Pramod Chandra Mody appointed as chairman of Central Board of Direct Taxes (CBDT)

Pramod Chandra Mody, a 1982 batch Indian Revenue Service (Income Tax cadre), has been appointed as the new chairman of Central Board of Direct Taxes (CBDT), the top policy making body of income tax department,. He succeeded Sushil Chandra, who ..

Income Tax department launches instant e-PAN card service

The Income Tax Department has launched instant Aadhaar-based e-PAN allotment service for individuals seeking PAN (Permanent Account Number) service for the first time. This facility is free of cost and is available for a limited period on first-come, first-served basis ..

Month: Current Affairs - July, 2018

E-file returns compulsory if income exceeds Rs 10 Lakhs

People with income of Rs 10 Lakhs per annum will have to file their tax returns electronically beginning 2011-12 Financial year. The CBDT (Central Board of Direct Taxes) has issued a notification making e-filing compulsory for assessment year 2012-13 onwards ..

Month: Current Affairs - July, 2012

Advance Pricing Agreement Scheme gets clearance of FM

Finance ministry approved the Advance Pricing Agreement (APA) scheme, related to transfer pricing regulations. The APA scheme, proposed in Budget 2012-13, is being considered as one of the major industry-friendly initiatives. The finance ministry’s green signal to the provisions devised ..

Month: Current Affairs - July, 2012

Category: Government Schemes Current Affairs

Current Affairs : July 17, 2011

World Bank probable to approve $1 Billion credit for NRLP   The Rural Development Ministry to sign agreement with World Bank for Soft Loan worth of $ 1 billion Objective of the Loan: To implement the National Rural Livelihoods Project ..

Month: Current Affairs - July, 2011