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IT dept awarded for efiling of IT returns project
11 January 2017 at 11:14Income Tax Department receives Silver Award for e-filing of Income Tax Returns project in the National Awards on e-Governance 2016-17. The Income Tax Department is proud to announce that it has been conferred the Silver Award in the National Awards o
Direct tax collection upto December shows 12.01% growth
11 January 2017 at 11:14Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDirect Tax Collections up to December, 2016 show Growth of 12.01% The figures for Direct Tax collections up to December, 2016 show that revenue net of refunds is
No charges on use of cards at petrol stations
10 January 2017 at 10:35No additional levy on use of cards at petrol stations says Petroleum Minister MoS (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will bear additional charges on digital transactions at
CBEC initiates process of migration of existing Central excise and Service tax assessee
10 January 2017 at 10:35To ensure implementation of GST by 1st April, 2017, Central Board of Excise & Customs (CBEC) has initiated the process of migration of its existing Central Excise/Service Tax assessees to GST from today. A 24x7 Helpdesk (Through Toll-Free number
More than 10 million downloads of BHIM app in 10 days
09 January 2017 at 18:05PM delighted over 10 million downloads of BHIM App in 10 daysThe Prime Minister Shri Narendra Modi has expressed delight over 10 million downloads of BHIM App in a span of 10 days." Delighted to know that in a span of 10 days there have been ove
Tax collection figures for the period April to December 2016 show a positive trend
09 January 2017 at 18:05Tax collection figures for the period April -December 2016 show a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015Direct Tax and Indirect tax collection figu
Bank to obtain PAN or Form 60 for all Bank accounts
09 January 2017 at 10:38Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017. Income-tax Rules have been amended to provide that bank shall obtain a
Year end review of 2016 by CBDT
09 January 2017 at 10:38Major Achievements of CBDT in Current Financial Year 2016-17 so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessm
Old notes returned figures might change says RBI
06 January 2017 at 10:49Clarification regarding Specified Bank Notes (SBNs)There had been various estimates on SBNs tendered in certain sections.We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at t
World economy is quite fragile yet India appears to be much better placed says FM
06 January 2017 at 10:49FM: Though the world economy is quite fragile yet India appears to be much better placed today on the back of improvement in its macro-economic fundamentals;Government’s measures to eliminate the shadow economy and tax evasion are expected to h
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