Tag: Press Release
No proposal to withdraw protection against attachment of PPF Account under any decree or court order in respect of any debt/liability of depositors-Amendments in Small Savings Act. Yesterday, the Ministry of Finance by a press release denied the news circulated in print and social media that it aims to bring …
TDS Defaulter arrested and sent to jail by the Tis Hazari Court As per Press Release of Finance Ministry, Tis Hazari Court has sentenced a TDS defaulter to jail. The Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT …
Reporting of U S Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions In USA, a Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. It is issued either by the Social Security Administration (SSA) …
Sharp increase in cases of prosecutions by Income Tax Department The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and …
Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act. Benami properties of more than Rs. 3,500 crore in more than 900 cases attached Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in more than 900 cases of properties under the …
Incentives on digital purchase of Railway tickets through IRCTC website, on counters by credit/debit cards, through mobile phones etc. Discounts and waiver of service charge Train tickets can be booked at the ticket counters through cash or through credit/debit cards, Unified Payments Interface (UPI)/ Bharat Interface for Money …
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 …
Government Cautions Public against Bitcoins and Virtual Currencies. Warns on risk of permanent loss of hard earned money like Ponzi Schemes In an advisory on “Virtual Currencies” issued today, the Finance Ministry has raised concern over increase in the price of Virtual ‘Currencies’ (VCs) including Bitcoin, in India …
Total collection under GST for the month of December 2017 has been Rs. 80,808 crores till 25th December 2017 Total Revenue Collection under GST: The total collection under GST for the month of December 2017 has been Rs. 80,808 crores till 25th December 2017. 99.01 lakh taxpayers have been …
Properties of struck off companies from RoC can’t be used, operated, transferred or alienated until restored by Tribunal u/s 252 of the Companies Act. Registrar of Companies (RoC) invoking his powers u/s 248 can strike off/remove the name of a company in cases inter alia where company has …
