Page-3 of Central Board of Direct Taxes
India, Switzerland Automatic Exchange of Financial Account Information kicks in
Automatic Exchange of Information (AEOI) Regime between Switzerland and India kicked off from September 1, 2019. Under this mechanism, India will start receiving information on all financial accounts held by Indian residents in Switzerland, for the year 2018. Central Board ..
Month: Current Affairs - September, 2019
CBDT notifies creation of special cell for startups
Central Board of Direct Taxes (CBDT) has created five-member special cell to address grievances of startups with relation to angel tax and other tax-related issues. It will be headed by member (Income Tax and Computerisation) of CBDT. This initiative is ..
Month: Current Affairs - August, 2019
24 July: CBDT celebrates Aaykar Diwas
On 24 July 2019, Central Board of Direct Taxes (CBDT) and all field offices observed and celebrated 159th Income Tax Day also known as Aaykar Diwas. About Aaykar Diwas 2019 Background: It was on 24 July in 1860 that Income ..
Month: Current Affairs - July, 2019
Preliminary Report of Standing Committee on Finance
The Preliminary Report of the Standing Committee on Finance was tabled in the Parliament. The report titled Status of Unaccounted Income/Wealth Both Inside and Outside the Country A Critical Analysis makes the following observations: The committee s report was based ..
Terror Monitoring Group for Jammu and Kashmir
The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir. Mandate of the Terror Monitoring Group Taking action against hardcore ..
Month: Current Affairs - April, 2019
61 Individuals Declared Annual Income of Over Rs 100 Crore
As per the information provided by Minister of State for Finance Pon Radhakrishnan to the Lok Sabha 61 individuals who declared an income of more than Rs 100 crore during the assessment year 2017-18. Even though the numbers have increased sharply ..