PROCEDURE FOR MIGRATION/ TRANSITION FROM VAT TO GST

The migration from VAT to GST has been initiated by the State VAT departments. As a first step Provisional Registration number under GST and password has been issued by...

SEMINAR ON DEMONETISATION AT GOENKA INSTITUTE OF EDUCATION & RESEARCH

Seminar on Demonetisation was organised in Goenka Institute of Education & Reasearch, Lakshmangarh, Sikar with Sh. D. D. Goel, Director General of Income Tax, Rajasthan as the Key Note...

NO RESTRICTION ON GOLD JEWELLERY IN INDIA

It  has come to our knowledge through media news that the Government/ CBDT has restricted the Gold Holding for an Household after demonetization of Old Currency Notes to the...

EASE OF DOING BUSINESS IN INDIA

INDIA is passing through a paradigm change and there are zillion of business opportunities in India. India offers all the basic ingrediants for the success of any business including...

TAX ON UNDISCLOSED OLD CURRENCY NOTES DEPOSITED IN BANK

Tax Rate under Section 115BBE for Undisclosed Monies (Section 69A) deposited in the Bank and shown in the Tax returns has been increased from 30% to 60% via The...

HOW MUCH CASH CAN BE DEPOSITED IN BANK, THAT WILL NOT BE REPORTED TO INCOME TAX?

CBEC has issued Notification No. 104/2016 dated 15/11/2016 through which it has added S. No. 12 to the Rule 114E according to which, all Banks are required to report under...

RISK REVIEW OF AN ASSESSEE WHO DEPOSITS Rs. 500/- AND 1000/- OLD SERIES HIGH DENOMINATION CURRENCY IN BANK WITHOUT PROPER EXPLANATION OF THE SOURCE OF INCOME

After the demonetisation of the old series High Denomination Currency Notes of Rs. 500/- and Rs. 1000/- by the Reserve Bank of India, there is large scale panic in...

PRECAUTIONS IN DEPOSITING HIGH DENOMINATION CASH IN BANK TO AVOID PENALTY OF 200%

After the demonitisation of the old series High Denomination Currency Notes of Rs. 500/- and Rs. 1000/- by the Reserve Bank of India, there is large scale panic in...

RBI FAQs on Withdrawal of Rs.500 and Rs.1000 notes

1. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even...

RELAXATION’s IN WITHDRAWAL OF Rs. 1000 & Rs. 500 NOTES TILL 11-11-2016

The Reserve Bank of India has issued Notification F. No. 10/03/2016-Cy. I dated 08-11-2016, to facilitate a smooth withdrawal of the Old Series Currency Notes of Rs. 1000/- and Rs. 500/-...