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Income Tax - Smt Sitharaman flags serious issues relates to taxation and digital economy companies, and to curb tax avoidance & evasion FM urged to contain international oil market to bring benefits to both the oil exporting and importing countries FM flags issue of economic offenders fleeing legal jurisdictions and calls for cohesive action against s...
Read MoreIncome Tax - During the course of election campaign, whenever issues relating to the terror attack at Pulwama and the Air Strikes at Balakot are raised, India’s Opposition is on the back-foot. Why are national security and terrorism related issues being made into subject matters of electoral debate? This is a question they raise....
Read MoreIncome Tax - The past few days have witnessed several cases where the Election Commission and the revenue authorities, both separately and acting jointly, trying to curb the use of blackmoney in elections. ...
Read MoreIncome Tax - The seven decade history of the State of Jammu & Kashmir confronts changing India with several questions. Was the Nehruvian course, which the State had embarked, a historical blunder or was it the correct course to follow? Most Indians today believe that it is the former. Does our policy today have to be guided by that erroneous vision or...
Read MoreIncome Tax - The GST was enabled by a Constitution Amendment which was unanimously approved by both the Houses of Parliament. Several legislations to implement the GST were passed by the Parliament. Laws relating to the State GST (SGST) were approved by all the State Legislatures....
Read MoreIncome Tax - It has become a routine practice to call any action against corruption as political vendetta. Claim of vendetta has never been a legitimate defence in corruption. Those who commit such large acts of corruption have to be judged on the merits of the action itself....
Read MoreIncome Tax - Union Minister Shri Piyush Goyal, temporarily assigned charges of Minister of Finance and Minister of Corporate Affairs in addition to his existing portfolios. President’s Secretariat PRESS COMMUNIQUÉ Posted On: 23 JAN 2019 The President of India, as advised by the Prime Minister, hereby directed that during the period of indisposi...
Read MoreIncome Tax - Shri Arun Jaitley, Union Minister for Finance and Corporate Affairs, exhorted Directorate of Revenue Intelligence to maintain high integrity and professional standards and endeavour to become a a near perfect organisation....
Read MoreIncome Tax - Demonitisation compelled holders of cash to deposit the same in the banks. The enormity of cash deposited and identified with the owner resulted in suspected 17.42 lakh account holders from whom the response has been received online through non-invasive method. ...
Read MoreIncome Tax - The Congress Party, for the last few days, has been busy spreading disinformation about the Government’s possible moves in relation to the private sector company IL&FS. The Congress is a national saboteur. It wants to sabotage India’s economy by allowing a situation in relation to a company to persist, expand and become unmanageable. ...
Read MoreSwati Synthetics Ltd. Vs. ITO (ITAT Mumbai) - The assets did not fall under any of the above exceptional three conditions. The said block of assets was used for the purpose of business during the year. Under the circumstances the assets of the said closed unit amounts to use for the purpose of business in the year under consideration ,...
Read MoreIncome tax press release - (29/10/2012) - The Kelkar Committee has cautioned us that a business-as-usual scenario for the current year may lead to the fiscal deficit rising to 6.1 per cent of GDP. This would have grave consequences for the economy is, therefore, totally unacceptable. The Committee has recommended a number of reform measures...
Read MoreNA - (08/12/2010) - Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 - Publicity in the official web site...
Read MoreNA - (06/08/2010) - Finance Minister Pranab Mukherjee on Monday allayed fears of withdrawal of the cashless mediclaim facility by public sector general insurance companies, saying these firms have not done away with these schemes and are only standardising the rates for various hospitals....
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