Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules under alternative procedure of FATCA

Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules under alternative procedure of FATCA

Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules, 1962 under alternative procedure of FATCA The Inter-Governmental Agreement (IGA) with USA for implementation of FATCA entered into force on 31st August 2015. Under the alternative procedure provided in Rule 114H(8) … Continue Reading →
23064 Searches has conducted in Last 3 years; More than Rs. 1.37 Lakh Crore of Tax Evasion has been Detected

23064 Searches has conducted in Last 3 years; More than Rs. 1.37 Lakh Crore of Tax Evasion has been Detected

23064 Searches has conducted in Last 3 years; More than Rs. 1.37 Lakh Crore of Tax Evasion has been Detected Department of Revenue, Ministry of Finance achieves phenomenal success towards eliminating Domestic Black Money in last three years; 23064 searches/surveys have been conducted (Income … Continue Reading →
Procedure, Formats and Standards for ensuring secured transmission of electronic communication

Procedure, Formats and Standards for ensuring secured transmission of electronic communication

Procedure, Formats and Standards for ensuring secured transmission of electronic communication – introduction of E-Proceeding for communication between the Income Tax Department and Assessee- reg. DGIT(S)/DIT(S)-3/AST/Paperless Assessment Proceedings/96/2015-16 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification … Continue Reading →
Nine GST Rules (Composition, Valuation, Transition, ITC etc.) Released by CBEC for Comments

Nine GST Rules (Composition, Valuation, Transition, ITC etc.) Released by CBEC for Comments

Nine GST Rules (Composition Rules, Valuation Rules, Transition Rules, ITC Rules, Revised Invoice Rules, Revised Payment Rules, Revised Refund Rules and Revised Registration Rules) have been Released by CBEC. Comments, if any, may be sent to gst-cbec@gov.in latest by 10-April-2017. GST Composition Rules GST Valuation Rules … Continue Reading →