Search For "finance act"
Amendments made to Prevention of Money-laundering Act
Updated : 4 years, 3 months ago IST
New Delhi [India], Feb 1 (ANI): Amendments have been made in Prevention of Money-laundering Act, 2002 (PMLA) through Finance Act 2018, the Ministry of Finance said in a notification on Thursday.
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India Inc. suggests reduced MAT, increased medical reimbursement ceiling a
Updated : 4 years, 4 months ago IST
New Delhi [India], Jan 5 (ANI-NewsVoir): PHD Chamber of Commerce and Industry urged the Finance Ministry to not only bring down the corporate tax at committed ceiling of 25 percent but also sought drastic reduction in Minimum Alternate Tax (MAT), besides reiterating its demand for hike in me
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CBDT issues draft notification of amendment of rule 17A and form 10A
Updated : 4 years, 7 months ago IST
New Delhi [India], Oct 18 (ANI): Central Board of Direct Taxes on Wednesday stated that the Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of section 12A of the Income-tax Act, 1961 ('the Act') w.e.f April 1st, 2018 to the effect that where a trust or an institutio
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CBDT notifies condition of chargeability to STT; claims exemption
Updated : 4 years, 9 months ago IST
New Delhi [India], June 6 (ANI): According to the Central Board of Direct Taxes (CBDT) released notifications, under section 10(38) of the Income-tax Act, 1961, prior to its amendment by Finance Act, 2017 it was provided that the income arising by way of a transfer of long term capital asset
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Budget 2017 takes steps to discourage cash transactions and curb Black Mon
Updated : 4 years, 9 months ago IST
New Delhi [India], Apr 5 (ANI): Central Board of Direct Taxes on Wednesday announced various legislative steps that have been taken by the Finance Act, 2017 to curb black money by discouraging cash transaction and by promoting digital economy.
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CBDT lays out mandatory quoting of Aadhaar; includes PAN applications, fil
Updated : 4 years, 9 months ago IST
New Delhi [India], Apr 5 (ANI): The Central Board of Direct Taxes on Wednesday notified that under the Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides the mandatory quoting of Aadhaar or Enrolment ID of Aadhaar application form for filing of return o
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CBDT issues guiding principles for determination of Place of Effective Man
Updated : 4 years, 9 months ago IST
New Delhi [India], Jan 24 (ANI): The concept of Place of Effective Management (POEM) for deciding the residential status of a company was introduced by the Finance Act, 2015.
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