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FAQ on Pradhan Mantri Garib Kalyan Deposit Scheme 2016

December 20, 2016December 20, 2016 TaxIndiaUpdates In0 comments4787 views

FAQ on Pradhan Mantri Garib Kalyan Deposit Scheme 2016 1. What is Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016? Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 is a scheme notified by the Government of India on December 16, 2016 which is applicable to … Continue Reading →

Income Tax

Pradhan Mantri Garib Kalyan Yojana 2016 received Assent of the President of India

December 16, 2016December 16, 2016 TaxIndiaUpdates In0 comments3904 views

The Pradhan Mantri Garib Kalyan Yojana 2016 (the Taxation Laws (Second Amendment) Act, 2016) Received the assent of the President on the 15th December, 2016, and is hereby published for general information:- The salient features of the Scheme are as under: Declaration under the Scheme … Continue Reading →

Income Tax

Pradhan Mantri Garib Kalyan Yojana Rules 2016

December 16, 2016 TaxIndiaUpdates In0 comments4509 views

Pradhan Mantri Garib Kalyan Yojana Rules 2016; These rules may be called the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana Rules 2016; They shall come into force on the date of their publication in the Official Gazette i.e. 16-12-2016. TO BE PUBLISHED IN … Continue Reading →

Income Tax

Pradhan Mantri Garib Kalyan Deposit Scheme 2016

December 16, 2016December 16, 2016 TaxIndiaUpdates In0 comments5458 views

Pradhan Mantri Garib Kalyan Deposit Scheme 2016; It shall come into force from the 17th day of December, 2016 and shall be valid till 31st day of March, 2017; This Scheme shall be applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri … Continue Reading →

Income Tax

Pradhan Mantri Garib Kalyan Yojna: Last Chance for Black Money Holders

December 3, 2016 TaxIndiaUpdates In0 comments4360 views

Pradhan Mantri Garib Kalyan Yojna: Last Chance for Black Money Holders TAXATION LAWS (SECOND AMENDMENT) BILL 2016 – Introduced in Lok Sabha on 28.11.2016, Passed in Lok Sabha on 29.11.2016 OBJECT OF BILL The existing provisions of IT Act, 1961 can possibly be used for … Continue Reading →

Service Tax

Place of Provision in Service Tax

November 30, 2016December 1, 2016 TaxIndiaUpdates In0 comments8804 views

The Place of Provision of Services Rules, 2012 1.Short title, extent and commencement. (1) These rules may be called the Place of Provision of Services Rules,2012. (2) They shall come into force on 1st day of July, 2012. 2.Definitions.-In these rules, unless the context … Continue Reading →

Income Tax

Relief for Black Money Holder to Make their Cash White at Flat 50% Tax

November 29, 2016 TaxIndiaUpdates In0 comments2947 views

Relief for Black Money Holder to Make their Cash White at Flat 50% Tax Evasion of taxes deprives the nation of critical resources which could enable the Government to undertake anti-poverty and development programmes. It also puts a disproportionate burden on the honest taxpayers who … Continue Reading →

Service Tax

Revised Model GST Law, IGST Law and Draft Compensation Law

November 27, 2016November 27, 2016 TaxIndiaUpdates In0 comments4731 views

Draft Revised Model GST Law, Draft IGST Law and Draft Compensation Law placed in the public domain for information of trade, industry and other stake holders. The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the GST … Continue Reading →

Service Tax

Online Services From Outside India to Non-Business Entity shall Be Taxable w.e.f. 01-12-2016

November 11, 2016November 11, 2016 TaxIndiaUpdates In0 comments5365 views

w.e.f. 01-12-2016 Withdrawal of exemption from service tax on (Online Services) cross border B2C OIDAR services provided online/electronically from a non-taxable territory to consumers in taxable territory in India-reg. Circular No. 202/12/2016-Service Tax F.No. 354/149/2016-TRU dated 09-11-2016 Withdrawal of exemption from service tax on cross border … Continue Reading →

Service Tax

Reverse Charge Tax Liability under GST Law

October 16, 2016 TaxIndiaUpdates In0 comments7882 views

Reverse Charge Tax Liability under GST Law Reverse charge means the liability to pay tax by the person receiving goods and / or services instead of the person supplying the goods and / or services (Section 2(85). Following are the frequently asked question on reverse charge under … Continue Reading →