Income Tax Informants Reward Scheme, 2018

Income Tax Department issues Revised Income Tax Informants Reward Scheme, 2018 A new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018”, has been issued by the Income Tax Department with the...

Extension of time of the Task Force for drafting a New Direct Tax Legislation

The Central Board of Direct Taxes of Department of Revenue of  Government of India notified in Press release dated 22th May, 2018 for Extension of time of the Task Force for drafting a New...

Stakeholder engagement by the Task Force drafting the new Direct Tax Law

Task Force for drafting a New Direct Tax Legislation - Questionnaire for inviting suggestions and feedback on the Income-tax Act, 1961 from the stakeholders and general public. On 23rd March 2017 Govt....

The Parliament Passed the Payment of Gratuity (Amendment) Bill which will increase the ceiling...

Further, this will allow the government to increase the gratuity (Note 1) ceiling from time to time without amending the law Full Text of Amendment bill is as under : The provisions contained...

Clarifications regarding GST in respect of certain services

The Department of revenue issued circulars regarding certain supply in which Govt clarified the nature of cervices and leavy of GST in circular No 34/8/2018-GST. 1.Whether activity of bus body building, is...

FAQ On LTCG

FAQ on Long Term Capital Gains Under the existing regime, long term capital gains arising from transfer of long term capital assets, being equity shares of a company or a unit of...

INAUGURATION OF ONLINE GRIEVANCE FACILITY BY PCCIT, GUJARAT

Hon.PCCIT Shri A.K Jaiswal had inaugurated the online grievance facility for the tax payers of entire Gujarat. Members may use the facility on the website http://www.incometaxgujarat.org A Centralized one stop kiosk is...

Budget : 2018 Vs Circular No. 06/2016

Budget 2018 Vs. Circular No. 06/2016 :Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 29th of February, 2016 Issue of Taxability...

Budget:2018 Benefits to salaried Individual

Budget 2018: Tax Benefits from Section - 80TTB ( Interest ), 80D  Insurance (Senior Citizens),  80DDB,  Medical Exps  and Standard deduction in case of salary   Particulars F.Y.2017-18 F.Y.2018-19 Salary/Pension 8,00,000 8,00,000 Less: Transport Allowance   19,200 *(Remove)    N.A. Less: Standard...

Relaxation in MAT

Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency...

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