Page-7 of Income tax in India Current Affairs, GK & News

OLTAS System

OLTAS refers to On-line Tax Accounting System (OLTAS) for Direct Taxes. Please note that direct taxes include the Income Tax and Corporate Taxes, which are directly levied from the concerned people and organizations. Background OLTAS was introduced in April, 2004 for collection, accounting and reporting of the receipts and payments of Direct Taxes on-line through ..

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Current Affairs : November 4, 2011

Constitution (113th) Amendment Bill gets President’s Assent Constitution(113th) Amendment Bill pertains to change of the name of Oriya language to Odiya. President Pratibha Patil has given her assent to the Orissa (the Alteration of Name) Bill and the Constitution(113th) Amendment Bill, already approved by both the houses of Parliament. With this assent, the spelling of ..

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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 (NRLP) under National Rural Livelihood Mission (NRLM) Distribution of project funds among the states to ..

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Current Affairs : June 23, 2011

Ambubashi Mela commences at the Kamakhya temple in Assam The 4 day yearly Ambushi Mela started at the Shaktipeeth Kamakhya Dham in Guwahati The door of the temple closed for the visitors for next 3 days The temple complex is on the top of the Neelachal Hill Former Kerala Minister Mr. A. Sujanapal Sujanapal passes ..

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Current Affairs : June 22, 2011

UN Secretary General: Ban Ki-moon re-elected Ban Ki-Moon was unanimously elected for a second term by the 192 Nations United Nations General Assembly The second 5 year term for Mr. Ban starts from January 1, 2012 Mr. Ban has termed his re-election as a "very great honour beyond expression." Uttar Pradesh Govt to amend Criminal ..

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