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Modi Government brings back 13,000 crore black money
News & FAQs | By Editor | Jun 27, 2016
The government’s crackdown on those stashing undeclared income in overseas bank accounts has started yielding results with the Inco...
Disclose undisclosed income and avoid prosecution- IDS 2016
Direct Taxes (including International Taxation) | By Editor | Jun 25, 2016
The Finance Minister Mr Arun Jaitley has pulled up an opportunity to curb the black money and brings them in the books by declaring the I...
Clarifications on TCS on cash transactions above ₹ 200000
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 25, 2016
In order to curb the cash economy, Finance Act 2016 had amended section 206C of the Income-tax Act. As per this amended section, the se...
Impact of Brexit on Indian Start-ups
Corporate Law & Intellectual Property Rights | By Soumik Kumar Sen | Jun 24, 2016
A historic referendum passed by the English and the world market felt its ripples. People all over the world are busy analyzing on how th...
Exemption from Krishi Kalyan Cess to services prior to 01.06.2016
News & FAQs | By ALOK PATNIA | Jun 24, 2016
In Budget 2016, FM Jaitely had increased the Service Tax @ 0.5% as Krishi Kalyan Cess. The Krishi Kalyan Cess @ 0.5 percent had been levi...
RBI prepared for any eventuality, says Raghuram Rajan in press release
News & FAQs | By ALOK PATNIA | Jun 24, 2016
Pound got pounded , global equity and currency markets crashed on Friday as Britain voted for leaving the European Union. The benchmark S...
Problems of taxpayers to be resolved fast & easy- CBDT targets on grievance redressal progress
News & FAQs | By Editor | Jun 24, 2016
On Jun 22nd, 2016 (PTI) CBDT has pulled up the Income Tax department for having an “unsatisfactory” record of grievance redre...
Big Boost for Agro-processing, IT and Retail Sector to generate employment
News & FAQs | By Editor | Jun 24, 2016
Agro-processing, IT and retail sectors are likely to receive fresh incentives from the government in the coming days on the lines of the ...
Modi Government targets to dispose off 1.33 lakhs tax appeals, focus on high value ones
News & FAQs | By Editor | Jun 24, 2016
The tax department has set an ambitious target to dispose of as many as 1.33 lakh appeals lying before the commissioners-IT (CIT-A), almo...
Do you know your PAN Card can be blocked if you fail to pay taxes
Direct Taxes (including International Taxation) | By Editor | Jun 23, 2016
In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to “block” Perma...
Now you can withdraw PPF just after 5 years of its maturity
News & FAQs | By Editor | Jun 23, 2016
Now you can withdraw PPF just after 5 years of its maturity.The Deposit Scheme Public Provident Fund (PPF) can prematurely be closed afte...
Narendra Modi government okays Rs 10,000 crore corpus; to generate 18 lakh jobs
News & FAQs | By ALOK PATNIA | Jun 23, 2016
Narendra Modi government okays Rs 10,000 crore corpus; to generate 18 lakh jobs. The government today approved Rs 10,000 crore ‘Fun...
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