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CBI Caught Senior Officer of Post Office in case of Fraudulently Exchanged Old Currency of Rs.2.95 crores
Public News

CBI Caught Senior Officer of Post Office in case of Fraudulently Exchanged Old Currency of Rs.2.95 crores

December 9, 2016 NewsTaxIndia0 comments873 views
CBI Caught Senior Officer of Post Office in case of Fraudulently Exchanged Old Currency of Rs.2.95 crores CBI REGISTERS THREE SEPARATE CASES RELATING TO ALLEGED EXCHANGE OF NEW CURRENCY AND ARRESTS FOUR ACCUSED Press Release New Delhi, 08.12.2016       The Central Bureau of … Continue Reading →
No Service Tax on Payment of Transaction made through Debit or Credit Cards
Service Tax

No Service Tax on Payment of Transaction made through Debit or Credit Cards

December 8, 2016 NewsTaxIndia0 comments1024 views
No Service Tax if Payment of Transaction is made through Debit/Credit Cards up to Rs. 2,000 in a single transaction. CBEC Notification No. 52/2016-Service Tax  dated 08-12-2016 Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; … Continue Reading →
Income Tax Department Unearth Exchange Banned Currency Notes into New Notes @35% Commission
Income Tax

Income Tax Department Unearth Exchange Banned Currency Notes into New Notes @35% Commission

December 8, 2016 NewsTaxIndia0 comments1054 views
  Income tax investigations at Mumbai led to the revelation of a syndicate of ground level operators active in converting banned currency notes into legal tenders for a commission. As part of the operation to nab the culprits, Income Tax Investigation Directorate sent out a … Continue Reading →
Relief and Exemption to Promote Cashless Transaction
Public News

Relief and Exemption to Promote Cashless Transaction

December 8, 2016 NewsTaxIndia0 comments1002 views
Government Introduced Various Relief and Exemption to Promote Cashless Transaction; Package for Promotion of Digital and Cashless Economy In the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes, there has been a surge in the digital transactions through … Continue Reading →
CBI Arrests Managers of Karnataka Bank & Dhanalaxmi Bank for Diverting New Currency Notes
Public News

CBI Arrests Managers of Karnataka Bank & Dhanalaxmi Bank for Diverting New Currency Notes

December 7, 2016 NewsTaxIndia0 comments1211 views
CBI ARRESTS Managers of Karnataka Bank and Dhanalaxmi Bank for unauthorisedly Diverting New Currency Notes to some individuals in violation of Reserve Bank of India Circulars. CBI Press Release New Delhi, 05.12.2016 The Central Bureau of Investigation has arrested two private persons, residents of Bangalore in … Continue Reading →
Income Tax Department carries-out swift investigations in more than 400 cases since on 08-11-2016
Income Tax

Income Tax Department carries-out swift investigations in more than 400 cases since on 08-11-2016

December 7, 2016 NewsTaxIndia0 comments759 views
Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016; More than Rs. 130 crore in cash and jewellery seized and approximately Rs. 2,000 crore of Undisclosed Income admitted by … Continue Reading →
Government Directed Banks to install an additional one million new PoS Terminals
Public News

Government Directed Banks to install an additional one million new PoS Terminals

December 7, 2016 NewsTaxIndia0 comments647 views
In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new PoS terminals by 31st March 2017;. 2,73,919 camps organized to open banks accounts for unorganized labour in which 24.54 lakh accounts opened. As … Continue Reading →
Government Directed Banks to install an additional one million new PoS Terminals
Public News

Government Directed Banks to install an additional one million new PoS Terminals

December 7, 2016 NewsTaxIndia0 comments668 views
In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new PoS terminals by 31st March 2017;. 2,73,919 camps organized to open banks accounts for unorganized labour in which 24.54 lakh accounts opened. As … Continue Reading →
Misuse of IDS 2016: Declarants were Persons of Suspicious Nature and Very Small Means
Income Tax

Misuse of IDS 2016: Declarants were Persons of Suspicious Nature and Very Small Means

December 6, 2016 NewsTaxIndia0 comments728 views
Misuse of IDS 2016: Declarants were Persons of Suspicious Nature and Very Small Means :-Verification of High Value Suspicious Declarations made under the IDS 2016 An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or asset … Continue Reading →
e-Payment Mandatory for Government Departments if Single Payment Exceeds Rs.5000
Personal Finance

e-Payment Mandatory for Government Departments if Single Payment Exceeds Rs.5000

December 6, 2016 NewsTaxIndia0 comments864 views
Any Payment above Rs.5,000 to Suppliers, contractors, grantee/loanee institutions etc by Government Departments to be now made through e-Payment to attain the goal of complete digitization of Government payments. In order to attain the goal of complete digitization of Government payments, the Ministry of Finance, … Continue Reading →

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