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Issue of imposition of penalty u/s 270A
The demonetization of Indian High Value Currency Notes is creating havoc and sheer chaos in the Indian Markets. Amidst such a scenario, rumours are spreading on...
Currency Demonetization and all the fuss about it !!
Narender Modi recently announced currency demonetisation - This means that all legal tenders of Rs.500 and Rs. 1000 became invalid w.e.f 9th November.What it ...
During Demonetization, IT department is acting swiftly
The IT department is issuing notices to assess to explain source of income in wake of demonetisation, explained by income tax act point of view.
Grey Areas which Black Money Hoarders are exploiting to convert their Black Money for New Currency
Grey Areas which Black Money Hoarders are using to Convert Black Money to New Currency
Deposit cash without any worry!
Without tension deposit the cash
Risk review of an assessee who deposits Rs. 500 and 1000 currency without proper source of income
Prosecution Risk for Rs. 500/- and Rs. 1000/- notes deposited in Bank without proper Explanation of the Source of Income
Withdrawal of Service tax exemption on cross border B2C online services
Withdrawal of Service tax exemption on cross border B2C online information and database access or retrieval services w.e.f December 1, 2016
Impact of Demonetization of Rs 500 and Rs 1000 Currency - A Brief Analysis
Demonetization of Currency
Era without black money
The money is money. Colour of money is the definition of tax law of each country. Where there is no income tax there is no colour of money and therefore there is no black money. In the sovereign country, taxation is must and therefore the chances of
Probable reason why Rs 2000 note are being issued
This notification has been issued to eradicate black money from the economy,fighting against corruption, terrorism and enhancing digital payment.
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