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Finance Act News
Govt moots Independent Payments Regulatory Board to promote consumer protection
Wed, Sep 19, 2018
The draft proposal provides PRB with sufficient powers to ensure public's ability to transmit money smoothly and securely through payment and settlement systems. "The Committee recommends that the government may place the proposed Bill before the Union Cabinet for its consideration," said the report.
Lok Sabha passes bill to make excise, customs Acts compliant with GST
Thu, Apr 06, 2017
It would depend on the government, Tharoor said, hoping that the NDA would not be using its "brute majority" to push legislations.
Now, you have to compulsorily quote Aadhaar number for PAN applications, filing Income Tax returns from July 1
Wed, Apr 05, 2017
The government announced on Wednesday that citizens have to mandatorily quote Aadhaar numbers while applying for PAN numbers and filing for their IncomeTax returns starting from July 1 this year.
CBDT proposes norms for tax benefits for genuine equity deals
Tue, Apr 04, 2017
As per the Finance Act, 2017, the income arising by way of a transfer of long-term capital asset, being equity share in a company, will be exempt from tax if such transfer is undertaken after October 1, 2004 and chargeable to Securities Transaction Tax (STT).
CBDT seeks suggestion on draft notification of STT chargeability rules
Mon, Apr 03, 2017
Under the Section 10 (38), the income arising by way of a transfer of long term capital asset, being equity share in a company, shall be exempt from tax if such transfer is undertaken after 1st October, 2004.
No tax will be deducted for PF withdrawals of up to Rs 50,000 from June 1
Mon, May 30, 2016
TDS shall not be deducted in case of transfer of PF from one account to another PF account.