ROCs has removed/struck off names of 226166 companies which were not filing returns for a continuous period of two or more financial years and prima facie were not conducting any business or in operation The Government has initiated campaign against black money, wilful defaulters and erring directors. There are
Measures taken by Government to Control and Curb Parallel Economy and black money Press Information Bureau Government of India Ministry of Finance 19-December-2017 17:16 IST Measures taken by Government to Control and Curb Parallel Economy and Unaccounted Transactions The Government has taken several measures to effectively control and curb
Scrutiny of revised-belated returns post-demonetisation-important issues. CBDT list instances indicating abuse of Income Tax provisions CBDT in its latest instruction has cautioned all PCCITs and DGITs regarding revised/belated returns filed by assesses post-demonetisation and issued guidelines for important issues to be considered while framing scrutiny assessments in such cases.
SoP for issue of notice for substantial cash deposit during demonetisation period. CBDT issues procedure for issue of notice u/s 142(1) of Income-tax Act F.No. 225/363/2017-ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, N.Delhi, dated the 15th November, 2017 To All Principal Chief-Commissioners of
Post demonetization-one company found with 2134 bank accounts another deposited-withdrew Rs 2484 crores. Over Rs 17000 crore deposited-withdrawn. Recently the Ministry of Corporate Affairs had striked off more than 2 lakhs of companies for remaining inactive for a period of two (2) years or more. Now, MCA vide a
Counting of Specified Bank Notes-RBI says it uses hi-tech machines. Press had reported that RBI was not using machines for counting SBNs Reserve Bank of India September 10, 2017 RBI says it uses sophisticated machines for processing currency notes It has been reported in a section of the press,
Impact of Demonetisation on Black Money Widening of Tax Base and Direct Tax Collections. Govt. largely relying on income tax figures to justify demonetisation Press Information Bureau Government of India Ministry of Finance 31-August-2017 16:52 IST Impact of Demonetisation on Black Money, Widening of Tax Base and Direct Tax