Elephant Bonds

Published: July 19, 2019

The Government may provide another amnesty to the income tax defaulters in the country. However, this amnesty is unique as the defaulters will have to invest part of their undisclosed money in “Elephant Bonds”. What are the elephant bonds? Elephant Bonds are 25-year sovereign bonds in which tax defaulters who declare undisclosed past income will ..

Category: Government Schemes Current Affairs

Topics: Elephant Bonds • Roads • Tax compliance • Transport

Infosys to develop advance Tax filing System

Published: January 18, 2019

The Union government has approved Integrated E-filing and Centralised Processing Center 2.0 Project of the Income Tax Department to enhance the efficiency of income tax administration system in the country. Integrated E-filing and Centralised Processing Center 2.0 Project The objectives of the Integrated E-filing and Centralised Processing Center 2.0 Project are: Faster and accurate outcomes ..

Month: Current Affairs - January, 2019

Topics: Income Tax • Infosys • IT returns • Tax compliance • Union Government

Economic Survey 2016-17: Eight Interesting Facts About India

Published: February 7, 2017

The survey 2016-17 has put together eight interesting facts, which actually hint towards larger issues related to the country. These facts are as follows: 1. The work-related migration in India is increasing The Railway passenger traffic data reveals that around 9 million people migrate for work within the country annually. This is double of what ..

Topics: Migration in India • Misallocation • Tax compliance • Trade-GDP Ratio

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