Page-3 of Income Tax Act Current Affairs, GK & News

Union Cabinet gives nod for creation of two additional benches of the Authority for Advance Rulings (Income Tax)

Union Cabinet on 25 February 2015 gave nod for creation of two additional benches of the Authority for Advance Rulings (AAR- Income Tax). This decision was taken in Union Cabinet meeting chaired by Prime Minister Narendra Modi in order to enable resident taxpayers to obtain an advance ruling in respect of their income tax liability ..

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Election Commission guidelines on financial transparency

ECI’s (Election Commission of India) guidelines on financial transparency came into effect on October 1, 2014. The order was, however, passed on August 29. Mode of holding funds and making payments It is now virtually mandatory for political parties to deposit their funds in banks. Also, no payment in excess of Rs. 20,000 can be ..

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