The Union Finance Minister Shri Arun Jaitley takes a serious view of the resolution by Officers of Indian Revenue Service (Income Tax) against Department of Revenue The Ministry of Finance has learnt through a newspaper item which appeared today tha
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSub :- Ease of Doing Business – Paperless PAN & TAN application process.For fast tracking the allotment of PAN and TAN to company applicants, Digital Si
There is no official estimation of the amount of black money stashed away abroad. Various non-governmental organizations and economists in the past have indicated certain estimations of illicit financial flows out of the country. Such estimations app
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 21st July, 2016. Sub : Income Tax Department to issue 7 lakh letters seeking Information in respect of High Value TransactionsUnder the Annual Informat
Recognizing various limitations under the existing legislation [Income-tax Act, 1961, etc.], the Government enacted a new law – ‘The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015’ – to spe
Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Hon’ble Supreme Court by the SIT. An extract of the report has been uploaded on Department of Revenue website www.dor
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 14th July, 2016Sub : The Income Declaration Scheme 2016 - Relaxation of time schedule for making payments under the SchemeDuring the course of meetings
Circular No. 27 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 14th day of July, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Dec
Direct Tax Collections upto June, 2016 indicate net revenue collections of Rs.1.24 lakh crore; registering an increase of 24.79% over the corresponding period last year.The direct tax collections upto June, 2016 indicate net revenue collection of Rs.
Applicability of Income Computation and Disclosure Standards notified under section 145(2) of the Income-tax Act, 1961 from Assessment Year 2017-18 The Central Board of Direct Taxes has vide Press Release dated 6.07.2016 (For copy click here) clarifi
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