The Central Government has no plan to impose any tax on agriculture income: FM Following is the text of the Union Finance Minister Shri Arun Jaitley's Statement on the subject to impose tax on agriculture income: "I have read the paragraph in Niti Ayog Report entitled 'Income tax on agriculture income'. To obviate any confusion on the subject, I categorically state that … [Read more...] about The Central Government has no plan to impose any tax on agriculture income : FM
tax
Tax officials to send 50,000 letters to PM for successful GST
Tax officials to send 50,000 letters to PM for successful GST New Delhi: At least 50,000 letters will be sent by indirect tax officials to Prime Minister Narendra Modi seeking his intervention to ensure successful roll-out of Goods and Services Tax (GST). A decision in this regard was taken during a meeting of representatives of All India Association of Central Excise … [Read more...] about Tax officials to send 50,000 letters to PM for successful GST
Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials
Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016 Software Module for Disbursal of Salaries to EPFO Launched EPFO’s highest decision making body, the Central Board of Trustees methere last evening . This was its 212th … [Read more...] about Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials
Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income
Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income Circular 2/2015 F. No. 385/ 03 /2015-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (CBDT) North Block, New Delhi 10th February, 2015 Subiect: Chargeability of Interest under Section 234A of the Income-tax Act, … [Read more...] about Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income
Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money
Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money Income Tax Department, Ministry of Finance, Government of India had initiated investigation into issuance of cheques by companies which are acting as entry operators to convert illegal cash into legitimate … [Read more...] about Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money
Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments
Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments The Finance Bill 2013 proposes extension of benefits under Section 80-D of the Income Tax Act to such schemes of the Central Govt and State Govts that are similar to Central Govt. Health Scheme(CGHS). Presenting the Union Budget in the Lok … [Read more...] about Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments
Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh
Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh The Finance Bill 2013-14 proposes a relief of Rs.2000 to every person who has a total income upto Rs.5 lakh in a financial year. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that 1.80 crore … [Read more...] about Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh
GST is More Effective and Efficient Substitute for Plethora of Indirect Taxes: FM
GST is More Effective and Efficient Substitute for Plethora of Indirect Taxes: Ministry of Finance The Union Finance Minister, Shri P. Chidambaram said that the goods and services tax (GST) is a more effective and efficient substitute for plethora of indirect taxes. The Finance Minister said that he is hopeful that the GST Bill would be passed before the end of the current … [Read more...] about GST is More Effective and Efficient Substitute for Plethora of Indirect Taxes: FM
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