CBDT Press Release on Operation Clean Money dated 14-04-2017 1. Operation launched on 31-01-2107 2. In first phase , online response was requested from 17.92 lakh persons 3. Response received from 9.46 lakh persons 4. Online queries raised from 35000 Read more…
Tag: Direct Tax
What is Minimum alternate tax (MAT) The concept of MAT was introduced under Income Tax Act to tax companies making high profits and declare dividends to their shareholders but have no significant taxable income because of exemptions, deductions and incentives. Read more…
The Direct tax collections up to February, 2017 continues to show a steady growth trend. The collection net of refunds stands at Rs. 6.17 lakh crore which is 10.7 % more than the net collections for the corresponding period last Read more…
1. If u accept 3L or more from same person in a day even against different bills section is violated 2. If u accept 3L or more from a person against one bill even on different days section is Read more…