Number of Tax Payers Increased After Demonetisation: Santosh Kumar Gangwar
The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 crore returns were filed as...
Specified Notes Confiscated on or before 30.12.2016 can be deposited in any of the RBI branches: Govt notifies Rules
The Department of Economic Affairs recently notified rules regarding deposit of Rs. 1000 and Rs. 500 Currency Notes confiscated on or before 30.12.2016. As per the new Rules, Where specified bank...
Finance Ministry extends due date for Deposit under PMGKY Scheme till April 30, 2017 [Read Notification]
In a notification issued yesterday, the Ministry of Finance has extended the due date for deposit under Pradhan Mantri Garib Kalyan Yojna Deposit Scheme till April 30th 2017. The Central Government...
![Finance Ministry extends due date for Deposit under PMGKY Scheme till April 30, 2017 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/04/PMGKY-Scheme-Taxscan.jpg "Finance Ministry extends due date for Deposit under PMGKY Scheme till April 30, 2017 [Read Notification]")
Demonetisation: Calcutta HC directs Govt to Refund of Seized Money in New Currency Notes [Read Order]
The Calcutta High Court had directed the Income Tax Department that refund, if any, of money seized in a raid before demonetization should be made in new currency. Justice Joymalya Bagchi, who penned...
![Demonetisation: Calcutta HC directs Govt to Refund of Seized Money in New Currency Notes [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Demonetisation: Calcutta HC directs Govt to Refund of Seized Money in New Currency Notes [Read Order]")
Operation Clean Money: Over 60,000 persons including 1300 high risk persons, identifies for Tax probe, says CBDT
Extensive enforcement action by the Income Tax Department (ITD) has led to seizures worth over Rs 818 crore and detection of undisclosed income of over Rs 9,334 crore. Impact of action visible in...
Demonetisation: Income Tax dept. initiates queries on Suspicious Bank Account deposits during window period
The Income Tax Department started raising queries on suspicious bank account deposits, including the deposits made in co-operative banks,post demonetization. Reportedly, the department could start...
![Government notifies The Specified Bank Notes (Cessation of Liabilities) Act, 2017 [Read the Act]](https://www.taxscan.in/wp-content/uploads/2017/03/Banned-Currency-notes.jpg "Government notifies The Specified Bank Notes (Cessation of Liabilities) Act, 2017 [Read the Act]")