ECONOMY

Taxes

Registration of 1 lakh Cos cancelled, 37,000 shell firms identified, says PM at CA Event
01.07.17 -

Government is committed to more tough actions against firms helping in hiding black money, announced Prime Minister Narendra Modi today. 
 
PM Modi called chartered accountants a "big pillar" of the Indian economy and urged them to bring technological innovations to meet global standards.
 
Addressing Chartered Accountants ...
  


GST: Indian businessmen worried – may prove Demonetisaton 2.0
29.06.17 -

Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.

Jain is one of millions of small business owners ...
  


Aadhaar-PAN linking must for income tax return filing from 1 July, Govt notifies rules
27.06.17 - TEAM PT

THE GOVERNMENT has made it mandatory for taxpayers to link existing Aadhaar numbers with PAN cards with effect from July 1.

Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at ...
  


New ITR forms: details of cash deposits above Rs 2 lakh, Aadhaar mandatory
01.04.17 - Remya Nair*

The income-tax department has notified a simplified one-page tax-return form aimed at making it easier for taxpayers to file their annual returns.
 
At the same time, the new form also requires taxpayers to make additional disclosures—including mandatory linking of tax returns with an individual’s Aadhaar number—which ...
  



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