - Decoded


The Lok Sabha today passed The Taxations Laws Second Amendment Bill 2016 to penalize deposits made after November 8 2016 According to the said Bill the declarant under Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 in brief PMGKY shall be required to pay 30 tax of the und


Salient features of new PMGKY Income Disclosure Scheme 2016


Proposed Salient Features of Pradhan Mantri Garib Kalyan Yojna 2016 for disclosing blackmoney held as cash or deposits 1 Applicable for undisclosed income in the form of Cash or deposits including FD RD etc held in bank accounts or in Post Office Section 199C or any other specified entity 2 Pay Inco


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Updated on : 12/1/2016 1:31:12 PM


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