Unexplained deposits in focus The income-tax department will in all likelihood go into overdrive in the next three months with the Central Board of Direct Taxes — the apex body — alerting all senior tax officials that their performance is being “monitored at the highest level.” It will also give a renewed push towards imposing […]
IT department will probe cases of spike in income under revised returns Those who showed a sudden spike in income when filing revised tax returns after demonetisation should now prepare themselves to face scrutiny.
Suggestions to Control the Black Money and corruption Since a Long periods , every day and every nook & corner , there is a discussion from a common man to Senior political Leaders and on every News Paper and every day , there is a news about control of the “Black Money and “Corruption“, ratios […]
Should you disclose a deposit of less than Rs 2 lakh during demonetisation in your ITR ? In part E of the tax return form that seeks other information from assesses including bank details, another column has been added seeking details of cash deposited between November 9 and December 30, 2016 i.e. during demonetisation if […]
CAN WE CONTROL THE BLACK MONEY AND CORRUPTION? Hardly few people born with the golden spoon. And every one has only 2 hands to work, only 2 legs to walk, and each one o have only one mouth to eat , 2 ears to listen , one brain to understand and thinking. Further, there are […]
Will Demonetisation and digital transactions stop corruption in India ? If digital transactions could curb corruption and black money , Kenya would have be the most transparent country in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money transfer. The value of mobile money transactions and transfers […]
How much gold you can kept ? After announcement the demonetisation there are wide rumours about putting or holding gold . I tried to clear some of the doubts in the minds of public the CBDT issued a clarification on 1st December, 2016.