Search For "tax"
Political parties receiving donations in old notes to be scrutinised: Jait
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec.17 (ANI): The government on Saturday reiterated that it has not made any change in the existing Income Tax law that would exempt political parties from depositing old currency in banks.
Read More
Govt. clarifies status of political parties under Income Tax Act
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 17 (ANI): The Ministry of Finance, Department of Revenue, and Central Board of Direct Taxes on Saturday issued a joint statement giving a clarification on status of political parties under Income Tax Act, 1961.
Read More
I.T. department issues clarification of status of political parties under
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec.17 (ANI):There have been some newspaper reports which seem to wrongly suggest that there cannot be any scrutiny of Income-tax returns of political parties registered with the Election Commission in the context of deposits of old currency notes. This inference seems to
Read More
Rejection of my plea part of political vendetta: Virbhadra Singh
Updated : 8 years, 7 months ago IST
Shimla (Himachal Pradesh) [India], Dec. 17 (ANI): Himachal Pradesh Chief Minister Virbhadra Singh on Saturday said the rejection of his plea by the Income Tax Appellate Tribunal (ITAT) is a part of a political vendetta and now he would appeal in a higher court against this verdict.
Read More
The only issue is on sharing burden of assessment: Jaitley on GST
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 17 (ANI): Throwing light on one of the most important legislations of the year, Finance Minister Arun Jaitley on Saturday said there is only one small issue with regard to the Goods and Services Tax (GST) Bill.
Read More
PM Garib Kalyan Yojana providing chance to turn black money into white beg
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 17 (ANI): President Pranab Mukherjee's assent to the Taxation Laws (Second Amendment) Bill 2016, the Act which has provisions to levy total tax, penalty and surcharge of 50 percent on the amount deposited post demonetisation, comes into force on Saturday.
Read More
Make your black money white under Pradhan Mantri Garib Kalyan Yojana
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 16 (ANI): After President Pranab Mukherjee gave his assent to the Taxation Laws (Second Amendment) Bill 2016, the Act, which has provisions of levy of a total tax, penalty and surcharge of 50 percent on the amount deposited post demonetisation, will come into force to
Read More
Political parties not exempted from depositing old notes, clarifies Financ
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 16 (ANI): Putting an end to all speculations over political parties being exempted under the Income Tax law to deposit old notes, Finance Secretary Ashok Lavasa said there was no such provision against anybody.
Read More
Payworld shortlists as one of the GST Suvidha Provider
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 16 (ANI): Payworld brand owned by Sugal and Damani Utility Services Private Limited, a preeminent electronic processing platform for financial transactions has been recently shortlisted as the GST Suvidha Provider (GSP) by the Goods and Services Tax Network (GSTN).
Read More
CBDT issues notifications of the Taxation Laws Act, 2016
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec 16 (ANI): The Taxation Laws (Second Amendment) Act, 2016 has come into force on December 15th, 2016 under the scheme of Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.
Read More
Pak elite anxious as UAE demands tax information
Updated : 8 years, 7 months ago IST
Islamabad [Pakistan], Dec. 16 (ANI): A wave of anxiety has swept through Pakistan's wealthy elite as last week account holders in a major UAE bank received letters stating they will be required to furnish information "with a view to determining where they are resident for tax purpo
Read More
Centre issues notification for revised double taxation avoidance agreement
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec.16 (ANI): A revised agreement between India and Cyprus for the avoidance of double taxation and the prevention of fiscal evasion (DTAA) with respect to taxes on income, along with its protocol, was signed last month in Nicosia, which will replace the existing DTAA that
Read More