Month: November 2016

New disclosure scheme could be 50% tax and 4-year limit on cash use for unaccounted deposits

New disclosure scheme could be 50% tax and 4-year limit on cash use for unaccounted deposits
The government is likely to introduce an amendment in the income-tax law in next week under which people can

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Income tax Department will call details of high value deposit from banks and post offices

Income tax Department will call details of high value deposit from banks and post offices
Income Tax Department is ready to follow-up demonitisation action
After Two Weeks of Prime Minister Narendra Modi’s aggressive demonetisation move,

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Unaccounted deposits after demonetisation likely to attract up to 60% tax

Unaccounted deposits after demonetisation likely to attract up to 60% tax
Cabinet approves IT Act Amendments
NEW DELHI: The union cabinet is understood to have approved amendments to the income-tax laws late on Thursday, clarifying

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23 places you can still use your old Rs 500 notes

23 places you can still use your old Rs 500 notes
The government has stopped over the counter exchange of old notes of Rs 500 and Rs 1000 from today midnight. Government has permitted various

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How Inflation impact on exchange rate and returns

How Inflation impact on exchange rate and returns
If we go to see 3 or 4 topics around which Finance or Economy revolves, inflation is one of them. It is such a topic which has

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DEMAND UNDER MODEL GST LAW

DEMAND UNDER MODEL GST LAW
Chapter XIV of the Model Goods and Services Tax Act, 2016 (Act’ for short) provides for the demands and recovery of tax. When a demand can be raised by the

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