Today CBDT issued notification requiring Banks and post office to file Statement of financial transactions covering following cash deposit on or before 31st January 2017. Cash Deposit of 2,50,000 or more in any Savings Bank Account (any account other than current account) during 9-9-2016 to 30-12-2016 Cash Deposit of Rs. …
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Ban on High Denomination Currency and Income-tax Act As the Government has declared that currency notes of Rs. 500 and Rs. 1,000 denominations will not be valid from midnight of November 8, 2016, citizens will have to surrender the old notes at any branch of a bank or post office. …
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MCA has released circular no. 14/2015 dated 28/10/2015 with respect to relaxation of additional fees and extension of last date of filing of the following forms: Read : Last date of filing Form AOC-4, MGT-7 extended to 30th Dec 2015 1. Annual Return – Form MGT-7: Original due date: 60 days …
Read More » By now all of us are aware that the Finance Minister of India makes a Budget Speech in the Parliament. In this article, I will write about other important documents which are presented to the Parliament apart from his speech. Annual Financial Statement (AFS) is the main Budget document. The …
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Simplified Laws Guide to Taxation and Legal Concern