Tag: Press Release
Roll out of intra-State e-way bills in 6 more states from 20th April 2018 As per the decision of the GST Council, e-Way Bill system for all inter-State movement of goods has been rolled out from 01st April, 2018. As on 15th April, 2018, e-Way Bill system for intra-State movement of …
Government assures supply of currency notes to ATMs to meet unusual spurt in demand Government reviews the currency circulation in the country Government and RBI have taken all steps to meet unusual demand of the currency Adequate reserves of currency to meet the rising demands Non Functional ATMS to be …
CBDT notifies the Protocol amending the Double Taxation Avoidance Convention (DTAC) between India and Kazakhstan. A Protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between India and Kazakhstan, earlier signed on 9th December, 1996 for the avoidance of double taxation and for the prevention of fiscal evasion …
Public Sector Banks to require copy of passport of promoters/directors and other authorised signatories of companies for loan facilities of Rs. 50 crore and above Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today stated that the …
GST rate applicable to all railway catering services 5% Uniform rate of GST applies to all railway catering services in trains or on stations. The Finance Ministry to remove any doubt or uncertainty in the matter and bring uniformity in the rate of GST applicable to supply of …
CBDT notifies Income Tax Return Forms for Assessment Year 2018-19 The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative benefited around 3 crore taxpayers, …
Pensioners also eligible to standard deduction of Rs 40,000/- or the amount of pension, whichever is less, under Section 16 of the Income Tax Act Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 5th April, 2018 PRESS RELEASE Clarification regarding …
Process to be followed for registration as Registered Valuer with Insolvency and Bankruptcy Board (IBBI) of India under the Companies (Registered Valuers and Valuation) Rules, 2017 With an objective to familiarise the eligible and desirous individuals and entities with the process of registration as a valuer with the Insolvency …
ITRs filed increase during FY 2017-18 as compared to ITRs filed during FY 2016-17. Also, number of new ITR filers have also increased Provisional Direct Tax Collections and Number of Income Tax Returns filed for FY 2017-2018 The provisional figures of Direct Tax collections for FY 2017-18 show …
Gratuity limit increased to Rs 20 Lakhs for private sector employee. Payment of Gratuity Amendment Act 2018 brought in force on 29th March, 2018 The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, …