After reviewing the cash position, the Government of India, in consultation with Reserve Bank of India (RBI), has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending March 2016 as under: Notified Amount for Auction of Treasury Bills (January 1, 2016 to – March 31, 2016) (Rs. in Crore)…
The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, it is mandatory under Rule 114B of the Income-tax Rules to quote PAN where the transactions exceed a specified limit. In case of transactions…
The Income Tax Department is committed to providing fair and transparent tax administration and continuously improve taxpayer services.Taking another step in this direction, Central Board of Direct Taxes (CBDT) has issued instructions to the assessing officers to be specific in enquires made in the case of tax payers whose returns are under scrutiny. The directions…