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Cash Transaction 2016 Frequently Asked Questions After demonetisation, Income Tax Department has raised notices to Assessees who deposited cash more than 250000/- lacs (In some cases amount is lower than 2.5 Lacs). Assessee needs to file a declaration under Cash…

Budget 2017 – Key Highlights – This is the first time in Indian history that Union Budget has been announced one month in advance. This decision is made to complete the legislative process for approval of annual spending plans and tax proposals…

FAQ on TDS Refund (Q1.) Can I apply for TDS refund offline? No, deductor cannot apply for refund offline. (Q2.) Form which FY can deductor claim for Refund? Deductor can apply for TDS refund from FY 2007-8 onwards for Form…

Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 Circular No. 42 of 2016 [ F.No.142/11/2016-TPL] Dated – 23-12-2016 The Direct Tax Dispute Resolution Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter X of the Finance Act, 2016 provides an opportunity to tax payers…