TaxIndiaUpdates.In : GST, Service Tax, Income Tax, VAT, Tax Planning

CBDT Guidelines for TDS on Salary A Y 2017-18

January 6, 2017January 6, 2017 TaxIndiaUpdates In0 comments14289 views

CBDT Guidelines for TDS on Salary A Y 2017-18 CBDT vide its Circular No : 01/2017 dated 02-01-2017 (F.No. 275/192/2016-IT(B)) issued complete guidelines for TDS on Salary A Y 2017-18 During the Financial Year 2016-17 Under Section 192 of The Income-Tax Act 1961. This present … Continue Reading →

Goods and Service Tax

2016 The Year in Review [Direct & Indirect Taxes]

December 31, 2016 TaxIndiaUpdates In0 comments4071 views

Today is the last day of Year 2016. There are number of things happened in 2016 but the ‘Demonetization of 500 & 1000 Bank-Notes’ attract attention not only in India but entire world shocked with ever bold decision of PM Modi. Apart from Demonetisation … Continue Reading →

Income Tax

CBDT Explanatory Notes on ‘Pradhan Mantri Garib Kalyan Yojana 2016’

December 27, 2016 TaxIndiaUpdates In0 comments2787 views

Explanatory Notes on Provisions of the Taxation And Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 as Contained In Chapter IX-A of the Finance Act, 2016: CBDT CIRCULAR NO. 43/2016 dated December 27, 2016 Introduction 1. The Taxation Laws (Second Amendment) Act, 2016 has been enacted … Continue Reading →

Income Tax

FAQ on Pradhan Mantri Garib Kalyan Deposit Scheme 2016

December 20, 2016December 20, 2016 TaxIndiaUpdates In0 comments4298 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 comments3162 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 comments3828 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 comments4778 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 comments3641 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 comments7541 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 comments2494 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 →