Data on dollars transferred abroad by foreign companies in India is not centrally maintained by the government. However, with a view to prevent shifting of profits out of India and consequent erosion of the Indian tax base, selected international t
Under the provisions of the Prevention of Money Laundering Act, 2002 and the rules framed there under, it is the responsibility of the banks and other financial institutions to detect suspicious transactions and report such transactions to the Finan
In his Budget Speech 2013-14 in the Parliament on 28.02.2013, the Finance Minister had announced as under: “An emerging economy must have a tax system that reflects best global practices. I propose to set-up a Tax Administration Reform
[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the …….day of August, 2
In order to reduce the increasing number of transfer pricing audits and prolonged disputes, the Finance (No.2) Act, 2009 w.r.e.f 1.4.2009 inserted a new section 92CB to provide that determination of arms length price under section 92C or Sect
The Union Cabinet today approved the proposal for exemption of prior approval of Cabinet for disposal/auction of immovable properties acquired by the Central Government under the provisions of Chapter XX-C of the Income Tax Act 1961. Earlier a gov
The Union Cabinet today approved the proposal for setting up of the Tax Administration Reform Commission (TARC). The Commission will consist of a Chairman, two full time members and four part-time members, of which at least two part-time members w
Gross Direct Tax Collection Figures for April-July of the F.Y. 2013-14 is UP by 13.27 Percent and Stand at Rs. 1,57,169 Crore as Against Rs. 1,38,751 Crore in the same Period Last Year Gross direct tax collections during April-July of the Financia
Higher than the Returns e-Filed in the Corresponding Period During Last Year: 6.92 Lakh Returns e-Filed on 5th August, 2013 Itself The due date for filing of Income Tax Return for Individuals, HUFs and non-auditable cases for A.Y. 2013-14 was exte
Procedure and criteria for selection of scrutiny cases under compulsory manual during the financial year 2013-2014
Online GST Course - Master the Fundamentals of GST with Practical Insights
CAclubindia
