Income Tax

Post thumbnail

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 cases 5. Online verification completed in more than 7800 cases. 6. In cases where the…

Read More CBDT Press Release on Operation Clean Money dated 14-04-2017

Post thumbnail

INDIVIDUALS / HUF / AOP / BOI No change in income tax rates, no increase in tax exemption Limit.First-time home buyers to get additional deduction of Rs 50,000 on interest for loan upto Rs 35 lakh. The cost of house should not be more than Rs. 50 lakh. Surcharge on income tax for those with…

Read More Changes in Income Tax for Filing Of Income tax return for AY 2017-18, FY 2016-17

Post thumbnail

The Govt has proposed to make Aadhaar number mandatory for applying the PAN card as well as for filing of return through amendment in Finance Bill 2017 in Lok Sabha.Today ,in Lok Sabha ,Finance Minister has proposed various amendment in Finance Bill 2017.The new rules are proposed to be applicable wef01.07.2017. ​It is also proposed…

Read More AADHAAR MANDATORY FOR PAN AND ITR FILING CASH LIMIT RESTRICTED TO 2 LAKH