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News & FAQs
Now receive payments through banks or digital means to pay lower Income Tax
News & FAQs | By Rahul Agarwalla | Dec 19, 2016
Now receive payments through banks or digital means to pay lower Income Tax. Under the existing provisions of section 44AD of the Income-...
GST may not be implemented from April 1,2017
News & FAQs | By Editor | Dec 17, 2016
India’s plans to roll out a countrywide Goods and Services Tax (GST) from April 1, 2017 appear increasingly unlikely with the Centre and ...
Special Parliament session for for GST related bills may be called by Parliament
News & FAQs | By Editor | Dec 17, 2016
Govt offices and backlogs go hand in hand. The most adverse impact of the backlog probably is the stalling of the GST legislation.Additio...
Government announced that any unaccounted cash or deposit in a bank account before April 1, 2017 ...
News & FAQs | By ALOK PATNIA | Dec 16, 2016
Govt opens window for declaring black Money under PMGKY from Dec. 17, 2016 to 31st March,2017. Government announced that any unaccounted ...
All about PMGKY scheme – A presentation
News & FAQs | By ALOK PATNIA | Dec 1, 2016
Last chance to come clean for black money holders! Addressing the concerns of demonetization, an alternative scheme namely, the ‘Taxation...
Modi Proposes PMGKY – Unaccounted Cash deposits to be taxed @50 %
News & FAQs | By ALOK PATNIA | Nov 28, 2016
Modi comes up with another master stroke in the form of amendments of the existing Income Tax laws and introduction of the new Income Dis...
Companies to pass the benefit of tax reduction to customers and more updates – GST bill red...
News & FAQs | By Editor | Nov 28, 2016
In a flurry of GST related announcements, there came some reliefs for the stock markets. The definition of “goods” under the Goods & ...
GST Update: Release of Draft Model GST Law, IGST Law & Compensation Law
News & FAQs | By Editor | Nov 28, 2016
Press Information BureauGovernment of IndiaMinistry of Finance26-November-2016 14:33 IST Draft Model GST Law, Draft IGST Law and Draft Co...
50% tax and 4 year lock in period on cash under proposed new disclosure scheme
News & FAQs | By Editor | Nov 26, 2016
Amidst all the horde of demonetization speculations that are making rounds, a new disclosure scheme was being drawn up. This scheme is li...
You may go to jail for 7 years for depositing black money in some one else’s account
Direct Taxes (including International Taxation) | By Editor | Nov 21, 2016
Consequent to the move of banning old ₹500 and ₹1000 notes, the Income Tax department has detected over Rs 200 crore in undisclosed incom...
No bank account, No exchange of old notes – proposed move from RBI
News & FAQs | By Editor | Nov 19, 2016
ATMs and banks continue to struggle meeting the ever increasing queue for exchange of old notes. RBI has been on constant loop about th...
Banks and POs to report Cash Deposits above 2.5 Lakhs to I-T department
News & FAQs | By Editor | Nov 18, 2016
A major announcement was made by our Prime Minister Narendra Modi on 8th of November to scrap the black money since then we can see a lar...
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