Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction


GOVERNMENT OF INDIA MINISTRY OF FINANCE Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction When a customer uses a credit card, debit card, charge card or any other payment card for … Continue reading Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction

Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad


MINISTRY OF FINANCE INCOME TAX DEPARTMENT Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad Income tax investigations at Mumbai led to the revelation of a syndicate of ground level operators active in converting banned currency notes into legal tenders for a commission. As part of the … Continue reading Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad

Income Tax officials raid the homes of jewelers in 8 places in Chennai, recover Rs.90 crores in cash and Rs.29 crores jewellery


The department has been conducting regular raids since notes ban on Nov 8 Till December 6, cash and jewelry worth Rs. 120 crore (90+29=119)had been seized. The officials of the Income Tax department raided the homes of jewellers and sand miners in Chennai and recovered Rs. 90 crore in cash and 100 kg gold today. … Continue reading Income Tax officials raid the homes of jewelers in 8 places in Chennai, recover Rs.90 crores in cash and Rs.29 crores jewellery

SERVICE TAX EXEMPTIONS ON THE USE OF DEBIT AND CREDIT CARDS UPTO RS.2,000/-


Finance Minister Arun Jaitley will table in Parliament on Thursday,  a notification that will exempt credit and debit card transactions up to Rs 2000 from the levy of service tax, in a move is aimed at promoting electronic transactions or cashless transaction.

RESUMPTION OF ENCROACHMENT REMOVAL – BBMP


The Chief Minister of Karnataka has instructed the Administration to complete the removal of encroachment within two months and the survey department is lending support with some 32 surveyors. It is stated that over 240 properties are earmarked to be cleared by Feb, 2017. BBMP has begun the clearing of encroachments from Today.