Income Tax News
5.27 lakh taxpayers submit their online response to cash deposit notice
14 February 2017 at 10:45Operation Clean Money by IT Dept gets overwhelming response. More than 5.27 lakh taxpayers submitted their response till 12th February, 2017. Last date for the submission of online response extended up to 15th February, 2017. The Income Tax Departmen
Tax collection shows healthy growth upto Jan 2017
11 February 2017 at 11:20Tax Collection Figures up to January 2017 show consistent trend of healthy growth; During January 2017, the Net Indirect Tax grew at the rate of 16.9% compared to corresponding month last year with growth rate in net collections for Customs, Central
Four Advance Pricing Agreements signed by CBDT
09 February 2017 at 11:09Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 7thFebruary, 2017.Another Four Advance Pricing Agreements signed by CBDTThe Central Board of Direct Taxes (CBDT) has entered into four more unilateral
CBDT issues third round of Certificates of appreciation to tax payers
09 February 2017 at 11:09Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 7th February, 2017.CBDT issues third round of Certificates of appreciation to tax payers for their contribution towards Nation building.In continuatio
Cash withdrawal limit increased to Rs 50000 from 20th feb and removed from 13th March
09 February 2017 at 11:09Removal of limits on withdrawal of cash from Saving Bank AccountsRBI/2016-17/224DCM (Plg) 3107/10.27.00/2016-17All BanksDear Madam / Sir,Removal of limits on withdrawal of cash from Saving Bank AccountsPlease refer to our circular DCM (Plg) 2905/10.2
Tax Relaxation under NPS
06 February 2017 at 11:35The Finance Act, 2016 amended the Income-tax Act, 1961 (the Act) to provide that 40% of the amount payable to the employee subscriber of NPS on his closure of account or his opting out of the scheme, shall be exempt from tax.Further, Finance Bill, 20
Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore
06 February 2017 at 11:35Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore; the Budget Estimates fixed for direct taxes are Rs. 9,80,000 crore Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore. For the financial
18 lakh persons identified by IT dept for online verification of cash deposits
31 January 2017 at 17:43Income Tax Department (ITD) launches Operation Clean Money Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December
FAQ on implementation of GAAR provisions
27 January 2017 at 19:53Circular No. 7 of 2017F.no. 500/43/2016-FT&TR-IVGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDate 27/01/2017 Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 The provisi
Guiding Principles for determination of Place of Effective Management of a company
25 January 2017 at 10:22CBDT issues Guiding Principles for determination of Place of Effective Management (POEM) of a Company The concept of Place of Effective Management (POEM) for deciding the Residential Status of a company was introduced by the Finance Act, 2015. It is
Popular News
- Central Excise Duty Rates Revised: Rs 16 and Rs 10.5 Per Litre Effective 1st October 2026
- ICAI Issues New Tender Guidelines for Practising CAs, Bars Bids Without Minimum Fees
- CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025
- CBDT Revises Administrative Subordination of Income Tax (Appeals) Authorities under IT Act 2025
- GST Return Reforms: New ITC Reconciliation Mechanism Proposed from April 2027
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
