In one of the latest circular the Central Board of Direct taxes has offered has offered rewards to the informants leading to Tax recovery from the defaulters . The informants will be entitled to a reward of 10% of the recovery subject to a maximum of Rs 15 lacs . Let's see how this offer of the government works and how much is its impact on recovery. more
You are correct Sir. The informer's identity will be known to very few high level officers of the income tax department and we have to trust them not to leak the information to any outsider. Generally the system of giving number to informer to hide his identity has worked fairly well in the department in other such schemes and so the informers in this scheme need not worry. more
Hello friends. Please suggest a competent CA firm for outsourcing all accounting and filing work related to IT and GST for a small company, preferably based in South Delhi or Gurgaon
May I enquire from an expert among the group your guidance on two things, It is heard that cash payment limit is reduced to Rs. 10,000/- as against Rs. 20,000/- from April 01. Is is right.
I have a TDS in post office for 5 years. When I visited there to withdraw the interest the concern clerk told that there is no provision to give the interest in cash for more than 20,000/-. He was ...
By Gaurav Mittal
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i have a registered ngo and a pan card attached to it, but the brochure who did registration and all, entered the wrong spelling of name in pan card, it has been more than two years, now i wish to ...
While ICAI members shouldnt indulge in illegal practices of converting black to white at the sam time they shouldnt behave like bhakts. Dont derail demonetisation but dont praise when the going is ...
DEMONETIZATION ONLY TO BAILOUT PSBs, hiding the PSB babus' filth:- PIL In the scenario created in the mean time in the Nation of India, several evils have cropped up against h...
Real estate firms or jewellers may not accept cash unless it is at a good discount, for they will have to declare it to the banks and pay taxes. So there is no easy option to convert it via real es...
Exchange of Rs.500:Rs.1000 being given new Currency. Govt to take some immediate steps. 1. No cash transaction Rs.1,00,000/- above in all aspects. 2. PAN compulsory for Rs.1 lak & above transac...
I am sharing this in view of prevalent panic created by certain media over imposition of penalty on unaccounted cash of high denominations that are deposited into bank, I give my professional opini...
By Naina Mittal
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