Jan 31, 2017

CBDT Launches Operation Clean Money Ask Explanation to 18 Lakhs for Cash Deposit

Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large ca...

Expectations by Salary Class in Union Budget 2017

Reintroduction of Standard Deduction Till financial year 2004-05, a standard deduction to the extent of Rs. 30,000/- was available again...

Jan 30, 2017

RBI Restore Cash Withdrawl Limit from Current Account and ATMs

Reserve Bank of India removed all limits on cash withdrawl from current account, cash credit account and overdraft account with immediate ...

Jan 25, 2017

TDS u/s 192 on salary Corrigendum of Circular 1/2017

CBDT issued corrigendum of circular no. 1/2017 dated 2 January 2017. There are few changes in the rule which may read as follows. OLD ...

Jan 22, 2017

How to Best Use of Section 80C Deduction of Income Tax

You can avail tax benefits under various sections of the Income-Tax Act. But the most common, and also most popular, are the deductions av...

Jan 20, 2017

Points to Know about Super Saving Account

FundsIndia.com, India’s leading online investment platform, has launched Super Savings Account, which is a new-age mutual fund which bring...

Jan 19, 2017

Jan 18, 2017

CBDT Clarification on PM Garib Kalyan Yojana 2016

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (hereinafter ‘the Scheme’) provides an opportunity to pers...

CBDT Clarification on Indirect Transfer Provision under Income Tax Act

Circular No. 41/2016 was issued on 21.12.2016 which dealt with clarification on Indirect Transfer provisions. After the issue of the afore...

Jan 14, 2017