Circular No.41/2016 [F.No.500/43/2012-FT&TR] dated 21.12.2016.

CBDT came with circular on F.No.500/43/2012-FT&TR] dated 21.12.2016 vide circular number Circular No.41/2016. Detailed content of the circular is as given below: The Central Board of Direct Taxes had issued Circular No.41/2016 on 21st December, 2016 regarding […]

Measures for reducing litigation – Clarification on Circulars 21/2015 and 8/2016

CBDT came with circular on Measures for reducing litigation – Clarification on Circulars 21/2015 and 8/2016 vide circular number Circular No. 5/2017. Detailed content of the circular is as given below: Instructions were issued vide CBDT […]

Corrigendum to Circular No. 1/2017 dated 02.01.2017 on TDS under section 192 of Income-tax Act, 1961

CBDT came with circular on Corrigendum to Circular No. 1/2017 dated 02.01.2017 on TDS under section 192 of Income-tax Act, 1961 vide circular number Corrigendum 01/2017. Detailed content of the circular is as given below: In para 3.6.1 […]

Clarification on implementation of GAAR provsions under the Income Tax Act, 1961

CBDT came with circular on Clarification on implementation of GAAR provsions under the Income Tax Act, 1961 vide circular number Circular No. 7/2017.  Detailed content of the circular is as given below: The provisions of Chapter X-A of […]

Specified Bank Notes Cessation of Liabilities Ordinance 2016

Here is the Specified Bank Notes Cessation of Liabilities Ordinance 2016. In a press release by the PIB dated 30th December, 2016 , it has been announced that The President of India has approved the promulgation […]

Cash Withdrawal Limit increased to 4500 from 1st January, 2017

Daily Cash Withdrawal Limit increased to 4500 from 1st January, 2017 which was Rs. 2500 till today (31st December, 2016). It is to be worth noted that after demonetization dated 8th November, Limit is getting constantly […]

Government Clarification on Amendment to Payment of Wages Act : No Cashless yet

After demonetization people were expecting one step of government of stopping cash payment towards Salary & Wages. However, recent notification and amendment in Minimum Wages act is not directing for the same. Though it may […]