Tag: Press Release
Gold jewellery ornaments holding limit and seizure-clarification Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 01 December, 2016. PRESS RELEASE Sub: Clarifications with respect to Gold Jewellery under Income Tax Law In order to remove any doubt about the …
PMGKY Yojana 2016 Income tax Disclosure-Immunity Scheme with 50 % tax and lock in of 25% income. New penalty provisions introduced. PMGKY Scheme 2016 is applicable from 17-12-2016 Read Notification Click Here >> No 200% penalty if income is declared u/s 115BBE and tax+ surcharge is paid @ …
Languages printed on Indian banknotes other than hindi english (17 in total) as part of design and matter of convention in terms of Section 25 of RBI Act Ministry of Finance 25-November, 2016 Value of Currency Notes in Indian Languages The Indian banknotes are printed in two languages, …
Waiver of education loans of poor-middle class family students who could not get employment-Govt denies such plans-Press release Ministry of Finance 25-November, 2016 Write off education loans given to the poor and middle class family students who could not get employment Government has no Plan to write off …
Action on Black Money stashed abroad.The Government has taken several steps to effectively tackle issue of black money, particularly money in abroad Ministry of Finance 18-November, 2016 Action on Black Money There is no official estimation of the amount of black money within the country and stashed …
Tax Reforms Process to continue-pending GST issues to be resolved. Major issues have been resolved and GST will be implemented by April 1st 2017 Ministry of Finance Press Release 10th November, 2016 FM: Process of Tax Reforms will continue and pending GST issues will be resolved soon. FM: …
TDS deposit SMS Alert Service for salaried employees by Income Tax department TDS mismatch in Online TDS Statement Form 26AS mismatch is a matter of big concern both for Income Tax Department and the assessee particularly salaried employees. The deductee have no clues about if and when …
Initiatives taken to revive Indian Construction Sector Press Release 31-August, 201 The Cabinet Committee on Economic Affairs under the Chairmanship of Prime Minister Shri Narendra Modi has approved today a series of initiatives to revive the Construction Sector. These initiatives include: (i) PSUs/Departments may seek the consent of the …
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 20th June, 2016 Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory …
Govt plan making black money fake notes circulating ineffective. Denies about any guidelines to minimise cash transactions to curb money laundering, black money. The Government has not issued any guidelines regarding minimising daily financial transactions in cash to curb money laundering, black money and so on. However, the plans of …
