Tag Archives: scrutiny Case under Income tax

Appeal before High Court Under Income Tax Provisions

Appeal before High Court Under Income Tax Provisions
Part CC of Chapter XX of the Income Tax Act, 1961 (‘Act’ for short) provides the procedure for filing appeal before the High Court.
Who can file

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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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Know what is Benami transactions Bill

Know what is Benami transactions Bill
The demonetisation effort being led by PM Modi in India is that idea that Rs. 500 and Rs. 1,000 notes should be declared no longer legal tender, to be

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Wrong Way by which Black Money Holders are trying to convert their Black Money into New Currency

Wrong Way by which Black Money Holders are trying to convert their Black Money into New Currency
All of Black money Holder are Worried to Convert their Black Money into the New Currency after Demonetization

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Tax department can slap on black money holders by Penalties, prosecution

Tax department can slap on black money holders by Penalties, prosecution
Prepare to face the following penalties and prosecution if the Income Tax department finds out that you have black money i.e. unaccounted money. If

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Income Disclosure Scheme Response has improved

Income Disclosure Scheme Response has improved
The government has noticed an improvement in response to the Income Disclosure Scheme (IDS) 2016 in the last few weeks even as top sources sought to play down concerns

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