Income Tax Notification

Restriction on Cash Transactions under Income Tax Act (Section 269ST) - Cash Transaction Rules from 1st April 2017, FAQ on Cash Receipt of Rs.2 Lakh or More w.e.f 01.04.2017 (Section 269ST). CBDT Takes Steps to discourage Cash…

Salient Features of Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. Check all Salient Features of PMGKY Scheme 2016. Pradhan Mantri Garib Kalyan Yojana Scheme - All Details. Recently CBDT Release Notification of The Taxation…

Major Highlights Budget 2019, Changes Made by Finance Bill 2019 . Budget Analysis for Small and Medium Enterprises. Analysis of Finance Bill 2019 for Small and Medium Enterprises. Direct Tax Amendments, Check Key Highlights of Budget…

Rebate under Section 87A reduced to Rs 2500 for AY 2018-19. Budget 2017 - Rebate reduced to Rs 2500 under Section 87A. Rationalization of rebate allowable under Section 87A. This amendment will take effect from 1st April, 2018.…

Cash Transactions Reporting under Rule 114E of IT Rules, 1962. New Notification by Income Tax Department for Reporting Cash Transactions under Rule 114E of IT Rules, 1962. Check More details from below... Cash Transactions Reporting…

Customers can now refuse to pay Service Charge at Restaurants. Payment of service charge in restaurant is voluntary. Latest news! The Consumer Affairs Ministry has recently announced that now a customer can refuse to pay Service Charge at…

Circular No. 6 of 2016: Issue of taxability of surplus on sale of shares and securities. The CBDT has accepted that inspite of its circular no. 4 of 2007 dated 15th June 2007 and instruction no. 1827 dated 31st August 1989 on…

Roadmap to Minimize Litigation and Strengthen Litigation Management. Recently Income Tax Department Uploaded Most Important Reports on " Minimize Litigation and Strengthen Litigation Management". Name of Both Reports is... …

CBDT Takes Steps to discourage Cash transactions in India. Budget 2017 takes Steps to discourage Cash transactions & curb Black Money. Various legislative steps have been taken by the Finance Act, 2017 to curb black money by…

CBDT issues PAN & TAN within 1 day to improve Ease of Doing Business. In order to improve the Ease of Doing Business for newly incorporated corporates, CBDT has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent…

Mandatory Quoting of Aadhaar For PAN Applications & Filing Return of Income: CBDT Issued new press release on 5th April 2017 regarding Mandatory Quoting of Aadhaar Number for Filing ITR and Apply for New PAN Card. Check…

Transfer pricing secondary adjustments - Section 92CE. Budget 2017 introduces secondary adjustments in transfer pricing. Practical Discussion On Secondary Adjustment On Outstanding Receivables. Check Latest amendments made by Finance…