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Rajya Sabha passes Finance Bill, 2017 with Five Amendments

Taxscan Team

The Rajya Sabha, today passed the Finance Bill with five amendments.The Lok Sabha, last week had given assent to the Bill with some major amendments. ...

First Part of Budget Session, 2017 Ends

Bank Officials under Scanner: Investigation against employees indulged in Money Laundering Post...

No Official Estimation of percentage of Black Money in Cash held in India, says MoS Santosh Kumar...

No Hike of Service Tax if GST roll out is delayed, says Santosh Kumar Gangwar

Assam Assembly ratifies GST Bill

Today Assam became the first state in India has ratified 122nd Constitution Amendment Bill related to Goods and Services Tax (GST). In this monsoon session both Lok sabha and Rajya Sabha unanimously...

Rajya Sabha Passes GST (Constitutional Amendment) Bill

Amidst all the controversies and debates, finally, the 122nd Constitutional Amendment Bill on GST has been passed by the Rajya Sabha yesterday. With this, the chances of implementing GST by the...

Govt. constitutes committee to examine Synchronisation of Financial Accounting year with Calendar year

Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December, 2016. The terms of reference (ToR) of...

One Third of the Black Money held by Indians in Swiss banks fallen; Santosh Kumar Gangwar in Rajya Sabha

While there is no official estimation regarding black money of Indians stacked in Swiss banks, recent media reports have quoted Zurich based Swiss National Bank as saying that money held by Indians in...

Curb - Black Money - Effective measures - Taxscan

Income Tax Assesment of CSR Spending

Section 135 (1) of the Companies Act, 2013 mandates every company with a turnover of Rs. 1000 crores or more; or a net worth of Rs. 500 crores or more; or a net profit of Rs. 5 crores or more to spend...