Ministry of Civil Aviation has decided to extend the suspension of collection of parking charges at all airports till midnight of 28 November 2016. This has been done in order to facilitate the smooth movement of passengers.
There will be no extension of last date beyond 29th Nov 2016 for filing financial statements and Annual Returns using eforms AoC-4/AoC-4 (XBRL)/AoC-4 CFS or MGT-7
India be able to receive from Sept, 2019 onwards,the financial information of accounts of Indian residents in Switzerland on automatic basis
Out of loan to industrialists against whom a debt exceeding Rs.50 crore remains pending & Standing as NPA on 30.06.2016 is Rs. 3,88,919 Crores in 2071 Accounts.
IT Dept searches 1242 groups of assessees, seizing undisclosed assets worth Rs.2,029 Crore. Such assessees admitted undisclosed income of Rs.28,567 Crore.
The Prime Minister, Shri Narendra Modi, has invited views from the people, on the recent decision taken by the Union Government regarding currency notes of Rs. 500 and Rs. 1000.
The CBDT did not have any established mechanism to assess the impact of revenue foregone on account of deduction under section 80 IA on the economic and industrial growth of the country.
Black money in Swiss Banks- Undisclosed income of Rs.8200 crore (including protective assessments in some cases) brought to tax till 31.08.2016 in 404 cases.
Banks have since reported that such exchange/deposits effected from November 10, 2016 upto November 18, 2016 amounted to ₹ 5,44,571 crore (exchange amounted to ₹ 33,006 crore and deposits amounted to ₹ 5,11,565 crore). They have also reported that the public have withdrawn, during this period, ₹ 1,03,316 crore from their accounts either over the counter or through ATMs.
Haryana Power Generation Corporation Ltd. (HPPGCL) invites bids from reputed CA/ CMA Firms for conducting Internal Audit for F.Y. 2016-17, 2017-18 & 2018-19.
