Category: Direct Tax

Please refer to Para­graph IV of our Mas­ter Cir­cu­lar RPCD.CO.Plan.BC 10/04.09.01/2014–15 dat­ed July 1, 2014 on Pri­or­i­ty Sec­tor Lend­ing-Tar­gets and Clas­si­fi­ca­tion. 2. It has been decid­ed that pri­or­i­ty sec­tor loans to Per­sons with Dis­abil­i­ties will be eli­gi­ble for clas­si­fi­ca­tion under…

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Please refer to our cir­cu­lar DGBA.GAD.No.H‑10450/45.03.001/2008–09 dat­ed June 1, 2009 on the above sub­ject advis­ing that when­ev­er any excess pay­ment of gov­ern­ment pen­sion is detect­ed, the entire amount should be cred­it­ed to the gov­ern­ment account imme­di­ate­ly. 2. It is hereby…

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A bench has been con­sti­tut­ed by the Hon’ble Supreme Court to deal exclu­sive­ly with Tax mat­ters on all work­ing days which will be func­tion­al w.e.f. from 9th March, 2015. This will nec­es­sar­i­ly entail brief­ing the coun­sels for the Depart­ment as…

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RBI/2014–15/498 DBR.AML.BC.No.77/14.01.001/2014–15 March 13, 2015 Please refer to para­graph 2.5(h) of our Mas­ter Cir­cu­lar no. DBOD.AML.BC.No.22/14.01.001/2014–15 dat­ed July 1, 2014 on KYC norms and our cir­cu­lar DBOD. AML.BC. No. 80/14.01.001/2009–10 dat­ed March 26, 2010, pre­scrib­ing norms for open­ing a bank account in…

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CBDT NOTIFICATION NO. 20/2015 New Del­hi, the 05th  March, 2015 In pur­suance of the pro­vi­sions con­tained in sub-claus­es (vi) and (via) of clause (23C) of sec­tion 10 of the Income-tax Act, 1961 (43 of 1961) read with rule 2CA of…

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1 Abo­li­tion of Wealth Tax. 2 Addi­tion­al 2% sur­charge for the super rich with income of over Rs. 1 crore. 3 Rate of cor­po­rate tax to be reduced to 25% over next four years. 4 Total exemp­tion of up to Rs. 4,44,200…

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UIDAI is com­mit­ted to pro­vide res­i­dent friend­ly eco-sys­tem and self ser­vice update por­tal is one of the var­i­ous touch points to update their pro­file in 3 easy steps: STEP 1: Login with Aad­haar, STEP 2: Upload Doc­u­ments and STEP 3:…

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Direct tax col­lec­tions rose by 11.38 per cent to Rs 5.78 lakh crore dur­ing the April-Jan­u­ary peri­od of cur­rent finan­cial year.  The gov­ern­ment had col­lect­ed Rs 5.19 lakh crore in direct tax­es dur­ing the April-Jan­u­ary peri­od of last fis­cal. As per the…

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