Current Affairs

GK MCQs Section

Page-4 of Taxation

CBDT relaxes norms for MAT on firms facing insolvency

The Central Board of Direct Taxes (CBDT) has announced to relax norms around levy of minimum alternate tax...

📅 January 8, 2018

Income Tax Department launches on-line chat service

Income Tax (IT) Department under the Union Finance Ministry has launched an on-line chat service on its national...

📅 January 6, 2018

Saudi Arabia, UAE introduce VAT for first time

Saudi Arabia and United Arab Emirates (UAE) became first countries of Gulf Cooperation Council (GCC) to introduce Value...

📅 January 1, 2018

India-Switzerland ink agreement automatic sharing of tax-related information

India has signed agreement with Switzerland for automatic sharing of tax-related information from January 1, 2018 with an...

📅 December 23, 2017

What is the meaning of Assessed Value?

Assessed Value refers to the assessment of the property for its monetary worth for the purpose of taxation....

📅 December 4, 2017

CBDT signs two Advance Pricing Agreements

The Central Board of Direct Taxes (CBDT) has entered into 2 Bilateral Advance Pricing Agreements (APAs) in November...

📅 December 2, 2017

Badri Narain Sharma appointed as Chairman of National Anti-Profiteering Authority

The Appointments Committee of the Cabinet (ACC) has appointed senior bureaucrat Badri Narain Sharma as Chairman of National...

📅 November 29, 2017

Cabinet approves agreement on co-operation in customs matters between India and Philippines

The Union Cabinet approved signing and ratifying of Agreement between India and Philippines on co-operation and mutual assistance...

📅 November 23, 2017

Government constitutes task force for drafting New Direct Tax Legislation

The Union Finance Ministry has constituted task force to review Income Tax (IT) Act 1961 and draft new...

📅 November 22, 2017

Cabinet approves protocol amending DTAA between India and Kyrgyz

The Union Cabinet approved protocol amending Agreement between India and Kyrgyz for avoidance of double taxation and prevention...

📅 November 11, 2017

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