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Cabinet approves CGST (Amendment) Bill, 2017

  On 20 July 2017 at 10:23

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the ...

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Cabinet approves IGST (Amendment) Bill, 2017

  On 20 July 2017 at 10:23

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Integrated Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by t ...

  0 comments |   33 hits


IT Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016

  On 26 May 2017 at 12:46

The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November 2016. The Prohibition of Benami Property Transactions Rules, 2016 have been framed in this regard. ...

  0 comments |   238 hits


Shri Bandaru Dattatraya calling on Shri Arun Jaitley to discuss issues relating to Demonetization

  On 09 December 2016 at 12:37

The Minister of State (IC) for Labour & Employment Shri Bandaru Dattatreya met the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley and discussed the issues relating to demonetization and gave suggestions keeping in view the w ...


Govt. clarifies that the newly proposed bill has not introduced any new provision regarding chargeability of tax on jewellery

  On 02 December 2016 at 10:19

Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws (Second Amendment) Bill, 2016, i ...

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Frequently asked questions on GST

  On 04 August 2016 at 10:55

Following are the answers to the various frequently asked questions relating to GST:Question 1.What is GST? How does it work? Answer: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax o ...

  0 comments |   487 hits


Amendment in Rule 114H of Income-tax Rules, 1962

  On 23 June 2016 at 10:48

The Rule 114H of the Income-tax Rules, 1962 (the Rules) has been amended vide Notification No.48/2016 [S.O.2151(E)] dated 20th June 2016. In order to provide sufficient time to the reporting Financial Institutions for completing the due diligence pro ...

  0 comments |   507 hits


Government Sets-Up A Committee to Simplify The Provisions of The Income Tax Act, 1961

  On 28 October 2015 at 10:15

The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following composition: (i) Justice R.V.Easwar, (Retd.), former Judge, Delhi High Court and former President, ITAT- Chairm ...


SIT recommends making tax evasion a crime

  On 13 May 2015 at 11:52

In Chapter III of Second SIT report, the SIT has recommended as under: “Financial Action Task Force (FATF) on money laundering recommends ‘tax crimes’ to be made a predicate offence so that action can be taken under Prevention of Mo ...


The Constitution (122 Amendment) Bill in respect of GST to be taken up in Lok Sabha next week

  On 29 April 2015 at 12:04

Finance Bill to be taken up on Thursday Further to the suggestions from the Members of Lok Sabha, the Government has agreed to extend the ongoing discussion on Demands for Grants of various ministries by one day till tomorrow. As per the earlier ...

  0 comments |   1139 hits










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