Tag Archives: Black Money

Service Tax not payable when single transaction value is below INR 2,000/- paid through card

Service Tax not payable when single transaction value is below INR 2,000/- paid through card 
Notification Number 52/2016 – Service Tax dated 8th December, 2016 has been issued to add new entry number 64 to

Read More

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

Read More

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,

Read More

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

Read More

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

Read More

Ideas that can be help to manage Currency Crises

Ideas that can be help to manage Currency Crises
As all know Demonetization Rs. 500 and Rs. 1000 notes w.e.f. midnight of 8-9 November, 2016 is now a fortnight old decision, aftereffect of which is

Read More