Announcement

Collapse
No announcement yet.

Latest India Tax News 31 January 2017

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Latest India Tax News 31 January 2017

    1. Income tax authorities have begun a multi-city crackdown against black money under the new stringent Benami law, having attached 42 properties worth crores of rupees and issued 87 notices.
    2. U/s 80 of Model GST Act, Prescribed documents and devices to be carried during movement of goods exceeding specified limit (Rs. 50,000 earlier).
    3. RBI has removed the limit on Cash Withdrawal for Current Account, CC A/c & OD A/c. However, limit for saving account of Rs. 24000/week will continue. But, can withdraw from ATM at a time.
    4. ICAI has increased the fee for GMCS course w.e.f. 1st February, 2017 onwards from Rs 5500/- to Rs.7000/-.
    5. No section 14A disallowance when no exempt income is earned during the year (Madras High Court).
Working...
X